I don't know if i am stupid, i still can't understand the exact message you are conveying with this chart and explanation. Can you start from the top of how to use this tool properly and what can we achieve in terms of trading whether it's ...

Predicting swing tops and bottoms in any time frame

Can you provide an example on H4 with length of 144 on a swing high and low adding the 288 and 576 length , so that we can understand exactly what you mean. At the moment, it is still unclear as you are not putting the fibo on swing low or high on ...

Predicting swing tops and bottoms in any time frame

Since this is a Thursday and NFP is tomorrow, we might not see a 61.8%, but not impossible. 38.2 is only 15 pips more, There doesn't seem to be any resistance in that spot (38.2) from previous levels, and there is ISM manufacturing ...

Elliot Wave Analysis

In my honest Opinion, DXY is in a correction to the upside with an Orange wave A-B-C to around 96.20 (give a few 15-20 pips). Currently on a 5th minor wave of orange A wave. Most probably it will correct to B wave during the NFP and when everyone is ...

Elliot Wave Analysis

Net positions of USD has flipped to the short side since 15th June as per COT data, and there seems to be accumulation in EURO with the same data. So it seems there might be another minor push down in eur/usd and then a massive push up after the ...

Elliot Wave Analysis

It's actually DXY (Us dollar) where we all revolve around. If we can get the DXY analysis right, most of the pairs become easy to forecast technically. Fundamentals can still make problems according to country wise economic data.

Elliot Wave Analysis

And this felt even Better

Elliot Wave Analysis

That felt GOOD !!!

Elliot Wave Analysis

Ok if you think so ... let's wait and watch ...

Elliot Wave Analysis

Who gave you the idea that stock market is crashing. If you are seeing the recent dip on hourly chart, then that is only a retracement. I am speaking on a daily TF level. Lets think about it again after seeing these charts ...

Elliot Wave Analysis

My Take on Gold Gold has been on an uptrend from march 1st week 2021. If you check these charts, it could give you some clue as to the next forecast on gold daily. The waves have made a couple of 1-2 1-2 and then did a 3rd wave and now has declined ...

Elliot Wave Analysis

My take on today's NFP. although ADP came bullish, i am expecting the US dollar to crash technically. ( i may be wrong and have been a lot before). It seems like we are in a wave 3 with some 1-2 1-2 waves. if this rally crosses 90.89, then i am ...

Elliot Wave Analysis

In which time frame?

Elliot Wave Analysis

This is the present chart count that i am looking at . Looking at DXY also this seems to be a 5th wave .

Elliot Wave Analysis

Yes this is a problem every retail trader undergoes. The institutional traders can exactly see the sentiment of the retail trading and they move the market the way they want. The only edge we have is the COT report . Please check the COT report of ...

Elliot Wave Analysis

yes merka, the alternate count is on now .... Remember we had 2 probabilities, 1) this being a B wave and 2) this being the 5th wave. So since this is a 5th wave up to complete the cycle, we can expect around 110 pips more to the bull side at least ...

Elliot Wave Analysis

no, it's not just you. although the high is still not taken out and i am flat at the moment with my SL being taken out. DXY has broken the low which is a key thing that there is one more low in B wave. This could be the 78.6 retracement. (refer post ...

Elliot Wave Analysis

Eur/usd update In my honest opinion, EU should be going down on the C wave from this moment as it has hit the 61.8 retracement. Dxy also has hit the fib ratio, so i am a seller until 78.6 fib level is broken which will be my SL (1.2114). Here is the ...

Elliot Wave Analysis

eur/usd update. The minimum requirement for wave 2 is done. ADR high is at 1.2058. 38.2 retracement is completed but wave 2 is known to go to at least 50% or even 61.8 % . i have marked the zone with a blue rectangle. It could still go up to 1.2086 ...

Elliot Wave Analysis

eur/usd update : last post i thought 1.1999 was the end of the wave but it seems it needed to hit the 61.8% and it did. which is why it is so important to realize that we should not trade in a corrective wave unless you are scalping with tight stop ...

Elliot Wave Analysis