Harmonic Elliott Wave (HEW) | Page 44 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Harmonic trading-harmonic patterns 527 replies

Elliot wave, Harmonic And Ichimoku in CHINESE STYLE 8,898 replies

Mehrdadovic Elliott and Harmonic Based Trading Journal 3 replies

The Basics of Elliott Wave Theory 128 replies

Harmonic Wave Journal 1,285 replies

Attachments: Harmonic Elliott Wave (HEW)
Exit Attachments

Harmonic Elliott Wave (HEW)

  • #861
  • Dec 17, 2018 4:24pm Dec 17, 2018 4:24pm
Here my HEW update:

Well today seems to worked out... altought the high @1,1358 is at an extreme...

I checked if there is possibly another count. well they both point out to the downside and first stop is in both scenarios around @1,1249.
(I also have a possible triangle scenario...but I believe there is something wrong in the triangle ^A leg...So I think I can skip that one!)
So I take this an try to follow the the intern count and hope I can pick up the correct one.

BTW: If price goes above the 1,1358 then there is something wrong in the count!

For now I follow the one I uploaded below:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 352 KB
You can manage risk, but you can't manage the return
  • #862
  • Dec 18, 2018 2:45am Dec 18, 2018 2:45am
Quoting HappyMe
Here my HEW update: Well today seems to worked out... altought the high @1,1358 is at an extreme... I checked if there is possibly another count. well they both point out to the downside and first stop is in both scenarios around @1,1249. (I also have a possible triangle scenario...but I believe there is something wrong in the triangle ^A leg...So I think I can skip that one!) So I take this an try to follow the the intern count and hope I can pick up the correct one. BTW: If price goes above the 1,1358 then there is something wrong in the count!...
Well something is definitely wrong here.... I'm now looking to my Scenario II, the Triangle option can become maybe actual .... maybe not...?!?! ...but then this move up musn't move above the 1.1387. It can but...then it also become quit quickly an extreme...

Besides that I thought the move in leg ^A wasn't a simple abc but an complex correction. In that case it can't be a triangle.... or this triangle morph into a (expanded) Flat it's also a more bearish outlook then I already had...

... I'm lost a little atm....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 9 KB
Click to Enlarge Name: Image2.png Size: 68 KB
You can manage risk, but you can't manage the return
  • #863
  • Dec 18, 2018 2:52am Dec 18, 2018 2:52am
Quoting HappyMe
{quote} Well something is definitely wrong here.... the Triangle options becomes maybe actual again.... maybe not...?!?! ...but then this move up musn't move above the 1.1387 because then this is also again an extreme... Besides that I thought the move in leg ^A wasn't a simple abc but an complex correction. In that case it can't be a triangle.... or this triangle morph into a (expanded) Flat it's also a more bearish outlook then I already had... ......
I am with you on this one, more so looking at the bullish drive up now as london opened, however im going to wait for the current hourly close to redo the count depending on where the nextr hour closes.
4&1 All Time Profit: $37,496
  • #864
  • Dec 18, 2018 3:12am Dec 18, 2018 3:12am
Quoting MzansiObi
{quote} I am with you on this one, more so looking at the bullish drive up now as london opened, however im going to wait for the current hourly close to redo the count depending on where the nextr hour closes.
But I placed the yellow wave a lower here.... will it fits... not as nicely as the scenareo I count.

Well indeed let's wait!! But also here it must come down
You can manage risk, but you can't manage the return
  • #865
  • Dec 18, 2018 6:34am Dec 18, 2018 6:34am
I have the feeling that this is gone be a flat for the light blue wave ii.....

Curious what is happen next....
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 71 KB
You can manage risk, but you can't manage the return
  • #866
  • Edited 3:37pm Dec 18, 2018 2:38pm | Edited 3:37pm
Here is my HEW update.....

Well what a day...the count broke... and actually there is no other simple solution anymore for fixing the issue. So more regurious action we needed. 2 weeks I alread looked for other options and one of them is a triangle. an other one....the Flat version isn't fitting after today. So I think I forced to switch to the Triangle option (scenario II)

Below you can find the estimated projections.... and the count.
I think the triangle leg ^E was today reached @1,1402 this is also the yellow wave b/iii....

