 Welcome traders to another intraday wave analysis with me Patrick Munley. I want to update the Euro dollar chart here on the four hour time frame and we're still carving out this fourth wave corrective pattern which has extended. We tested the Equality Objective ABC at 1.1845. Got some responsive buying there but since then we've rolled over and we're now looking to put in the last leg of this downside correction. We've got a potential five wave pattern to play here. Look for a wave four to top out in around 1.1850 and then I'm looking for a wave five extension to test the yearly pivots at 1.1720. We also have trend line support coming in on the daily chart and that should basically put in our wave four low and I'm looking for prices to extend higher from there. As always traders plan the trade, trade the plan, manage your risk.