Waves within waves. A wave 2 on a daily chart may be waves 1-5 on a hourly.

EURUSD

Looks like a complex wave 4. Wave 2 was simple, so I would anticipate wave 4 to be complex. If wave 2 had been complex, I would have anticipated a simple wave 4. Timing wise, it's a bit early for wave 5 to have begun. But this interpretation should ...

EURUSD

What timeframe?

EURUSD

Yeah, the extended movements can get quite nasty. An interesting perspective is that since EW is based entirely on market psychology and it's participants, the world has changed in the amount, speed, and frequency that information that effects the ...

EURUSD

The problem with EW is that often you have professionals that will disagree with each other as to the wave count. I find it interesting, but I prefer to just focus on the price action on the chart in front of me....but that's my preference.

EURUSD

Yes, 5 waves but also corrective movements a, b, and c follow. You can also have extended corrective movements: a1, b1, c1, a2, b2...etc. Also, when counting waves, it is not rare to see a wave 5 failure (where wave 5 fails to make a new high above ...

EURUSD

Ok. You just changed my schedule for the evening.

EURUSD

Pure price action.

EURUSD

That's cold. You're killing me.

EURUSD

Ouch.

EURUSD

Better pray at 1:15 they don't utter something hawkish. Good luck.

EURUSD

Effect of news temporarily postponed. If anything significant happens today, it is likely to be after 1:15.

EURUSD

Sorry for that spike up - I hit the wrong button. Don't worry though...let me just finish this double top.

EURUSD

You're welcome!

EURUSD

Wow. Better run a close SL.

EURUSD

Next push down has a high probability of breaking 1.4614 - if that happens, lookout. We'll see.

EURUSD

If it was not quarter end, maybe. Looking more and more unlikely, though.

EURUSD

At least you'll get to enjoy the ride down as the fat lady sings....

EURUSD

Next time you talk to the market, can you tell him to just get to the point already?

EURUSD