Besides that we are probably standing for a real dive....there is actually noting to say because we first need the foundation waves i and ii at least the 1,1402 mustn't break!

and maybe....we saw the wave i and ii of the wave a of the yellow wave c/iii (look for the green count excelsheet)

Maybe more important is ....is the new proposed structure the correct change....


think tomorrow is an important....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 7 KB
Click to Enlarge Name: Image2.png Size: 76 KB
Click to Enlarge Name: Image3.png Size: 5 KB
You can manage risk, but you can't manage the return
  • #867
  • Dec 19, 2018 1:15am Dec 19, 2018 1:15am
Quoting HappyMe
Here is my HEW update..... Well what a day...the count broke... and actually there is no other simple solution anymore for fixing the issue. So more regurious action we needed. 2 weeks I alread looked for other options and one of them is a triangle. an other one....the Flat version isn't fitting after today. So I think I forced to switch to the Triangle option (scenario II) Below you can find the estimated projections.... and the count. I think the triangle leg ^E was today reached @1,1402 this is also the yellow wave b/iii.... Besides that we are...
Looking at daily chart counting 1st wave from 1.21940 have got 5 waves down wave 5 ending 1.13453.
Corrective abc with 'a' wave starting around 1.17690 wave B 1.12285. Price may still consolidate on lower time frames and form subwaves but have projected wave C pushing up to 1.1600 give or take.
4&1 All Time Profit: $37,496
  • #868
  • Dec 19, 2018 2:03am Dec 19, 2018 2:03am
Quoting MzansiObi
{quote} Looking at daily chart counting 1st wave from 1.21940 have got 5 waves down wave 5 ending 1.13453. Corrective abc with 'a' wave starting around 1.17690 wave B 1.12285. Price may still consolidate on lower time frames and form subwaves but have projected wave C pushing up to 1.1600 give or take.
I think you are right! Mann.....retracements are sometimes really a pain

I already saw the bullisch higher degree count. But I could not find the lower degrees mach here.... until this morning

Here is the bullish count... I think this is valid now!

So we saw the yellow a/iii @1,1216
Then an abc (probably the start of a double..... currently running)
Now we are facing a wave x => as a triangle: now in leg ^d for a run to 1,1420 then a run in leg ^e to 1.1348-34
then we still need a final(?) abc towards probably around 1.1604 => this is then probably our yellow wave-b/iii

Then the bearisch side can start again....

I believe this is the coming path now!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
Attached Images
You can manage risk, but you can't manage the return
  • #869
  • Dec 19, 2018 9:26am Dec 19, 2018 9:26am
wellwell it looks like we already finished this triangle dragon yesterday ....

So the new zigzag is already started....
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 40 KB
You can manage risk, but you can't manage the return
  • #870
  • Dec 19, 2018 2:59pm Dec 19, 2018 2:59pm
What a day.... I completely changed my count to a real upwards move.... It was looking all good.... until somewhere around the USD releases, there where some cracks...and finally it broke completely. Well Sorry guys.... the only bullish count I can see atm is gone now. I really don't think this is a real triangle!! the leg ^d was suddenly short...then the leg ^e was mega short..... afterwards I still was thinking maybe an irregular triangle with a long leg ^d.... en then the leg ^e was not reaching the 50% in an abc move.... I think we must give up this bullish counts

Well I'm back again on my scenario I.... the nice old one.... until now....the count was just holding all the time!!....the person behind it (me, in this case was not trusting himself )

Enough....I was looking how to fit in the last 7-8 days into the count....and I believe there is a way.... look at the pink count...a wave i an Expanded Flat what is given our wave ii. It also implicate a deep wave b in the coming wave iii for holding the higher degree correct....but this could be a way!

think we just saw the orange wave i....and I'm waiting for the orange wave ii...at the end this pink count must end around 1,1188-55
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 97 KB
You can manage risk, but you can't manage the return
  • #871
  • Dec 20, 2018 9:43am Dec 20, 2018 9:43am
Quoting MzansiObi
{quote} Looking at daily chart counting 1st wave from 1.21940 have got 5 waves down wave 5 ending 1.13453. Corrective abc with 'a' wave starting around 1.17690 wave B 1.12285. Price may still consolidate on lower time frames and form subwaves but have projected wave C pushing up to 1.1600 give or take.
Have closed half my long position and moved my SL.to 1.1356.
Let's see if the bulls will continue.

Looking at 4hr chart I am looking for a reason to short.
Gold wave count has behaved so far but it's aldo due for corrective moves yet again.
Will post count.
Enjoying festive mercies here in sunny South Africa
4&1 All Time Profit: $37,496
  • #872
  • Dec 20, 2018 9:47am Dec 20, 2018 9:47am
Quoting HappyMe
What a day.... I completely changed my count to a real upwards move.... It was looking all good.... until somewhere around the USD releases, there where some cracks...and finally it broke completely. Well Sorry guys.... the only bullish count I can see atm is gone now. I really don't think this is a real triangle!! the leg ^d was suddenly short...then the leg ^e was mega short..... afterwards I still was thinking maybe an irregular triangle with a long leg ^d.... en then the leg ^e was not reaching the 50% in an abc move.... I think we must give...
Spot on! But on the daily chart a line has been crossed and a new one drawn now. Next hurdle is clear looking at the chart at the 1.1480 handle. Think some subwaves are in the making and consolidation will ensue before pushing further.
4&1 All Time Profit: $37,496
  • #873
  • Dec 20, 2018 9:47am Dec 20, 2018 9:47am
Quoting MzansiObi
{quote} Have closed half my long position and moved my SL.to 1.1356. Let's see if the bulls will continue. Looking at 4hr chart I am looking for a reason to short. Gold wave count has behaved so far but it's aldo due for corrective moves yet again. Will post count. Enjoying festive mercies here in sunny South Africa
Hi Budy,

