Good on you !! and thanks for your analysis .

Elliot Wave Analysis

Now breaking this down into an hourly chart, i am pretty convinced that this might go to 50% (1.1973 +) before a reversal. remember we have monetary policy , Rate decision and also ECB press conference today, so the hedge funds will be waiting and ...

Elliot Wave Analysis

morni'n Folks .. Firstly thanks for all your contribution ... Now on a daily timeframe on EUR/USD, I believe that we are on the C leg of a correction. we seem to have completed 1st, 2nd and 3rd wave of this C leg, now approaching the 4th ...

Elliot Wave Analysis

Great ... Nobody will say that you are a beginner.

Elliot Wave Analysis

I trade with XM and IC market.

Elliot Wave Analysis

Brilliant ..!!!!!! Now go to a lower timeframe like 4 hr and see if wave C is completed or not .. today's homework !!! Try to count 5 waves in A and 3 waves in B and 5 waves in C

Elliot Wave Analysis

There is good possibility of a bounce when dxy reaches 38.2 retracement. ( in this chart 61.8 coz i drew it upside down .) or the 4th wave. We should be able to get the 5th wave up after that. will update once 4th wave ...

Elliot Wave Analysis

i have posted this before ...

Elliot Wave Analysis

on a shorter time frame (4Hr) This might be the end of the 3rd wave as price is approaching FE 100 expansion. It can go to 161.8 as well but Fe 100 is also a strong resistance. We could go down for a 4th wave and then up for the 5th.

Elliot Wave Analysis

This, according to me is the start of a very huge correction (2nd wave). Most probably, it might end at 50% (96.47) of the last move or it may move further up to 61.8% (98.19). Could also go more higher but it is usually 50-61.8 %. If this ...

Elliot Wave Analysis

On Eur/usd H4 chart ... I am sure the week would start off with a gap down but i am still a bit worried about this channel as it bounced exactly on the lower channel. unless that breaks and H4 candle closes below, no more sells . That is an ...

Elliot Wave Analysis

yes that's a possibility.. thanks

Elliot Wave Analysis

This Corrections on gold has taken a lot of my money so far... Hopefully i have this correct count now. Expecting one more X wave to 50% and then a Y wave down to finally complete the correction for a very good move up.

Elliot Wave Analysis

similar scenario in Eur/usd Third wave expansion targets are defined in the charts .. 1.1861 is FE 100 . It might probably go more down to 161.8 which is at 1.1705 Chart :

Elliot Wave Analysis

Looking at the confluence of fibs between major and minor waves for Dxy, (if you check the chart). I have drawn an expansion for the major wave 3 ending at FE 100 which is at 92.34, while drawing the minor wave expansion from wave 1, i get a ...

Elliot Wave Analysis

looking at the impulsive nature of this wave it surely looks like the start of a 3rd wave. so our strategy should be to buy the dollar on dips. In any case lets dissect this wave and see possible targets ...92.34 seems the 1st stop coz it is a 100% ...

Elliot Wave Analysis

Hi folks .. With last night's Powell speech, Dxy surged ahead breaking the high . Now in the current scenario, there can be 2 viable possibilities.. this could be the fifth wave of the 1st major wave as the decline to the 4th wave was almost perfect ...

Elliot Wave Analysis

Thanks for the kind words buddy... I share my 2 cents whenever possible. Glad that you are getting the concept... although a highly subjective topic with so many possibilities and probabilities, we have to keep trying ... i mean, before i post here, ...

Elliot Wave Analysis

Now this thread is getting better with ideas pouring in from many of you . this is an Interactive thread ... so Interact guys!!! ... let me know your ideas as well. Let's make a lot of money

Elliot Wave Analysis