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EUR/USD Extensive Elliot Wave Analysis 1 reply
GBPCHF Buying Wave (V) Elliot Wave 0 replies
Elliot wave Analysis in stocks 106 replies
Elliot wave analysis - Multiple pairs 8 replies
Rao Journal: Elliot Wave Analysis 38 replies
Disliked{quote} Of course. I determine the end of a wave mainly by the pattern. I focus on counting the impulsive waves cause it's much easier to count. The corrective wave are more complicated, so I always have 2 to 3 different counts for them. I don't use fibs a lot though. The most frequent ratio I use are 0.5, 0.618, 1 and 1.618. As of how I figure out the number of 92.61, you can see in my charts below. I have the experience that the corrective wave sometimes ends at the area of wave 2 in the previous impulsive wave. That's how I come up with the number...Ignored
DislikedOn a shorter time frame, EU has probably done the first wave according to fibs. Now possibly going down for a second wave. will wait for a retracement to at least 50% before buying again small lots until a breakout from the first wave, when bigger lots are possible for a 3rd wave. Here is a smaller TF chart. {image}Ignored
Dislikedeven after the good figures of nfp and rate of earnings and also unemployment change, not much of a change happened in price, this only proves that the big boys are still buying. it might go a little more down to attract retail to sell. try not to get lured into selling. staying out of the market will be a better choice.Ignored
DislikedAll eur/usd tp's hit. will wait for some retracement to buy some more.Ignored