EURUSD Elliott Wave View: Bounces Are Expected To Fail

EURUSD short-term  Elliott wave view suggests that the decline from ( 1.1996 ) 5/14/2018 peak is unfolding as  ending diagonal structure in Intermediate wave (5) lower as mentioned in the previous post  here. The internals of each of leg in ending diagonal structure is the combination of a 3 waves corrective structure i.

e the internal of wave 1, 2, 3, 4 & 5 unfolds as double three, zigzag etc. Ending Diagonal usually appears in the sub-division of the wave 5 of impulse or wave C of Zigzag or Flat.