Elliot Wave Analysis | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Elliot Wave Analysis
Exit Attachments

Elliot Wave Analysis

  • #41
  • Feb 22, 2018 11:31am Feb 22, 2018 11:31am
I am not into SPX but after the request, i started off with the monthly chart and then weekly.. and on a daily chart (posting here). this would be my analysis (not confident) as i do not trade this instrument.
Attached Image (click to enlarge)
Click to Enlarge Name: sp500 daily.png Size: 22 KB
STING
  • #42
  • Feb 22, 2018 10:00pm Feb 22, 2018 10:00pm
Quoting stringfx
I am not into SPX but after the request, i started off with the monthly chart and then weekly.. and on a daily chart (posting here). this would be my analysis (not confident) as i do not trade this instrument. {image}
Thanks!
Buy low, sell high.
  • #43
  • Feb 22, 2018 11:03pm Feb 22, 2018 11:03pm
stringfx,

in a normal impulse, interseption of wave i and iv are not allowed.
Here are the two exceptions.

Sixer
Attached Images
  • #44
  • Feb 23, 2018 12:44am Feb 23, 2018 12:44am
Hello Stringfx,
Thanks for sharing your knowledge of Elliot Wave theory.
Could you please let me know your view point on EURGBP daily chart ?
Thanks,
Mavilakandy
  • #45
  • Feb 23, 2018 7:10am Feb 23, 2018 7:10am
Quoting Sixer
stringfx, in a normal impulse, interseption of wave i and iv are not allowed. Here are the two exceptions. Sixer {image} {image}
Yes of course. apologies ... here's my second take on it.
Attached Image (click to enlarge)
Click to Enlarge Name: spx daily.png Size: 30 KB
STING
  • #46
  • Feb 23, 2018 7:27am Feb 23, 2018 7:27am
Quoting mavilakandy
Hello Stringfx, Thanks for sharing your knowledge of Elliot Wave theory. Could you please let me know your view point on EURGBP daily chart ? Thanks, Mavilakandy
EURGBP is in a consolidating stage on higher time frames. I want to believe that on monthly 5 waves up is completed as it has done 38.2 of the entire move up.. now there is probability that it can go up further. At the moment it seems bearish to complete the retracement but i would stay away and not trade this pair until a clearer picture is derived. it will need to correct to 38.2 so this is what i think ...
Again not an expert .... so take care.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 57 KB
STING
  • #47
  • Feb 23, 2018 10:17am Feb 23, 2018 10:17am
Thank you very much Stringfx.
  • #48
  • Feb 24, 2018 8:08am Feb 24, 2018 8:08am
EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_D1_EW.png Size: 1.0 MB
  • #49
  • Feb 24, 2018 1:07pm Feb 24, 2018 1:07pm
Good chart Johann.
Very high probability for this to happen This also means that eur/usd is very bullish after the correction. I think nearly all currency against USD is having almost the same scenario. This correction should yield quite a number of pips, so i will be choosing the one with the least strength against USD. At the moment i think it is AUD.
Good luck with your trades.
STING
  • #50
  • Feb 24, 2018 1:37pm Feb 24, 2018 1:37pm
i was expecting a a-b-c correction in oil to almost 55 but last weeks closing of oil has changed my view to core bullish on weekly chart. Here is a weekly chart
Attached Image (click to enlarge)
Click to Enlarge Name: oil24febweekly.png Size: 36 KB
STING
  • #51
  • Feb 24, 2018 1:43pm Feb 24, 2018 1:43pm
For comparison, the EWI count (weekly) of oil from beginning of feb 18.

Sixer
Attached Image (click to enlarge)
Click to Enlarge Name: cl-w.gif Size: 17 KB
  • #52
  • Feb 24, 2018 1:43pm Feb 24, 2018 1:43pm
oil on the daily chart seems to have completed wave 4 and wave 5 is in progress. Here is a daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: oil24febdaily.png Size: 44 KB
STING
  • #53
  • Feb 24, 2018 1:57pm Feb 24, 2018 1:57pm
digging down to a 4 hr chart, oil seems to have completed 5 waves with a 61.8 fib of the entire move (Wave 1) which means there could be a correction downwards .
Attached Image (click to enlarge)
Click to Enlarge Name: oil4hr24feb.png Size: 34 KB
STING
  • #54
  • Feb 24, 2018 2:04pm Feb 24, 2018 2:04pm
The correction (if a simple one ) could bring prices down to 61.8 or even 50% maybe even lower.. then a rally for the 3rd wave up.
Just my 2 cents . Trade safe and i could be wrong again....
Attached Image (click to enlarge)
Click to Enlarge Name: oil24feb4hr.png Size: 30 KB
STING
  • #55
  • Feb 24, 2018 2:11pm Feb 24, 2018 2:11pm
[quote=Sixer;10812577]For comparison, the EWI count (weekly) of oil from beginning of feb 18. Sixer {image}[/q

Thanks for the chart sixer.
STING
  • #56
  • Feb 24, 2018 2:42pm Feb 24, 2018 2:42pm
another weekly perspective for a bullish oil.
Attached Image (click to enlarge)
Click to Enlarge Name: oil weekly.png Size: 51 KB
STING
  • #57
  • Edited Feb 25, 2018 5:25am Feb 24, 2018 4:33pm | Edited Feb 25, 2018 5:25am
Nice thread Stringfx, hope you dont mind my post, on your oil chart we are coming into an area where you may want to use caution, and Have posted an alternate, as is my habit in EW to always have an alt path , just in case wave 4 may not be complete due to alteration wave 2 was a straight forward correction so wave 4( or as I have labeled as the black circle B ) may turn out to be more complex.
Attached Image (click to enlarge)
Click to Enlarge Name: @CL - Primary Analysis - Feb-24 1729 PM (1 day).png Size: 60 KB
Always Learning
  • #58
  • Feb 24, 2018 8:10pm Feb 24, 2018 8:10pm
AUDUSD
My analysis
in correction state wave C. It can be any length using Fibonacci expansion to measure.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_D1_180225.jpg Size: 531 KB
  • #59
  • Feb 25, 2018 1:05am Feb 25, 2018 1:05am
Additional infos to the Long Term cyle(s):

You should take into consideration that cycle(s) of the Commodities (e.g. Oil, Gold) is as follows:

Bull Market: 10 years (1998-2008)
Bear Market: 20 years (2008-2028)

The bear market of Crude Oil will still last another 10 years.

Sixer
Attached Image (click to enlarge)
Click to Enlarge Name: D-Crude Oil(M)-25.2.18.gif Size: 59 KB
  • #60
  • Feb 26, 2018 12:56am Feb 26, 2018 12:56am
Alternate bearish scenario for WTIoil :

This is the 5th wave of the C leg of 4th wave and it goes up and stops short of invalidation point of wave 1 territory then turns down massive for wave 5.
Once it crosses the invalidation point, it's going a lot up.
Attached Image (click to enlarge)
Click to Enlarge Name: oilweekly.png Size: 63 KB
STING
4 traders viewing now