sorry, updated chart down -11 pips.
DislikedNot impossible - I prefer 1.2953-79 but could accept 1.2911.
The following article shows how the U.S. Indices and Dollar are converging to see a major reversal over the coming months: http://harmonicelliottwave.blogspot....-reversal.htmlIgnored
Dislikedim new to elliott wave. i was trading with the trend for the past few days. wish i just left one trade and let it run. waiting on a free fall. not sure why. how do you determine the end of a wave 5 correction.Ignored
can anyone help me in finding out the current wave in eurjpy pair? i am really finding hard to find out in which wave the pair is travelling now.please help me .Ignored
Dislikedyes it is a mess....
on the monthly and weekly it it technically still in correction however it has corrected so far that > 80% that the chances are it is no longer a correction.
Probably easiest to focus ont he lastest moves as there are more tradeable anyway.
So looking at the daily it made a new low 1st June that confirms it is not a correction of the move up from 97.15 to 111.42 so lets treat the current move down as a simple 5 wave pattern and you can see from the chart it appears that we could be on a wave 5. but within that we are on...Ignored
DislikedMax if I am not wrong wave 3 is the largest and according to elliott wave theory wave 4 should not overlap wave 1. but i am not sure abt how wave 5 develops or when it is technically over?Ignored
DislikedGood work, Ian. My harmonic wave analysis indicates a possible topside target for EURUSD at about 1.3300. I see that you called the bottom of the wave iv correction quite accurately. Congratulations. I managed to do the same.
Now we seem to be resuming a fairly forceful upwards drive to either a double top or a new high somewhere higher than the previous high of 1.3170 on September 17.Ignored
DislikedExcellent. The target you mention is around where I have been considering. The Wave (a) of Wave (v) should be above 1.3172 and I suspect a deep-ish Wave (b) of Wave (v).Ignored
DislikedI am now short EURUSD with a target at 1.2785, which is 1.65 pips lower than the recent high today (Thursday, October 11 ) at 1.2950.
My prediction, based on my wave harmonic model (which is of course always subject to revision as the pattern unfolds, but gives me trading opportunities nonetheless), is that the price will bounce off of about 1.2785 and then rise about 650 pips to 1.3450.Ignored