وده تحليل الشارت الاسبوعى باستخدام موجات اليوت ممكن يكون مفيد ولكن ده تحليل للصوره الكبيره
A decline from 2008 peak to 2009, 1.3500 low was in five waves, which in Elliott Wave theory indicates a direction of a larger trend. This is called an impulse wave, and once this leg is complete you will see a reversal in price, against the trend, normally into a slow, choppy and overlapping price action which is personality of a correction. Well, this is exactly what market experienced since 2009 lows. As such, we are very confident that pair is trapped in a corrective pattern, triangle which is still incomplete, based on the latest data. because of correlations to other markets, we think that wave D) is still underway to 1.5000 level from where we would expect another bounce into wave E).
From a long-term perspective, this market is bearish while trades below 1.6744 invalidation level.
