Elliot Wave Analysis - Page 8
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Thread: Elliot Wave Analysis

  1. #71
    Quote 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

  2. #72
    Quote Originally Posted by ;
    quote Hello , Thanks for your comprehensive chart. But it is a bit difficult for me to understand. Again, thanks for your response.
    I'm sorry about that . Additionally, I believed that I am confusing you.

    If you receive a book called Five waves into financial freedom by Ramki Ramakrishnan. Please read it about 10 times. He's laid down the waves concept in a very simple layman's language. I think you will understand it fairly well. Clinic the waves and you should be fine.

  3. #73
    Quote Originally Posted by ;
    quote I am 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 concept in a very simple layman's language. I think you may understand it fairly well. Practice the waves and you should be fine.
    Thanks, I was running from books, recently couldn't find any good one, hope that this satisfy my thirst

  4. #74

  5. #75
    Sixer, thanks for the info ... Is it available in english? Seems german to me.

  6. #76
    Lets look at eur/usd .

    EU has performed a fantastic move done as anticipated. This chart is very important for me so I am sharing it. Assuming that the fifth major wave is done at 1.2556 (it's still not confirmed as it has not moved below the low of that swing). Assuming the very first wave is done and also the abc correction into the 2nd tide, we can anticipate a significant move down to FE 100 in 1.2073. There might be a temporary halt at 61.8 (1.2227). Next article I can post a shorter term chart

  7. #77
    on a shorter time frame, from the very top, I believe 4 waves are finished and we are on the 5th little wave . In this 5 th wave, we are on it is 3rd wave (as shown in chart). Hopefully, it will complete this small wave 3 by 1.2233 (161.8) will go lower as well. At least it may do 1.2233 in my view. Then a 4th wave to fe 100 1.2272 after which a final drop to complete wave 5 of 5 to 1.2208 or 1.2169 (I prefer the latter). Here's a chart

  8. #78
    short term chart people index.

    I think we are on 5th wave of 3 shown in chart. This should last to 90.13 at least that will be 61.8 (can go higher). Then it can proceed lower to 4th wave and again a rally to get 5th. The below chart is my assumption. Hopefully the big bad boys will not intervene and screw it up

  9. #79
    In the example of eurusd. The average daily range has been already done for the day but I am hoping it will last down a little more.

  10. #80
    Quote Originally Posted by ;
    Lets examine eur/usd . EU has performed a good move. This chart is quite important for me I am sharing it. Assuming that the fifth major wave is done at 1.2556 (it's still not confirmed as it has not moved below the low of that swing). Assuming the very first wave is done and also the abc correction into the 2nd wave, we could expect a significant move down to FE 100 in 1.2073. There might be a temporary halt at 61.8 (1.2227). Next post I will post a shorter term chart image
    we're in tight range using euro. Tomm is your nfp and the way this going to play out

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