How about that being a deep Wave b of Wave v? I don't like them... but Wave b's have a mind of their own...

Harmonic Elliott Wave (HEW)

Actually, it was a deep Wave b of Wave v... The 1.3661 - 84 targets remain intact... (I really can't see that drop from 1.3613 being a 5-wave move...!)

Elliott Wave Trading

That was the count I judged incorrectly as the noise in there was deafening... However, I'd suggest the Wave a was at the second peak and not the third. If you look closely in the rise to the second peak there was a single bar pullback that would ...

Harmonic Elliott Wave (HEW)

That's the same SS as I have. Now you can work on the rally from the Wave / [iii] and put that in the section above and see how the Wave v fits in with the Wave [iii]... (of course before getting to Wave [a] you have to go through that also...

Harmonic Elliott Wave (HEW)

Never anticipate H&S or inverse H&S...

Elliott Wave Trading

There is one "stretchy" way it could get to 1.3711 - well, the 261.8% projection in Wave [iii] at 1.3720 but that will require even above the 85.4% projection in Wave v although that would be at 1.3714. These 85.4% are not commonly seen. Actually, ...

Elliott Wave Trading

1.3645 is no longer relevant. The 13621 high was the (green) Wave iii. The maximum this Wave v could be is the 76.4% projection at 1.3694 but that doesn't match a Wave [iii] projection target - thus it's a choice between 1.3661 or 1.3684.

Elliott Wave Trading

Yes, I did start around 10 years ago on FXStreet. I hope you've found them useful although the methodology has obviously changed a lot... I've been posting on here for 2-3 years also on an occasional basis. People on here are more amenable to ...

Harmonic Elliott Wave (HEW)

Try the following and check out on the spreadsheet:

Harmonic Elliott Wave (HEW)

As an update so far... We now need a Wave b and then Wave c higher to reach either the 223.6% or 238.2% projection in Wave [iii] at 1.3661 or 1.3684. This should be followed by a Wave [iv].

Elliott Wave Trading

That's a nice idea and I'll try and support you guys. I would like to continue on this thread a little more as we're mid-count in the Euro and would like to see this through to demonstrate HEW to the others for their consideration. (It's mentally ...

Elliott Wave Trading

Price only... and with ratios relevant to that wave... As far as I can see there is no time factor in EW. That has to be determined by other means. EW/HEW is a price indicator only and should be used in conjunction with complementary indicators such ...

Elliott Wave Trading

CEW rules remain the same: Wave 2 will not move below/above the start of Wave 1 Wave 3 will never be the shortest of Waves 1, 3 & 5 The extremes of Wave 1 and Wave 4 will never overlap Plus HEW rule: Wave (iv) will not break the Wave (b) of Wave ...

Elliott Wave Trading

Downmove related 61.8% of what? Anyway, I'd suggest forgetting 61.8% - it rarely ever occurs... There is one alternative I have seen. I don't like it but it's worth watching if this breaks below 1.3518 - and that's the 76.4% retracement in Wave of ...

Elliott Wave Trading

Indeed... that was not pleasant! The bullish structure is hanging on by a thread and cannot take any break below 1.3518. I have noted that the (green) Wave iii - if I take the following high at 1.3478 instead of 1.3476 (which I debated with myself ...

Elliott Wave Trading

ABC ABC-X-ABC ABC-X-ABC-X-ABC I don't use the radio station stuff Prechter seems to have "invented" "Hi this is radio WYZ coming to you over the airwaves..."

Elliott Wave Trading

I tell you what I do... When I look over a wave count, just labelling them ABC takes more time to absorb. For flats I use FA, FB, FC For expanded flats I use EFA, EFB, EFC For triangles I use ^A, ^B, ^C, ^D, ^E It makes the counts obvious by just ...

Elliott Wave Trading

Ha! I'm not a genius! I'm just a nerd. What happened is exactly what I wrote in the book. I became so frustrated with the common wave relationships never really working, never knew when waves would end, never knew when a wave would extend that I ...

Elliott Wave Trading

There are three sections in the spreadsheet. If you add another worksheet (as I do) you have 6 sections. Then think of the wave degrees. (in anything - not using the Euro in particular. At the bottom put the higher wave degree. Let's say we're ...

Elliott Wave Trading

An hourly chart hides much of the development. That's why I use a 5-min chart for my base analysis. It is imperative that each leg develops in the right structure with appropriate ratios. The way CEW has developed is that people (including Prechter) ...

Elliott Wave Trading