Lol... The down move on 4th wave now seems to be taking the shape of a triangle. So we have label this as a complex correction. No longer a flat abc. Just have to wait and see how this develops

Elliot Wave Analysis

The 15 mins chart played out well. FE 161.8 had reached and eu has gone up for the 4th wave. All my EU targets were done on the short scalp. It seems the 4th wave also seems done while i was asleep as it has done a 38.2 retrace of the 3rd wave on 15 ...

Elliot Wave Analysis

Thanks for your kind words.

Elliot Wave Analysis

thanks for the chart marketnewbie. Good work.

Elliot Wave Analysis

Taking this chart down a notch to 15 mins . Since C wave is usually a 5 wave. I am drawing a fibo expansion to find possible targets. Here is a 15 mins chart which is self explanatory. wave 1 and 2 seems over and now it seems like going down on wave ...

Elliot Wave Analysis

If i draw a Fibonacci extension, the 161.8 is also coinciding with the lesser degree 4th wave as shown in the chart. I have marked it as a reversal zone. This is just a possibility and not carved in stone ...

Elliot Wave Analysis

EU 1 hour In my honest opinion, 5 waves up of wave 1 has completed and a second wave is in progress. It could be a flat correction or even a complex correction down but it seems like it will go down at least to 1.1714 which is the 61.8 retracement ...

Elliot Wave Analysis

eu 1 hour. Good possibility for a corrective move down but my advise it not to sell as it's not worth it. The dxy seems core bearish which will take all other currencies up. this is my opinion and in such a case i only believe in buying ...

Elliot Wave Analysis

dxy in 1 hour chart. In my opinion, minor 3rd wave is still in progress. and will tank soon. here is a chart

Elliot Wave Analysis

My humble opinion for EU 1 hour is that the 1st major wave looks complete (unless i am wrong). I can count 5 waves upward. If my assumption is true, and my count is correct, then we are expecting a retracement to at least 50% of this move to 1.1652. ...

Elliot Wave Analysis

All eur/usd tp's hit. will wait for some retracement to buy some more.

Elliot Wave Analysis

Thar she blows !!!!! been expecting this thrust from morning and first tp 1.1780 and a lot more to come .

Elliot Wave Analysis

Good move up on EU. as stated before 61.8 could be a temporary resistance as the average daily range high is also close by. so will take half tp there. will buy again if it come down .

Elliot Wave Analysis

Good morning. There was some good movement to the upside on EU and i am hoping it will continue all the way to FE 100 (1.1831) at least and finally to FE 161.8. Wave 3 to follow is my expectation and this could be pretty fast upward momentum so ...

Elliot Wave Analysis

Hopefully by the end of the day's trading, there will be some profit taking and could push prices up on Eur/usd. The gartley pattern on hourly chart could help with the push up. Once the marked weekly pivot on the below chart is crossed, then would ...

Elliot Wave Analysis

even after the good figures of nfp and rate of earnings and also unemployment change, not much of a change happened in price, this only proves that the big boys are still buying. it might go a little more down to attract retail to sell. try not to ...

Elliot Wave Analysis

its a buy guys.... i hope !!!! The correction seems over and its time for the 3rd wave up on this shorter time frame. My TP is 1.1750 which is 161.8 of this move. the chart displayed is self explanatory .

Elliot Wave Analysis

price is at my buy zone. image

Elliot Wave Analysis

following up on the shprt term EU analysis. C wave almost complete with 3rd wave down. now expecting a small 38.2 wave up for the 4th wave and then down for 5th wave. i will start buying small from 1.1649 and 1.1636. If it goes down more will add to ...

Elliot Wave Analysis

getting there slowly. need one more down move on a C wave (5 waves) for the correction to complete.

Elliot Wave Analysis