Thread: Elliot Wave Analysis

Originally Posted by ;

any count on eurusd points into 1.1975 . With the innovative gdp of US that's scheduled, there could be a move up but finally I hope 1.1975 on eurusd prior to any fantastic move up on this pair. So if it goes up it's a market zone on hourly chart. Finally 1.1805 is my goal. image

EU is still going down and at this stage I still believe that the 5 waves of wave C is not over yet and we must expect a lot more down. Usually after 5 waves we have a large 3 wave correction and this correction generally goes down to nearly or before the 4th wave of a lesser degree. I have set a red line on such area. It might reverse at 61.8 of this retracement of the whole 5 wave rally. I have marked that also at the charts.

The 5th wave ending may likewise be at 261.8 percent expansion. 1.1731 is which is near 61.8 so hoping that also.

Here are a couple of charts. Unless there is a substantial transfer of around 300 pips into the upsidedown, it'd be safer to not buy down this trend. IT would be better to sell at resistance. Place some pivots and support resistance indior and bollinger bands to come across the right resistance points.

EWMI upgrade for your EURCAD count - it shows a similar pattern as the EURUSD.
I expect that this an A-B-C pattern no more urge one based on the bigger picture.

Originally Posted by ;

EWMI upgrade for the EURCAD count - it reveals that a similar pattern as the EURUSD. I expect that this an A-B-C pattern no more impulse one based on the bigger picture. Sixer image

Good chart and good probability. Thanks

Hi, what do you think about the Elliot on Dax, the red zone is a 4h flat and the 161.8 in the 1st leg, possess also a more powerful 4H level 140 pips above to your leg 5

Originally Posted by ;

Hi, what do you think about this Elliot on Dax, the red zone is a 4h level along with also the 161.8 from the 1st leg, have also a more powerful 4H level 140 pips above for the leg picture

In a 4hr , are you saying that 161.8 is the fib expansion amount?
Look at my chart on 4hr.

This is my draw (RET count) of this FDAX because high at the end of jan.18 - a corrective WXY pattern.

Originally Posted by ;

quote From a 4hr , are you saying that 161.8 is the fib expansion level? Check out my chart on 4hr. picture picture

I was meaning something such as this, red box is a 4h resistance zone, and we almost are on the 161.8% of the 1st leg, we're likely going to a high 5 but until we go this could likewise be right now that the stage 5.

Originally Posted by ;

quote I had been believing something such as this, red box is an 4h resistance zone, and we all are about the 161.8% of the 1st leg, we are likely going to a higher 5 but till we go this could also be right now the stage 5. picture

Yes okay I agree with it on a briefer tf but there is room for much more upside. . So in my view a sell is not an option here r scalping a few pips.

Originally Posted by ;

quote Yes okay I agree with it on a shorter tf however there's room for much more upside. . So in my opinion a sell isn't a choice here unless u r scalping a few pips.

Yes and no really the only things we all know is the Dax is high, so yes there's space over but lot of space under as well ! I'm scalping since it is possible to see
but studying and looking biggest picture particularly on this type of levels constantly giving some additional advantage

Anyone skilled at this Ought to look at USD/JPY