I have a little lower target for DX to cool off (possibility). Check the chart fontu, the rest of my analysis matches perfectly yours.

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I don't want to duplicate comments because it might seem that I copy someone viewpoint... @hesron beaten me to it today... url

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mbrown take the wild guess, come on mb you know how I trade ( we used to post similar charts, you with PF and I with channels)...Yes, I am bullish on GU...

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no personal viewpoint, just the charts...

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just the charts...

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Moty, be always prepared for more BS with PA...Friday PA gave the warning that it might be B (corrective wave) at the end of the day.

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xristos, please check this out... Elliott wave rules: Rule 1: Wave 2 can never retrace more than 100% of wave 1. Rule 2: Wave 4 may never end in the price territory of wave 1 (I use closing prices on a daily chart, allow penetration on intraday ...

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Always trade your plan...

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You can always come up with an alternate count of waves, this is not foremost important for me. Fibonacci relations between the waves, it's what I care about. Price can always go higher/lower.

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xristos, please don't mess up my charts, post your own. Thank you. Note my signatures under my posts.

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Yes, 1.2588 will be bi(a)tch to take out...but it's the market anything can happen.

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Moty, nicely done...congrats. Now you have to repeat today's performance at least 50 times...GU reached textbook objective for today.

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Moty, monitor closely move from 4 to 5 because PA is typical for correction (overlaping sections/swings) only possible scenario for W:5 is ugly diagonal wave...Take care.

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Thanks, Neil, I got this covered...

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Neil0163, for us Ellittisions, when the market overcomes the biggest ret in price and/or time from W:4 to W:5 we consider W:5 in place. The confirmation comes when the market will trade above 1.2540...Yes, I also pay attention to 1-2-3 reversal ...

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Moty, you are impossible...but hold the horses ...

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Moty, I know I sound like a broken record (this is the second thread we post together) but I will say it again. Many patterns we forecast using Elliott Wave Principal don't come out as we predicted, so what is the problem to take -3 or -5 pip/points ...

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W:4:5 taken out, more to go...

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Moty, very tight TP if you think about W:4...but I can always be wrong...Trade your plan.

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Moty, my hero again...congrats.

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