DislikedHi My30marabaha,
Pls refer my chart for UsdJpy. This pair now every complicated to count waves, so i might be wrong too.Ignored
My 15min chart
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DislikedHi My30marabaha,
Pls refer my chart for UsdJpy. This pair now every complicated to count waves, so i might be wrong too.Ignored
DislikedBlue, there is a good weekly CAD chart showing a large triangle and support level around 1.2050 - look in the news section from James Chen.
http://www.forexfactory.com/news.php?do=news&id=108707
A triangle would suggest a bounce to complete wave E, before crashing down to test a new low over the next few months.
My Eur long was good for 670 pip up to last night, then banked. USD may give a lot more back, but looking for a few clues on a small wave 5 start.Ignored
DislikedBlue, there is a good weekly CAD chart showing a large triangle and support level around 1.2050 - look in the news section from James Chen.
http://www.forexfactory.com/news.php?do=news&id=108707
A triangle would suggest a bounce to complete wave E, before crashing down to test a new low over the next few months.
My Eur long was good for 670 pip up to last night, then banked. USD may give a lot more back, but looking for a few clues on a small wave 5 start.Ignored
DislikedAs you can see I am definitely not an Elliot Waver.
Wishful thinking EW experts?
Ignored
DislikedI got something right here
Should we expect wave 5 or 3 in the coming months?Ignored
DislikedLooks like you got it. Nice to start on the monthly to get your bearings and foundation correct, otherwise it get harder in smaller time frames.
I support your first chart, and am looking for wave 5 up, if 4 is done.
My reasoning is that chart 2 loses the count by getting the "degree" mixed up.
It is like a computer code, where subsets are nested. With just one nesting, it is easy to follow, but when you have 10 nestings, then you have to punctuate your code to avoid an unclosed bracket.
<A>
<a>
</a>
</A>
There are guidelines for degree, and structure in Elliott, which help in learning. Old timers can look at any chart and count waves, including some subsets like an extension (a wave inside a wave - typical in a 3rd wave for forex).
Hope that helps a bit. Keep posting your charts!Ignored