The 1.5555 target was the 561.8% projection in Wave iii. That it made it all the way to 1.5573 is still ok as it's the 585.4% projection. Now you need to work out where Wave iv can retrace and I think your 1.5482 level is way too high...

Elliott Wave Trading

Well, I am on holiday but from what I've just seen it does still look like a Wave -b- of Wave -iii-... can always break down but the next upside level (1.5537-55 - should be the higher) will provide a reaction and the subsequent support area then is ...

Elliott Wave Trading

Basically, I think a small adjustment earlier on the development could be seen in a different structure that maintains this recovery as a correction...

Elliott Wave Trading

I think you'll find that count isn't valid. Wave -iii- is never less than 176.4% (or falls short by 1%-2%). I also suggest considering researching into the higher degree bearish count - the downside projections and whether this still may be a ...

Elliott Wave Trading

Equally LOL We're talking about the fall being a deep Wave -b- of Wave -iii-.... once it is complete the Wave -c- of Wave -iii- will develop. See: url

Elliott Wave Trading

But that's not a deep Wave b of Wave iii... That's just a zigzag correction.

Elliott Wave Trading

"Sharp 'B' could be possible only if There is Shallow A." I really can't understand why. Actually, I think it's normally the other way round. Let's say Wave -a- of Wave -iii- reaches moderately close to the Wave -iii- target. If Wave -b- had been ...

Elliott Wave Trading

IF it is... then it's a deep Wave -b- of Wave -iii-. (that's why it couldn't go up to 1.57 this week.) The move back to 1.5750 is my favoured view also as it could keep the Europeans in correlation. The alternative is further painful ...

Elliott Wave Trading

Carry costs are based on interest rate differentials... Well, we've reached the target area but not as accurately as an impulsive target should be. USDCHF was in the right range but I don't like it and sorry Hiren but there was no way Cable was ...

Elliott Wave Trading

I'll add a special offer to FF members if it's of interest to anyone. I am an IB to Worldwide markets. Obviously I get a kick back. If you wish to get my weekly report free of charge then sign up for a live account - but please through my blog as ...

Elliott Wave Trading

Quick learner! Not sure of your data - but I have 223.6% at 1.3306 and 238.2% at 1.3334... otherwise ... I agree...

Elliott Wave Trading

Oh! yes, I wrote 1.5257... thanks - I'll go and edit it back! I do not see triangles in Wave 2. Some people use them because it "looks like" a triangle when in fact they are merely the lower degree Wave i and Wave ii developing - and match later in ...

Elliott Wave Trading

This response is a double one - for Almond Eyes and also Hiren concerning alternation and deep Wave b of Wave iii... OK, here is what I have been following in EURUSD. As I mentioned, I am following two counts although I prefer the direct impulsive ...

Elliott Wave Trading

Well, I had an impulsive target at 1.3257 for around 10-14 days followed by a correction in a minor Wave iv to yesterday's low. So I'm pretty certain that this part is in an impulsive move. There are two options as I mentioned in an earlier post but ...

Elliott Wave Trading

Nice to see everyone trying HEW. I'll just point out that Wave (iii) is rarely below 176.4% and certainly not below 166.7%... The other critically important issue is how this would fit into the larger wave structure. It's not the count I have - but ...

Elliott Wave Trading

For the gold correction I feel the below is a more appropriate labelling. I use the FA, FB, FC to make the identification of a flat correction easy to see rather than have to check whether the Wave a is something more... For expanded flats I use ...

Elliott Wave Trading

From my side it depends on whether they all have correct ratios for each wave. More, I feel that you have to consult the next higher wave structure to see whether the lower wave degree targets makes sense within the higher degree... These two pairs ...

Elliott Wave Trading

Hi Venzen No problem. For HEW counts you need to look at the categories on the left - specifically the weekly forecasts and the videos. In particular the videos go into various foundation aspects of HEW that will help you understand more: ...

Elliott Wave Trading

I'm planning to respond about Wave 3's and alternation later in the week, specifically including the Wave b of Wave iii... (Last week was a nightmare in terms of workload!) I suggest you look at the videos on my blog about how HEW works.

Elliott Wave Trading

Let me clarify a few points about HEW: The aspect that HEW focusses on, specifically, is the relationship between subwaves within corrective waves 2 and 4. I'm afraid this statement is totally incorrect. The relationship between Wave 2 and 4 is ...

Elliott Wave Trading