Harmonic Elliott Wave (HEW)

XAUUSD 1H Chart:
Correction ending?
Cheers, U2

FTSE 100 Update.

Nothing much has changed since the last post in February. I am still expecting a strong move down to the February 2016 lows. The lower degree moves are not giving up much information but we are in an area for a wave i, but a new high can't be ruled out.

The NASDAQ 100 high on 8th June was 5 points short of a 338% projection in wave iii. Possible wave iv between 4272-4745, before a final high.

EURUSD 4H Chart:
Cheers, U2

Posted on the EU thread:
https://www.forexfactory.com/showthr...8#post10204018
Cheers, U2

FTSE 100 Update
Since the end of May top to bottom movement has been restricted to 400 points.
The possibility of a move back to the February 2016 lows to complete an expanded flat correction wave (iv) is still on. Maybe new highs first.
Cycle commonality across multiple markets should bring the FTSE/DAX/NASDAQ 100/S&P/DOW/NIKKEI to a wave (iv) position before a final high over the next year or two.

FTSE 100 Update

The FTSE 100 has now expanded 22% above the 1999 high, measured against the 2003 low. One option is that this is a very long expanded flat which is coming to a conclusion. This would also be the case for the NDQ 100/Composite. The NDQ 100 has expanded by 46% from the 2000 high which is on the extreme side.

DOW Futures possible all time 5th wave top 26230?

Hey guys, I was wondering how your experience has been with HEW. I'm thinking of taking a look at it but it looks quite hefty and I'd like some opinions before getting into it.

Super accurate and works well on the big boys instruments....Ian's spreadsheet. ..owe ya Ian.....owe ya for giving us that one...

My HEW Update:

expandet falt is invalidated by the development form today I think.

My HEW Update:

I think we now are facing a triangle. Be carefull... at the end a triangle could be transform into a Flat

My HEW Update:

The possible triangle form yesterday was invalidatd today!

I think the next session will be a bullish one...forming the wave-a of the zigzag from the current double. This double must end below 1,1433. I guess it's gone be a close call! If the double is finished we are ready to form the foundation waves for the move down in the green wave c/iii

My HEW Update:

we did not see the double I tought yesterday.
Well then the green wave-b must be seen at 1,1419
now we saw the wave-i and ii (red count) from the 5-wave move down for reaching the wave c/iii. that must be around 1.1103

Here my HEW-update:
And finally I have a much better look on the last developments from (27 dec. until now!) and it gives me even a stronger believe my bearish count is correct!


I was looking to the last developments from 27 dec to now.... I really coudn't make sence out of it.....everywhere I saw corrections (ZigZags) and no further development!

Suddenly the lightbulb gives some light here!! We see now a wave-ii, an abc with the wave-b as a complex correction (a triangle)...

I try to explain....
We saw the green wave-i @1,1267.... then I expected an abc towards the green wave-ii.
-firstly the wave a @1,1402...so far so good....but then the madness of indecision starts!
-then we saw a wave-b as atriangle(!) the final triangle leg-^e is @1,1358 (red ^e)
-now we are in the last wave-c (started @1,1358) for finishing the wave-ii at (following estimated value at 1,1471-89) => that is just below or just above the wave-ii @1,1472(!) that means probably I have to switch in another count...then we posiibly have some room upside.

Well le't wait what happend in the next session!

And yes...if we currently see a correction then we must see an impulsive move afterwards => and so that must be down! So if we are (i guess tomorrow) in the area of 1,1471-89 (finishing the wave-ii) then the (in my eyes the in the end dramatic) down-move down can start....! or is there also room for an extra zigzag......before the fall can start.....? If so then I can see indeed an upwards move towards....1,1600-1750.... but first things first.... and start with tomorrow

ps: the levels you find in the excel sheet are estimates.... and can change depending on the development(!)

Here is my HEW update:

It looks if my bearish count was indeed correct. All the work I did in the weekend was for nothing....in the end
Anyway we now have a (green) wave ii @1,1443 and are saying beybey to this level.... well I think we come back towards 1,1352 in a retracement but that's it.... I think it's a shame and dramatic for the EURUSD but unfortunately that is what my HEW count is pointing to......

Currently I think we saw the pink wave iv....but there is some extra move towards the daily pivot possible... see the excel sheet for my current targets.

Here is my HEW update.
Well I don't now what I was doing yesterday...But I came up with a 5-wave move....with ending above the green wave-a/ii....well that can't be right. at least this wave must end below the last a/iii!!
So I did correct this.... I am looking for the green wave-c/iii and that exist out of 5-waves.
I think we now saw the pink wave-i.... the wave-ii is forming now .... I think we now see a wave-a here... I can't make an abc out of it.... Out that is following that we see here possibly a deep wave-ii before the real down-move can start.

Here is my HEW Update.

I put my pink count much to bearisch yesterday!! If I had a better look at the higher degree wave I must had saw it....
anyway....I thin we now in the pink c/iii... I'm not sure if this wave is indeed holding around 1.1236 because the lower degree is pointing towards 1,1325-11 but if I follow the higher degree waves I think a.1236 wouldn't be a bad level....

from the other side....because of that my levels in lower degree in conjunction with the higher degree wave have too much deviation...it is maybe also possible my expectation isn't correct and we see here a (expanded) flat here.... I think I try to prepare for a (expanded) Flat here.... if the count is pointing to that in the coming session.

EDIT 09:22 on 14-12
I changed my purple count into and with that the pink count changed a little....
EDIT 13:01 on 14-12
purple target progression ...target is changed because of the short wave-b. That's why I placed a new screenshot , target @1.1163

Here is my HEW update
It looks the pink count is holding nicely...atm I'm searching for the pink wave c/iii (I expect it around 1,1194-78)
Currently I think we saw the wave a/iii (purple) from c/iii (pink). I expect this is a deeper wave-b here... possibly around 1,1344 max 1,1357.
Then the way down is free again....

Hi Guys.
looking at 4hourly, Looking at current wave C pushing through to 1.1250.
Will try post charts when back on PC operating from mobile atm.

went short EURUSD at 1.13490 with a 25 pip SL


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