By Elliott Wave International
On February 28, long before “Liberation Day,” Elliott Wave International’s Currency Pro Service editor, Michael Madden, recorded a video for his subscribers with this chart and forecast:
“5 waves down from 1.0529 will complete this pattern. From there, we’ll expect a dramatic reversal to kickstart a third-of-a-third advance. At this juncture, keep the immediate focus lower but on the lookout for wave ii to end.”
Result: EUR/USD followed the Elliott wave script to perfection, reversing sharply and SKYROCKETING above $1.14.
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This article was syndicated by Elliott Wave International and was originally published under the headline EUR/USD: See What a Third-of-a-Third Elliott Wave Setup Looks Like. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
Disclaimer: The Panic Newsroom is an affiliate of Elliott Wave International. As such, we may receive a commission if you order any products or services from their website. — TPN
