tomorrow being friday, there is a good possibility to reverse the market temporarily to get some bait into the market ....

Elliot Wave Analysis

please don't sell on this pair or you will regret it

Elliot Wave Analysis

ok lets try and break down the 5th wave on usdcad into minute waves on a 15 minute chart to see if we can get somewhere. There is an important confluence at 1.3100-1.3110 as this is 100% of major wave on daily chart. that is the 1st chart 2nd chart ...

Elliot Wave Analysis

i remember reading about the 70.7 % from "five waves to financial freedom" from Ramki ramakrishnan. He always insisted on using this %.

Elliot Wave Analysis

yesterday's short term usdcad chart hit tp to the pip (61.8) for the supposedly ending 5th wave on short term. not going to sell here as the pair is core bullish. will wait for a 50% to a 61.8 retrace for another bull run. it my run up to 100% for ...

Elliot Wave Analysis

very short term on usd cad.

Elliot Wave Analysis

usd index is still in a corrective major wave 2 up is what i believe therefore, eur/usd, nzd/usd and aud/usd will resume it's down trend. usd/chf and usd/cad will resume it's uptrend. iam not sure about gbp/usd until now. In all these pairs, my ...

Elliot Wave Analysis

you will get many views on index chart if you google it or in you tube.

Elliot Wave Analysis

i have not changed my view on index yet. i got stopped out of euro at 61.8% but made good on usd/cad and cad/jpy. the correction has gone deeper on short term. if it goes below 89.32 (last low) then i would wait for 123.6% of wave 1. I am still ...

Elliot Wave Analysis

great charts and contribution guys. Keep up the good work. Short term usd index chart. i am expecting a good rally up. i have seen a lot of posts in which everyone is bearish usd in the short term and expecting all other usd corresponding pairs to ...

Elliot Wave Analysis

Thanks for this chart. Just wondering if you have any longer term chart on Dow Jones (daily would be great). Thanks . If the DJI rises, then index is inversely correlated so it should fall which is why i am interested in a longer term chart.

Elliot Wave Analysis

Yes . That is my view. For a long term trend eurusd is in an uptrend. It will be confirmed totally when usd index will complete this up move and start the decline for the third wave. Again .. this is just my 2 cents not written in stone. Lol

Elliot Wave Analysis

the chart above was actually the first chart i had posted when i started this thread. The invalidation line does not exist as it can move all the way up to start of the firest wave since it is a second wave and not 4th. My mistake.

Elliot Wave Analysis

well ... that was the most important news for the Forex market and nothing substantial was achieved in terms of (big push up or a pull down). After today's news, according to me, Dollar index has already finished a major wave 1 and now is pushing ...

Elliot Wave Analysis

excitement for the day is over... good stop hunting to take it up and then drop it like an anchor those who kept their shorts on must have gained. anyhow .. we'll see how it goes tomorrow. adr has already reached. there might be a retrace . ...

Elliot Wave Analysis

Short term i am expecting a push down 161.8 for a minor 3rd wave. hopefully this will happen after ecb news.

Elliot Wave Analysis

There seem to be reasonable surety that this could be a C wave down after the A and B. this will be confirmed after the ecb news. If this possibility can be true, this can go below the A wave in 5 waves.

Elliot Wave Analysis

Thanks for stopping by. Please contribute and let us know your counts as well. Good luck.

Elliot Wave Analysis

i am going to stay aside until usd index crosses 90.87 to the upside or 88.14 to the downside. Index is bearish but the move up that we saw after the last down move could be the start of wave 2. will wait and see

Elliot Wave Analysis

i don't use linear regression, so cannot comment on it. also kindly explain the 2 recovery levels if possible. EW, Fibs and a bit of VSA is what i use in my forecast.

Elliot Wave Analysis