EURUSD:
The elliott gurus still sticking at the count.
Sixer
The elliott gurus still sticking at the count.
Sixer
DislikedEURUSD: The elliott gurus still sticking at the count. Sixer {image} {image}Ignored
DislikedEURUSD: The Delta cycles count of the EURUSD is indicating that the Elliott count(s) must be probably reconsidered ... The LTD-15 Low (black) turning point middle of oct. 2019 marks the end of the 4-years cycle. Sixer {image}Ignored
Disliked{quote} Thanks Sixer for sharing the counts. sticking to it, too, at the moment, but chances got significantly higher that the count may get invalidated. On your first chart the Elliottican had to place the x label at a convenient place, to justify his count. That is not good labelling practice out of my view. On the 2nd chart the labelling of the x is in my view OK. But then he chose to label the wave down as y wave. Why that? High chance that the whole structure is an ABC-flat, where we are now in impulsive wave C down. Since this wave C now only...Ignored
Disliked{quote} what should I say? ....told you so Now we have to be careful: the latest low may only be the B-wave down of an ABC-flat up. Today's wave down is prone to multiple interpretations - it is not clearly impulsiveIgnored
Disliked...Disliked{quote} conviction gets finally rewarded I kept on buying on the way down. Pity is, that one last order waited around 1.13 but was not reached {image}[/ the red 5 obviously not finished yet. I assumed, that the wave 5 was finished, but now it looks like a somewhat bigger zigzag. Maybe we are near the end of trend down. The sentiment index is very low currently with readings around 13-15% bulls left. After the drop today surly even deeper. Bet is getting very one sided. Partially I have been stopped out of some long positions.IgnoredIgnored
DislikedI prefer the Big Picture from Guru Tiedje. He counts wave "2" as (w)-(X)-(Y) - that means wave "(Y)" has an a-b-c structure too. Sixer {image}Ignored
DislikedIf i use the Long Term Delta turning points (black), i have no problem to realize the Tiedje W-X-Y count. (W) is corrective, no impulse. Sixer Edit: Wouldn`t it be better to count the pattern as A-B-C-D-E as i have mentionend in post #24086 ? {image}Ignored
Disliked{quote} ok, even wxy down may work, but still not convinced :-) ABCDE may work also keep in mind: in ABCDE pattern all is made out of ZigZag in the following count this would be fulfilled {image}Ignored