Thread: Elliot Wave Analysis

oil targets 1 hr. And prevent loss

[attach]gbpusd.PNG;2682284[/attach

Dollar is currently strengthening and pairs are demoning weakness. Iam awaiting bounce up for wave 2 to take a very low risk trade down to wave 3 on eurusd.stop will probably be high of the previous swing. Will be adding sells upon breakout. In the moment. My te will show my transactions. Safe.

Originally Posted by ;

[attach]gbpusd.PNG;2682284[/Join Picture

Thank You for the chart. Iam at precisely the same confusion of your white wave as well.in that the event we want another high.

This is the count suggestion from AdmiralMarkets to get GBPUSD (4h and 1h).

Btw, the correct family name is Elliott maybe not Elliot.



Edit:
Have a look at the Eduional Series from EWI too:
http://my.elliottwave.com/supportgui...s/default.aspx

Originally Posted by ;

This is your count proposal from AdmiralMarkets for GBPUSD (4h and 1h). Btw, the right family name is Elliott maybe not Elliot. Sixer picture picture

Thank you for the charts and for pointing out my error. Will try to spell properly from today onwards.
On the bigger timeframe it had not done even a 38.2 expansion of wave 5 but when it moved impulsively on lower interval, I thought wave 5 had truned which is rather ordinary. Anyway lets see what happens.the vaions does some bizarre moves.

Originally Posted by ;

quote Thanks for the chart. Iam in exactly the same confusion of the white wave as well.in that the event we need another high.

It's a little confusing maybe patience is a virtue here. Though we need wait for rules to confirm yah or nay. I am not convinced a new top is in now as I am not convinced the potential current zig zag is either dead or not. Just waiting for confirmation

Originally Posted by ;

This is your count proposal from AdmiralMarkets for GBPUSD (4h and 1h). Btw, the correct family name is Elliott maybe not Elliot. Sixer Edit: Take a look at the Eduional Series from EWI too: http://my.elliottwave.com/supportgui...s/default.aspx image image

tks to share the chart. My preferred count is same. However, I am not met as a fundamental rule is broken. That's waves (1) and (3) has overlap re: corrective (2) and (4)) on I hour chart


PS# anybody serious about studying Elliottwave. Sixer has given you all of the tools you need know. Adhere to the elliotwave link.

I view first retracement on GBPUSD as an elongated flat (which c-green is more than 161 percent of b), it gives early warning sign of triangular formation

All major moves for now appears. Average daily range has been reached in the majority of pairs except aud/usd. So I am expecting some counter trend trades to take place. I will shut for the day. Safe trades to all.