The triangle option is the right chart now, I think .... triangle ended with wave-x. So we need from there an abc
I think we have the wave-a at 1.1486 now in a wave-b probably ended around 1.1393-05
Then an upmove towards the 1.1500-25 range

sorry....do not have time to put the chart on FF. Maybe this evening.
You can manage risk, but you can't manage the return
  • #874
  • Edited 2:08am Dec 21, 2018 1:47am | Edited 2:08am
Indeed ....the triangle option..... it WAS the right one. I'm happy we finally had a break through here. Now we really know what is going on here

Well after the triangle we saw yesterday a wave (A)....tonight we saw te wave (B) and today we must see the wave (C). I think the high is around 1.1518-31
if reached then we saw a double since the low @1.1216. Then it is the question was this our high or is this transforming into a triple....?
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 52 KB
Attached Image
You can manage risk, but you can't manage the return
  • #875
  • Dec 21, 2018 3:00am Dec 21, 2018 3:00am
Quoting HappyMe
Indeed ....the triangle option..... it WAS the right one. I'm happy we finally had a break through here. Now we really know what is going on here Well after the triangle we saw yesterday a wave (A)....tonight we saw te wave (B) and today we must see the wave (C). I think the high is around 1.1518-31 if reached then we saw a double since the low @1.1216. Then it is the question was this our high or is this transforming into a triple....? {image} {image}
A little complication..... it is turning into a (expandet)flat ....our purple wave-b
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB
You can manage risk, but you can't manage the return
  • #876
  • Edited 7:49am Dec 21, 2018 7:08am | Edited 7:49am
Quoting HappyMe
{quote} A little complication..... it is turning into a (expandet)flat ....our purple wave-b {image}
and an complication within a complication....
Gosh it is ranging time today!!

I believe I see an Expandet Flat within an Expandet Flat..... So I expect only back and forth for today and the coming holiday sessions....

Forget it... I don't trust this..... maybe we also saw the ABC already
I just wait and see now!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
You can manage risk, but you can't manage the return
  • #877
  • Dec 21, 2018 8:21am Dec 21, 2018 8:21am
Quoting HappyMe
{quote} and an complication within a complication.... Gosh it is ranging time today!! I believe I see an Expandet Flat within an Expandet Flat..... So I expect only back and forth for today and the coming holiday sessions.... Forget it... I don't trust this..... maybe we also saw the ABC already I just wait and see now! {image}
it is more something like this....

the triangle was a little shorter then I thought!

So we already saw our second zigzag and currently I believe the thirth zigzag is running for finishing the wave-b
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
You can manage risk, but you can't manage the return
  • #878
  • Dec 23, 2018 5:59pm Dec 23, 2018 5:59pm
Here is my HEW update...

It looks if the scenario hold.... the 1,1484 is then now our lightblue wave ii.

think we are in pink wave b/iii towards 1,1421 or so... then down to the wave c/iii around 1,1280.... after that I expect a short wave iv!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 91 KB
You can manage risk, but you can't manage the return
  • #879
  • Edited 2:23pm Dec 26, 2018 1:42pm | Edited 2:23pm
Here my HEW Update again.

Be aware of the pink deep wave 2 (retracement >90%)....alternation with wave-iv can fail then !!

Sp also be prepared we can see a deeper pink wave-iv towards 1.1370 if so then pink wave-v can be seen @1.1290
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 81 KB
Click to Enlarge Name: Image2.png Size: 6 KB
You can manage risk, but you can't manage the return
  • #880
  • Jan 1, 2019 5:15pm Jan 1, 2019 5:15pm
First of all..... a happy New Year and all the best for all of you!!

Here is my HEW-update:
In the christmas-time I really break my head about the current structure. I hope I did put the triangle at the right place now! But.....I have to say that this triangle looks a little weird......leg ^d is a little short...and the wave ^e is a little long I think....but I believe if I look to the retracements it is a good possibility.... So if this is right....? I don't know......the future has to tell. But for now I only see this wave structure as a good valid one at the moment....

How I see it now I think this move can go towards 1,1556 where we should see the wave (A) then I expect also a (B) and Finaly a wave (C) ending around...1,1660 range. But let first follow this wave (A)...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image2.png Size: 5 KB
Click to Enlarge Name: Image1.png Size: 83 KB
You can manage risk, but you can't manage the return
1 trader viewing now