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๐ EUR/USD Weekly Cash Data - Analysis
๐ Symmetry in Focus:
- From the black arrow, a symmetric pattern is observed.
- The magnitude of the current rally suggests wave-g may be nearing its end, resembling the size of wave-e (green rectangle).
- If the Euro tops around 1.11-1.12, a presumption is made that wave-h will mirror the prices of wave-b & d (red rectangles).
๐ Progression:
- Wave-g is progressing as predicted, but a recent drop indicates a shift in upside momentum.
- Anticipating the conclusion of wave-g in late December or early January.
๐ Confidence Indicators:
- Confidence in the symmetrical pattern exceeds 60%, pending Euro behavior.
- If wave-h aligns with the movement of wave-b & d, confidence escalates to the 80% realm.
๐ Conclusion:
Stay tuned for developments as we monitor the Euro's behavior, with an eye on potential price movements in line with Neowave predictions.
๐ Timeline:
Late December to early January - a critical period for wave-g conclusion.
*Disclaimer: Trading involves risk. This analysis is for informational purposes only and not financial advice.*
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