sorry Magnat I don't follow... 50% on t965 broke this year.. last week... are you saying the current phase in all templates at the start of the year/month are null and void? that template also shows no price level at 4450.. i am with you on a bull ...

Are support and resistance levels predetermined?

template 965 is pointing to 1.3409... i will short on a retrace higher... ideally 1.3740... or 3785 would be nicer

Are support and resistance levels predetermined?

whilst we may retrace up still... bias is down:

Spider's Den

i never read news no more... i was told long time ago by someone else that markets will go places regardless of news... A straight forward perfect example is last months NFP - its was great news for USD but instead EU rises over 100 pips that day... ...

Are support and resistance levels predetermined?

euro may not do anything till FOMC... hell maybe FOMC will do nothing for euro tomorrow and we gotta wait for NFP... i favour downside - would like to get in higher though

Spider's Den

ya 3684 is good buddy for a top... see what news says... if NZDUSD is bullish doesn't that mean eu can go higher being bullish against usd? i know nzd doesn't have the kind of impact euro does on the usd.. but maybe.. its gearing up for a retest of ...

Spider's Den

my thoughts exactly without EW in mind

Elliott wave outlook

image

Spider's Den

ah so he means price has to come from more than 59 pips past 0% to be a valid signal and vice versa? I thought it was within.. thanks..

Are support and resistance levels predetermined?

cool got that part thanks but why does it matter if reaches 100%-59... is that the limit for the price NOT to exceed then bounce back and break 23.6%? thats the only thing i can make sense of but not sure if this is what he means

Are support and resistance levels predetermined?

hollowhead... question about T1130 i don't understand what bobi means by this: We can say 23.6% is broken when price is traveling from 100%-59 pips of the phase and rises 42 pips above 23.6% level of current phase. We can say 61.8% is broken when ...

Are support and resistance levels predetermined?

10 years ago people would have probably never thought eurusd would have reached 1.60... market doesn't follow EW... with all the bad rep euro has and has had for years now its just not dropping... that to me say euro has another agenda... i used to ...

Elliott wave outlook

I think we head to 1.32 first. Maybe more

Elliott wave outlook

thanks Bobi... a long time ago you used to produce a monthly calculator for us... is this something you may do once again if time permits? the daily sentiment, temp direction along with the extreme bull and bear levels made it a very useful tool... ...

Are support and resistance levels predetermined?

breaking 3685 will likely get us to test the broken trendline shown in the previous post at 3730 level

Spider's Den

ya interesting.. lets see if it 3620 gives way... i think it'll be the start to the move down to 1.32... price has already violated a move to the downside but when does it happen is the question

Spider's Den

interesting i never had 3650 as an important level... forgot to mention 3685 is near term resistance

Spider's Den

as far as intraday goes... 1.3620 is a strong support so breaching that today with a close below will call for 3350 if you look at it as a double top... however intraday aside... i have 1.3430 as the next support... a stronger support is 1.3191 on ...

Spider's Den

impressive start to the year T.. here is a chart of where we are at... more downside to come... overall trend still bullish but as I said last year that hitting 1.30 won't mean we are in a downtrend... sure its 700 pips away and cash in if you know ...

Spider's Den

well.... if i could i would kiss you right now instead I will say a million thanks BOBI: I have read through the post and seen T103F and T5_1_103... what is the difference? that T103F can fail? is there anything else specific to T5_1_103? ...

Are support and resistance levels predetermined?