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Elliot Wave Analysis

  • #101
  • Mar 8, 2018 6:07am Mar 8, 2018 6:07am
Short term i am expecting a push down 161.8 for a minor 3rd wave. hopefully this will happen after ecb news.
Attached Image (click to enlarge)
Click to Enlarge Name: eushort.png Size: 27 KB
STING
  • #102
  • Edited 10:44am Mar 8, 2018 9:31am | Edited 10:44am
excitement for the day is over... good stop hunting to take it up and then drop it like an anchor

those who kept their shorts on must have gained. anyhow .. we'll see how it goes tomorrow. adr has already reached. there might be a retrace .
Safe trading.
STING
  • #103
  • Edited Mar 10, 2018 1:18am Mar 9, 2018 1:26pm | Edited Mar 10, 2018 1:18am
well ... that was the most important news for the Forex market and nothing substantial was achieved in terms of (big push up or a pull down). After today's news, according to me, Dollar index has already finished a major wave 1 and now is pushing towards a correction for a wave 2. The usual area of retracement is 61.8 or near the 4th wave of a lesser degree. this grind could go on for some months until 95.xx is reached on dollar index. so i think i will be buying all the dips in dollar caused by fundamentals and would be selling all the spikes in other currencies caused by the fundamentals until some important levels are broken on these pairs coz we really can't be concrete in this market
Here is a chart of dollar index..

As per the chart the price could reach the 4th wave or to 50% or 61.8.
this is my 2 cent view. Good luck with your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: dollar index.png Size: 33 KB
STING
  • #104
  • Edited Mar 10, 2018 1:21am Mar 9, 2018 1:28pm | Edited Mar 10, 2018 1:21am
the chart above was actually the first chart i had posted when i started this thread. The invalidation line does not exist as it can move all the way up to start of the firest wave since it is a second wave and not 4th. My mistake.
STING
  • #105
  • Mar 10, 2018 12:18am Mar 10, 2018 12:18am
Quoting stringfx
well ... that was the most important news for the Forex market and nothing substantial was achieved in terms of (big push up or a pull down). After today's news, according to me, Dollar index has already finished a major wave 1 and now is pushing towards a correction for a wave 2. The usual area of retracement is 61.8 or near the 4th wave of a lesser degree. this grind could go on for some months until 95.xx is reached on dollar index. so i think i will be buying all the dips in dollar caused by fundamentals and would be selling all the spikes in...
Thanks for providing the $ index chart with EW description.
That means, as per EW in your opinion, we will never see again the price 1.03xxx level for EURUSD and for long term basis, USD is still in downward trend.
  • #106
  • Mar 10, 2018 1:16am Mar 10, 2018 1:16am
Quoting mavilakandy
{quote} Thanks for providing the $ index chart with EW description. That means, as per EW in your opinion, we will never see again the price 1.03xxx level for EURUSD and for long term basis, USD is still in downward trend.
Yes . That is my view. For a long term trend eurusd is in an uptrend. It will be confirmed totally when usd index will complete this up move and start the decline for the third wave. Again .. this is just my 2 cents not written in stone. Lol
STING
  • #107
  • Mar 10, 2018 2:07am Mar 10, 2018 2:07am
Quoting stringfx
{quote} Yes . That is my view. For a long term trend eurusd is in an uptrend. It will be confirmed totally when usd index will complete this up move and start the decline for the third wave. Again .. this is just my 2 cents not written in stone. Lol
  • #108
  • Mar 11, 2018 1:03am Mar 11, 2018 1:03am
Here is the actual intraday DJI count with the highest software rating.

