Thread: (Euro) Elliott Wave Formations

Please excuse all the typos

Im new here , just started now ....

... the discussion Isn't allowing me
edit my posts for some reason
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some thing like this is happening ....

It may not come to pass -

I am only sharing my perspectives of the market
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Here is another possible problem for the bulls

Multiple immunity at a 618 % Retracement Line

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if Nelson elliot was alive , he talked quite highly
of this job of Fibonacci that the 16th century mathemetion!

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Nelson didn't talk of oscillators
such as Macd , Stochastics Movbing Averages , Bollinger Bands

you understand the bunch ! ....

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So that you dont need them to trade - Elliott Waves Method


depart those oscillators into the backtesters
as well as the machine traders of the Planet !

Here is the graph ....

See the Graph above ....

Can the Euro pierce through 3210 ?

It certainly looks like some kind of ceiling ....

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Fibonacci retracements , How valuable are they ?
YOU BE THE JUDGE !

Until there is a close above 3210 about the 1 hr pubs ....
it apears that the Bears are in control ....

Whats even more intersting is that this happened
very fast friday just ahead of the markets closed !

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Here's the Us Dollar


that is exactly what affects all the currencies -

look at this

Think there is a MASSIVE DOUBLE BOTTOM FORMATION

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Well again , perhaps im wrong - I'm no guru ....
But I've seen all all the charts and theier trends


J.. . .ust posting what I see within this diary ....
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Heres the Us Dollar ....


Usd/ Chf
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Here's a closer look at the Usd Chf ...

usd/chf
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The graph above is 4 hour bar graph ....

Now from looking at those graphs ,
I actually dont find anything else bearish about the Usd Dollar ....

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Just my view of things ....

What is yours ? .... fell free to post

All are welcome !