EUR/USD 4 HR. My take on Eur/usd is that ... On daily TF, a 4th wave is completed and i believe that 1st and 2nd wave of the 5th major wave is also done. We have started on the 3rd and quite possibly the largest wave of the 5 wave series. Here i am ...

Elliot Wave Analysis

EUR/USD the opposite of DXY .. .needs a correction to the downside ... probably 50% decline and then shoot up ... mostly will not happen today .. possibility of a weekend gap with some fundamentals. Clear showing of divergence on the chart ... but ...

Elliot Wave Analysis

Looking at dxy ... this looks like an impulsive 5 wave down move. it doesn't resemble a B wave So most probably this could be the start of wave 3 as in wave 1 complete ... now a move up for wave 2.. We have to wait and see to pull the trigger. If it ...

Elliot Wave Analysis

If you are talking about my charts .. yes i am using XM Global. I have a live account with them and also the demo account which is my TE. I have put my big picture (daily count) earlier... here it is again. My expectation for this move down is ...

Elliot Wave Analysis

yes .. good on you !!! It's a possibility that dxy can go up as stated in the chart. but you can start buying small portions even now so that we don't lose an opportunity if dxy plummets down unless you are a very conservative trader. If it goes up ...

Elliot Wave Analysis

If you mean like this ... (please check the chart). always post a chart as it speaks for a thousand words. Yes this is also a possibility. As long as dxy does not break the high of wave 1, good possibility of a 3rd wave down .

Elliot Wave Analysis

Thanks .... can you put a chart as well with your count.??

Elliot Wave Analysis

This is an hourly chart to see the tiny waves within.. The decline in dxy will be completing a tiny wave 1 on hourly ( my take so far). 4 tiny waves seems to have been done so far. Needs a tiny 5th wave down to complete wave 1 of 3. Then we can ...

Elliot Wave Analysis

All major pairs are in bull mode ... but gold is still dormant. I wonder why? dollar Index is selling wild ... the power of wave 3. Waiting for the "Bell" in about 40 minutes .. equities also might soar higher.

Elliot Wave Analysis

On Relative strength for the day, GBP Seems the most powerful today ... check finviz.com performance tab. so if you are buying majors for this 3rd wave fall of dollar, gbpusd will be the best bet.. supported by aud,eur and nzd.

Elliot Wave Analysis

WE are still holding at 61.8 fib retracement level . Hopefully it will revert once some fundamentals hit in and take the dollar lower.. so watch out for an immediate plummet on the dollar. Alternatively, if it decides to go up then that also will be ...

Elliot Wave Analysis

Dxy has done the 61.8% (usual retracement). In this case B wave was very shallow ... so i am not sure if it's going to stop here. I am going to start buying the majors in a small way anticipating the 3rd wave. down. alternatively, if dxy breaks the ...

Elliot Wave Analysis

corrective waves are always painfully slow... keeping an alarm at a price range would be better than watching the screen ...lol

Elliot Wave Analysis

So far so good... DXY has finished the minor 5th of Wave 1 and it seems the A leg of the corrective wave 2 also maybe over. it needs a B leg to come down (i will not be trading this b leg) and up for a C leg in 5 waves to complete the correction of ...

Elliot Wave Analysis

THe chart is playing out nicely

Elliot Wave Analysis

Just the opposite chart in case of eur/usd. I believe 1st wave is nearing completion and 2nd wave should be starting for a corrective wave down. after which we should get a major 3rd wave up . Here is a chart

Elliot Wave Analysis

Last message 2nd chart seems to be working. Hopefully wave 1 completed of the major 5th wave. 2nd wave up has started and hopefully, it might retrace to at least 50% of the 1st minor wave. Notice this is a correction and most probably it will be a ...

Elliot Wave Analysis

It's the end of the week and i am thinking of another possibility. the previous charts that i have posted still seems valid but check and compare the 2 charts that i am posting now. We will have to wait and see . Lets see what happens next week. Any ...

Elliot Wave Analysis

i am an old school R.N. Elliott fan. I only use daily and 4H charts and also use Bill William's Fractal to determine start and end of wave along with Fib levels. The content is still subjective as there is no hard and fast rule which determines ...

Elliot Wave Analysis

Dxy update on 4 hr. Noticeably, very time consuming and painful move up has begun on DXY for the second wave. Expectations are that a reversal for 3rd wave should begin after the retracement to 50 or 61.8%. I will be buying the majors after 50% ...

Elliot Wave Analysis