Thread: Elliot Wave Analysis

Originally Posted by ;

quote Thank you for your reply, Yeah I saw them and completely agreed, I mean if I keep my sell throughout the retracement and sell even more, or make profit today and find another sell setup? Thank you

take partial profits. 60 percent off and put 40% running. In case it goes up sell . That way u are ensured of some profit .

my short-term eurusd analysis.

If you refer my earlier charts, nothing appears to have changed. Dxy is heading upward so eu heading down. Here's an chart.

Hello stringfx,
Could you please allow me to know, in 1H chart of gold, just how can you specify the current tide ?
Maybe it's not fulfilling EW criterias, nevertheless please look to the attached screenshot for opinion point, and you're asked to comment on this.
Due

Interesting thread,what fib instrument you are using and exactly what setting?

Originally Posted by ;

Interesting thread,what fib instrument you are using and what setting?

My dear, I've answered this question on post # 13. I am not sure of what you wish to know. I've asked to get a chart with your fib instrument on the next post but you never came back again. Kindly explain with a picture so that I can understand what it is you're actually searching for. Thank you for the kind words.

Originally Posted by ;

Hello , Can you please allow me to understand, in 1H chart of gold, how do you specify the current wave ? Maybe it is not fulfilling EW criterias, still please look to the attached screenshot for opinion point, and you are asked to comment on this. Thanks image

I shall post my chart afterwards as I am not near my computer.

Hello Mavilakandy,

Here is my opinion on short term gold.

On daily it looks like a finish enlarging diagonal going on a C tide of wave 5. I want to think that A and B wave are over. And trusting that this is a 5-3-5 wave and we are on the last leg of 5 waves.

Dissecting the 5 waves, kindly get a 1-2 and subwave I and ii has been over and now it is on it's 3rd wave then there ought to be a shallow 4th wave and on 14XX to the 5th wave. It will demone a better arrangement when the 3rd wave completes. Of course there'll be a deeper 4th wave after those 5 waves completes and then again a 5th wave. You are not confusing.

Hi, StringFX, we (professionals ) utilize same broker

Can you please take a look at these 2 scenarios also and let me know your view on them?

Gold, Daily:

Originally Posted by ;

Hi Mavilakandy, Here is my view on short term gold. On daily it looks like an ending enlarging diagonal going on a C wave of tide. I would like to think that B and A wave are over. And hoping that this is really a wave and we're on the last leg of 5 waves. Dissecting the 5 waves , I get a 1-2 and subwave 3rd and I has been over and now it is on it's 3rd wave then there should be a shallow 4th wave and on 14XX for the 5th wave. It'll show a better arrangement once the 3rd wave finishes. Of course there will be a deeper 4th wave after these 5 waves finishes...

Hello stringfx,
Thank you for your detailed chart. But it's a bit difficult for me to understand.
Again, thanks for your response.

Originally Posted by ;

Hi, StringFX, we (professionals ) utilize same broker Can you please take a look at these 2 situations also and allow me to know your opinion on these? Gold, Daily: image image

Aariapoor, I am of the same opinion . I prefer your first chart. Here the C tide is a growing diagonal and might end at 1450. This is precisely the same period of the A wave. It may go a little more depending on the arrangement of the internal wave formations.

The second situation is the alternative count that's core bearish and won't stop at the trendline you've shown. I hope a wave 5 down as a wave on your chart are the 4th wave conclusion and this increase would be the second wave upward and will be awaiting to get a 3rd wave down.

2nd situation (bearish count is in the chart... ) Low likelihood