Thread: Elliot Wave Analysis

Hey mavilakandy, did you have a sell on oil ? Along with a buy on gold?

I created a Fantastic cumulative 300 odd pips today on the two

Originally Posted by ;

oil is heading down for the 3rd wave as mentioned previously from the charts. Expecting at least a 62.75 for FE 100 . After down which to 61.06 for FE 161.8 Keeping fingers crossed. picture

Hello,
A small doubt from my limited knowledge. Is it secure to sell OIL before the price is crossing the base of 1st wave. i.e. 63.74.

Originally Posted by ;

hey , did you have a sell on oil ? And a buy online gold? I made a good accumulative 300 odd pips today on both

Hello stringfx,

No I didn't make any live trade nonetheless. Still, I want some time.
Anyhow, happy to hear you have good gain from OIL and GOLD. Keep this up.

Originally Posted by ;

quote Hello, A small doubt from my limited understanding. Is it secure to sell OIL before the price is crossing the base of 1st wave. i.e. 63.74.

Yes in the event that you're able to tolerate a drawdown of almost 80 pips coz oil can be mad. I am waiting to sell a bit above around 30 pips over . Possibly a different one 50 pips over and then a stop loss over the high. Will be selling aggressively following retracement breakout downside. I took partial profit at 61.8

Thus you did not sell on top.

Originally Posted by ;

quote Hi , No, I did not make any live commerce nonetheless. Still, I want a little time. Anyhow, happy to hear that you have great gain from OIL and GOLD. Keep this up.

ok so you're still on the learning / demonion procedure. It's fine.

Originally Posted by ;

quote okay so you are still on the learning / demonion procedure. It is fine.

Due to my several mistakes before, I must take extra care....
I am learning from your examples. Thanks.

Hi, stringfx I caught it at the activity (106 pips today), but looks it is making a flag for one more move upward

Should I take profit or wait longer?

64.32,64.56 are 38.2, 50 percent retracement that appears to be a fantastic place to market. The final low is that the average daily range low for the day as well. So I am expecting a retrace to 38.2 and then crash into FE 100 62.65 at the least.

Originally Posted by ;

Hello, Stringx I caught it at the action (106 pips now), but sounds it's creating a flag for another move up If I take profit or wait longer? picture

Hello Aariapoor,
I am not denying that your monitoring but on the basis of this wave count on higher timeframes I am forecasting the current move on 1 hr. In case you check my previous charts on weekly and 4 hour, you might see what I am trying to convey here. This is my humble opinion with my limited knowledge of EW.
Thanks to the chart.

Originally Posted by ;

quote Hi Aariapoor, I am not denying your observation but on the basis of the tide count higher timeframes I am forecasting the current movement on 1 hr. In case you check my previous charts on weekly and 4 hour, then you might see what I am trying to convey here. This is my humble opinion together with my limited understanding of EW. Thanks to this chart.

Thanks for your answer,
Yeah I saw them completely agreed, I mean if I maintain my sell during the retracement and sell even more, or take profit now and find another sell setup?
Due