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infinitus replied Oct 8, 2010Congrats to you. Nice weekend. Mine will be fine too. Had in the uppush 33 Pips and in the downmove 121 pips. What should I say: Aaaaaaaaaaaaaaaaah :-) But the downmove is not a correction, it is a trend change, wave 3!!!
EURUSD
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infinitus replied Oct 8, 2010Wow, wow, wow, we maybe thought to small. Downward action since yesterday was likely a gigantic wxy-Pattern in a Wave 1 position. We will in this case get a huge Leading diagonal. But the PA has to stay beneath the last top I short from here with SL ...
EURUSD
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infinitus replied Oct 8, 2010Beware of huge spike down than spike up with continued up movement On the other side: There is a possibility, that this wave 3 is not over, we could have build the A and B leg of this zigzag. With a huge spike down we could fullfill this ABC pattern ...
EURUSD
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infinitus replied Oct 8, 2010I think maximum target is 3947 We should likely see this shoot up after NFP
EURUSD
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infinitus replied Oct 8, 2010Hi Samir, this "Zigzag" since yesterdays high to todays low can not be counted as the A-leg, because an A-wave has to either be an impulse or a leading diagonal. But both legs does not good count as a impulse and picture shows for each leg down only ...
EURUSD
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infinitus replied Oct 8, 2010With the recent action, both longs and shorts will scratch their head. This leading diagonal won't go as deep as shorts would like. Bulls will rush in, thinking of a new top, but get teached a lesson when wave 2 reverses shortly before their ...
EURUSD
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infinitus replied Oct 8, 2010If we are in wave 4 now with a target around 1.3916, so we will get a contracting leading diagonal. With that said, downside for wave 5 is limited. A reasonable target would be around 1.3825 for a short in time wave 4, may reach 1.3794 if 4 ...
EURUSD
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infinitus replied Oct 8, 2010You are right, man, I too can not remember such an forced uptrend, and I am traiding for a long time now. Look at stock markets - that is what the algos do........ Waiting for the biggest flash crash ever. But I am an Elliottican, so I have to be ...
EURUSD
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infinitus replied Oct 8, 2010If wave 4, look for target between 1.3916 and 1.3947 Play it safe....
EURUSD
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infinitus replied Oct 8, 2010main count 10082010noon c 5min micro count eurusd LD bearish eur mm p 256 — Hey Folks, I have updated the count for everyone who is interested. (see signature)
EURUSD
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infinitus replied Oct 8, 2010If it breaks the low of yesterday we than we are in a leading diagonal. That was my main count. If not, we are in for a good move up in a ending diagonal. What a mess......
EURUSD
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infinitus replied Oct 8, 2010Hello Nawafasad, you can see it on your own chart - wave 3, especially 3 of 3, should have the highest (in this case lowest) readings in Awesome Oszillator as well as RSI But we have highest readings at the end of wave 1 Therefore I think one have ...
EURUSD
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infinitus replied Oct 8, 2010Hello Nawafasad, in a zigzag correction wave a has to be an impulse or a leading diagonale. Check out your wave a, you can only count three waves. Implication: either your wave a was a completed correction by itself with an impulse up (or a ending ...
EURUSD
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infinitus replied Oct 8, 2010Hello and good morning Mr. Hatch, right now I am undecided, if we wave blue one is ready and we are in wave 2 action (since we had a touch of 61% retracement - normally to less for a diagonal), or we are in a wave that is part of y of 1 (in Y it ...
EURUSD