⬤ EUR/USD just bounced hard after dropping into that sweet equal-legs area Elliott Wave traders were watching. The four-hour chart shows EUR/USD finding its footing in that zone and pushing back up, proving this was just a healthy pullback, not the start of a bearish trend.
⬤ The pullback played out clean—measured, proportional, textbook stuff. Price finished its corrective dance right in the equal-legs zone before support kicked in. EUR/USD started climbing without breaking any key structures, and that invalidation level everyone was watching? Still holding strong, which tells you buyers were waiting right there.
⬤ Once EUR/USD reacted off that equal-legs area, momentum flipped back bullish. The Elliott Wave count suggests the correction wrapped up before the recovery started, meaning that dip was just part of the bigger consolidation pattern. Since the bounce, price action has stayed solid with no signs of structural weakness on this timeframe.
⬤ Why this matters: equal-legs pullbacks are often where trends take a breather before continuing. EUR/USD holding and bouncing from this zone backs the idea that the correction's done and the next leg up could be loading. Sure, we might see some chop in the short term, but the technical response here shows exactly why Elliott Wave structures work for spotting high-probability zones where price actually respects support during corrections.
