No comments on whether the view is right or wrong but the first labeling of "1" means you expect losses... If you mean that you are looking for a rally then that should be a 4 or a (b) then where you have "2" it should be "1" and where you have "3" ...

Elliott Wave Trading

When you are talking about retracements then it is from the beginning of the wave to the end. Wave ii will be a retracement of Wave i. Wave iii will be a projection of Wave i from the completion of Wave ii. Wave iv will be a retracement of Wave iii ...

Elliott Wave Trading

OK, well that's not a Harmonic EW count...! In my approach there are no extended waves and no failed fifths. That makes life a lot easier. I don't touch EURCAD so have no idea of the ratios but on the assumption that this will continue lower I'd say ...

Elliott Wave Trading

Nice to see a Harmonic EW count! It is quite rare seeing a 161.8% projection in Wave iii. In fact the ratio of the count you have is closer to a 166.7% projection... The normal minimum is 176.4% but often as not is more... I had been looking for ...

Elliott Wave Trading

As EW is currently practiced, yes, it is next to nearly impossible to forecast with it as there is no clear way to work with extended waves consistently well. When I see a count that has a small Wave 1 followed by a massively extended Wave 3, mini ...

Elliott Wave Trading

Harmonic Elliott Wave structures... Excellent!

Elliott Wave Trading

Just wanted to let you good folk know that I'm about to get tied up for a while - first organizing & presenting an HEW training webinar, then an overseas trip and when I get back a move of house... Therefore apologies if I don't appear that often!

Elliott Wave Trading

I think it's going to top out between 12,285-12,335 over the coming 1-2 weeks... Look for 10K+ ...

Elliott Wave Trading

Who knows, I could be wrong. However, I've given you the exact reasoning with ratios for my wave count. It would be nice to have your wave count in the lower degree with ratios. One question if I may... Do you normally see a Wave c of an expanded ...

Elliott Wave Trading

At the end of the day... — Hi All.... Lots of questions and observations... Here is what I have and I'll try and respond to all the questions/observations... First the entire 5-wave move: image Now the ratios for the count: image I don't ...

Elliott Wave Trading

Halleujah! At last... Yes, it finally stalled at the 85.4% projection in Wave -v- (from the 1.3243 Wave -iv- low) and the 85.4% projection in Wave v of Wave -c- of Wave -v-... There is every chance that it could go below 1.30. I'm open to either way ...

Elliott Wave Trading

Thanks you... but Elliott was the genius. I could have chosen to call this by another name like NeoWave and NewWave etc but I have only made one change. The rest I could not have ever managed to work out. I have been accused of disrespecting R.N. ...

Elliott Wave Trading

Don't worry, it takes time to adjust! The difference between (say) a triple three and an impulsive wave (ie both 3-3-3-3-3) is normally dealt with by ratios. In a triple three it is very unusual for the 3 sets of ABC moves to be related to each ...

Elliott Wave Trading

Ah yes, but you have the Wave v in a diagonal triangle - which is fine from Elliott's original structure but in the Harmonic it can only happen where there is a 5-wave structure - and that's in a Wave A or C... Harmonically the structure remains the ...

Elliott Wave Trading

Apologies - it looked like you were presenting my count and suggesting it may fail... From what I've seen so far it is favoring follow-through to the 85.4% projection in Wave v (of Wave -c-) and in Wave -v- at 1.3749-54... The 1.3650-60 area must ...

Elliott Wave Trading

Hi Jeff Well, you'll be surprised how many times that kind of Wave -ii- occurs. I tend to call it a hook Wave -ii-. It does raise the importance of identifying Wave -i- and -ii- as unless these are identified the Wave -iii- & -iv- then become a ...

Elliott Wave Trading

Definite possibility. Personally I don't see Wave v developing in 5's... still only 3's. The refusal to go down is frustrating me having reached just short of the 76.4% projection in Wave v. It makes me wonder whether it can get closer to the 85.4% ...

Elliott Wave Trading

Please go back and re-read my posts. Especially the EURUSD & Dollar Index of the last few days... I totally disagree with Elliott's original structure which I feel was a misjudgment. Wave relationships work with a hybrid of the Dow Theory and ...

Elliott Wave Trading

Well, your count is not what I have indicated so far... Mine is this: image The rally from 1.3539 was rather weird... not at all clear. It could be a Wave v to finish the whole sequence falling short of 1.3700-05 or it may have been Wave a and the ...

Elliott Wave Trading