Thread: Elliot Wave Analysis

Originally Posted by ;

quote we're in tight range using euro. Tomm is the nfp and the way this going to play out

nfp is on friday. tommorrow is adp.
I hope for a better number for US and EU should shed further. Please check the chart above for eur/usd. I am only giving my honest views on an EW point of view.

It's possible to state EU is in tight range only on daily and above interval. On hourly it's trending

Originally Posted by ;

quote I'm sorry about that . Additionally, I thought that I am confusing you. If you get a book called Five waves into financial freedom by Ramki Ramakrishnan. Please read it about 10 times. He's laid down the waves theory in a simple layman's language. I think you will understand it pretty well. Clinic the waves and you should be ok.

Hello Sting,
Thanks for your response. I will try to get the book.

Originally Posted by ;

quote nfp is on friday. tommorrow is adp. I am hoping for a better number for US and EU should shed further. Please assess the chart above for eur/usd. I'm just giving my honest views on an EW point of view. You can state EU is in tight range just on daily and above interval. On hourly it's trending

thanks for this but are we going to be in to maintain 1.21538 zone

Originally Posted by ;

quote thanks for this but are going to be in to be in 1.21538 zone

I certainly hope so. My opinion of EW states it, though most of us know it is not going to go there in a direct line. I would sell putting a hard stoploss of how much I can afford to lose and place a tp of 1.2175. My SL will be 1.2307

eurusd short term.

Was expecting a little more down but that didn't happen. Now going up on tide 4 to 38.2 or even 50% (1.2337) and then down for the 5th wave.

downmove into 5th wave following the correction.

Usd cad and oil are moving well to goal...

Check my charts on USDCAD and oil. Waiting for eurusd and audusd to turn down

If eurusd goes to 1.2210 which is 61.8 for the 5th wave, before adp non farm today, anticipate a temporary rise of the pair to 1.2345/ 2370 else it'll go down to 1.2210 and subsequently rise to 1.2345 where iam selling back again. My view with ew.

Will post a chart as soon as I reach my terminal.