EURJPY 4H Elliott Wave Forecast
Sideways Movement
* The price has completed five downward waves representing wave (A), which is part of a larger corrective wave.
* Currently, the price is moving sideways, indicating the potential formation of a triangle pattern representing wave (B).
Scenarios:
* The triangle pattern is expected to complete all its sub-waves, which will mark the end of wave (B).
* A downward wave is expected after breaking the key level and the lower boundary of the pattern, potentially initiating the decline .
* Wave (C): The projected target for wave (C) is for it to be equal in length to wave (A)
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