Sixer
Attached Image (click to enlarge)
Click to Enlarge Name: EW-DJI(60)-9.3.18.gif Size: 34 KB
  • #109
  • Mar 11, 2018 11:49am Mar 11, 2018 11:49am
Quoting Sixer
Here is the actual intraday DJI count with the highest software rating. Sixer {image}
Thanks for this chart. Just wondering if you have any longer term chart on Dow Jones (daily would be great). Thanks .
If the DJI rises, then index is inversely correlated so it should fall which is why i am interested in a longer term chart.
STING
  • #110
  • Mar 11, 2018 4:19pm Mar 11, 2018 4:19pm
Dow Daily with impulse and corrective path , smaller TF will help in direction when we get closer but if B Flat you can pretty much trade all of wave 3 if corrective. Fibs and grey boxes for tgt points
Attached Image (click to enlarge)
Click to Enlarge Name: $DJX.X - Channel - Mar-11 1722 PM (1 day) tgt.png Size: 79 KB
Always Learning
  • #111
  • Mar 11, 2018 4:33pm Mar 11, 2018 4:33pm
Both Thesis also fit within an upward channel
Attached Image (click to enlarge)
Click to Enlarge Name: $DJX.X - Channel - Mar-11 1731 PM (1 day) Channel.png Size: 72 KB
Always Learning
  • #112
  • Mar 12, 2018 1:12am Mar 12, 2018 1:12am
The longest count of the DJI i have.

Sixer
Attached Image
  • #113
  • Mar 12, 2018 5:09am Mar 12, 2018 5:09am
Quoting Sixer
The longest count of the DJI i have. Sixer {image}
Hello Sixer,
As per the chart, major correction may come any time.
Do you have a rough idea about the timing of this major correction ?
  • #114
  • Mar 12, 2018 6:16am Mar 12, 2018 6:16am
The major correction can start 2022 - 13 years from the last low.

Sixer
  • #115
  • Mar 12, 2018 12:21pm Mar 12, 2018 12:21pm
Quoting Sixer
The major correction can start 2022 - 13 years from the last low. Sixer
Thanks Sixer.
  • #116
  • Mar 13, 2018 4:26am Mar 13, 2018 4:26am
great charts and contribution guys. Keep up the good work.

Short term usd index chart. i am expecting a good rally up. i have seen a lot of posts in which everyone is bearish usd in the short term and expecting all other usd corresponding pairs to go up. somehow.. i have a different opinion, but that's me and have been wrong many times before.
here's my view of the us dollar index.
Attached Image (click to enlarge)
Click to Enlarge Name: index.png Size: 33 KB
STING
  • #117
  • Mar 13, 2018 11:40am Mar 13, 2018 11:40am
Quoting stringfx
great charts and contribution guys. Keep up the good work. Short term usd index chart. i am expecting a good rally up. i have seen a lot of posts in which everyone is bearish usd in the short term and expecting all other usd corresponding pairs to go up. somehow.. i have a different opinion, but that's me and have been wrong many times before. here's my view of the us dollar index. {image}
Do you have any alternative chart of USD index, yours or anybody else that you have seen ?
  • #118
  • Mar 13, 2018 1:38pm Mar 13, 2018 1:38pm
Posted are My thoughts on $ Index long term and H4 for short term trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $DXY - Primary Analysis - Mar-13 1432 PM (1 week).png Size: 67 KB
Click to Enlarge Name: $DXY - Primary Analysis - Mar-13 1436 PM (4 hour).png Size: 48 KB
Always Learning
  • #119
  • Mar 13, 2018 1:47pm Mar 13, 2018 1:47pm
i have not changed my view on index yet. i got stopped out of euro at 61.8% but made good on usd/cad and cad/jpy.
the correction has gone deeper on short term. if it goes below 89.32 (last low) then i would wait for 123.6% of wave 1.
I am still expecting it to go up. similar to the situation which jay trader has posted.
STING
  • #120
  • Mar 13, 2018 1:48pm Mar 13, 2018 1:48pm
Quoting mavilakandy
{quote} Do you have any alternative chart of USD index, yours or anybody else that you have seen ?
you will get many views on index chart if you google it or in you tube.
STING
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