5Waves - Daily Round-up

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FTSE Elliott Wave Technical Analysis – 4th July, 2014 (ElliottWaveStockMarket)

"The bigger picture sees FTSE in a huge correction for a super cycle wave (II).  Super cycle wave (II) may be either a regular flat correction (labeled cycle a, b, c) or it may be a double flat or combination (labeled cycle w, x and y). There is no Fibonacci ratio between primary waves A and C."

EURUSD Elliott Wave Analysis: Bearish Reversal (FxStreet)

EURUSD has turned sharply to the downside yesterday a move that can be considered as an impulse. Pair also took out the trendline connected from the lows which is a bearish signature for this pair.