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Elliot Wave Analysis

  • #821
  • Feb 10, 2019 12:18pm Feb 10, 2019 12:18pm
The pair is likely to grow in USD / CHF. Estimated pivot point is at the level of 0.9907.
The main scenario: “long positions” are relevant to the correction above the level of 0.9907 with the aim of 1.0073 - 1.0126.
Alternative scenario: a breakdown and price fixing below 0.9907 will allow the pair to continue to decline to 0.9834 - 0.9714.
Analysis: Presumably, the first wave of the senior level (1) of 3 was formed within the daily timeframe and the development of the downward correction (2) of 3 was completed. On the 4-hour timeframe, the first one-two wave of i of 1 of (3) continues to develop as an impulse. Within the hourly timeframe, apparently, the fifth wave of the junior level (v) of i is being formed. If the assumption is correct, the pair will continue to grow in the short term to the levels of 1.0073 - 1.0126. Critical level for this scenario is 0.9907.
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  • #822
  • Feb 10, 2019 12:20pm Feb 10, 2019 12:20pm
The probability of a decline in the EUR / USD pair remains. Estimated pivot point is at the level of 1.1489.
The main scenario: “short positions” are relevant to the correction below the level of 1.1489 with the goal of 1.1211 - 1.1120.
Alternative scenario: a breakdown and price fixing above the level of 1.1489 will allow the pair to continue to rise to the levels of 1.1568 - 1.1623.
Analysis: within the framework of the daily timeframe, the formation of the downward correction of the senior level as a wave (2) is presumably continued, as part of which the wave C of (2) is developing. On the 4 - hour timeframe, the development of the upward correction as wave ii of C has presumably completed. Zigzag and began the development of wave (iii) of iii. If the assumption is true, the pair will continue to decline to marks 1.1211 - 1.1120. Critical level for this scenario is 1.1489.
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  • #823
  • Edited 12:38pm Feb 10, 2019 12:21pm | Edited 12:38pm
Quoting Dulu
The pair GBP / USD in the correction, the probability of decline is maintained. Estimated pivot point is at the level of 1.3215. The main scenario: "short positions" are relevant to the correction below 1.3215 with the aim of 1.2806 - 1.2707. Alternative scenario: a breakdown and price fixing above 1.3215 will allow the pair to continue to grow to the levels of 1.3390 - 1.3628. Analysis: within the framework of the daily timeframe, the formation of a downward correction of the senior level as the second wave (2), which took the form of a zigzag,...
Dulu,

i am not sure your first wave on gbpusd daily chart looks impulsive. i am putting a weekly chart and it shows a series of corrective abc's to form a flag .
Attached Image (click to enlarge)
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STING
  • #824
  • Feb 10, 2019 12:29pm Feb 10, 2019 12:29pm
gbpusd daily chart
Attached Image (click to enlarge)
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STING
  • #825
  • Feb 10, 2019 12:31pm Feb 10, 2019 12:31pm
Quoting stringfx
{quote} Dulu, i am not sure your first wave on gbpusd daily chart looks impulsive. i am putting a weekly chart and it shows a series of corrective abc's to form ma flag . {image}
This is our analyst, I will ask him your question, I think he will answer. I am engaged in fundamental analysis and Gann theory. He asked to put his vision on your court, but he rarely makes mistakes. By this I agreed.
If you don't like her, tell me. I will no longer spread his opinion on this forum.
  • #826
  • Feb 10, 2019 12:33pm Feb 10, 2019 12:33pm
GU 4HR.
Attached Image (click to enlarge)
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STING
  • #827
  • Feb 10, 2019 12:37pm Feb 10, 2019 12:37pm
Quoting Dulu
{quote} This is our analyst, I will ask him your question, I think he will answer. I am engaged in fundamental analysis and Gann theory. He asked to put his vision on your court, but he rarely makes mistakes. By this I agreed. If you don't like her, tell me. I will no longer spread his opinion on this forum.
No offence meant... this is just an opinion. please continue to post. it's not necessary that we need to agree as EW is very subjective.
STING
  • #828
  • Feb 10, 2019 12:48pm Feb 10, 2019 12:48pm
Quoting stringfx
GU 4HR. {image}
Ok pa, correction down i take abc to develop the next cycle. In the new probable wave 2 up correction b not expect end there for c up, may correct maximum , ok 2700/2666 to go next leg up. Take care.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #829
  • Feb 10, 2019 12:49pm Feb 10, 2019 12:49pm
Quoting fontu
{quote} Ok pa, correction down i take abc to develop the next cycle. In the new probable wave 2 up correction b not expect end there for c up, may correct maximum , ok 2700/2666 to go next leg up. Take care.
agreed!!! same view here.
STING
  • #830
  • Feb 10, 2019 12:56pm Feb 10, 2019 12:56pm
Quoting Dulu
{quote} This is our analyst, I will ask him your question, I think he will answer. I am engaged in fundamental analysis and Gann theory. He asked to put his vision on your court, but he rarely makes mistakes. By this I agreed. If you don't like her, tell me. I will no longer spread his opinion on this forum.
I see counts, good. Looks professional. Carry on. Then you are not counting by youself. No problem. If your analyst count manually or use some sorts of ew indicator?
Anyway i love to use it in my every trade indiectly.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #831
  • Feb 10, 2019 1:09pm Feb 10, 2019 1:09pm
Quoting fontu
{quote} I see counts, good. Looks professional. Carry on. Then you are not counting by youself. No problem. If your analyst count manually or use some sorts of ew indicator? Anyway i love to use it in my every trade indiectly.
I will ask him now, I will send your question if he is awake, of course.
  • #832
  • Feb 11, 2019 12:35am Feb 11, 2019 12:35am
My take on EURUSD W
Note how w4 of (5) , did NOT close beyond w 1 of (5).
Most important, price and time for an EOW (5) are close but still not reached.
Attached Image (click to enlarge)
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  • #833
  • Feb 11, 2019 12:48am Feb 11, 2019 12:48am
Dayly EURUSD is choppier.
One could "imagine" some w5 unfolding.
Interesting is the time band overlapp period marked by the sofware below the oscillator. (Average of swings: Low/Low, H/L).
To me: a choppy bearish week, till the end of the time band overlapp (Monday next week).
Attached Image (click to enlarge)
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  • #834
  • Feb 11, 2019 1:01am Feb 11, 2019 1:01am
240 looks better!

But what is really interesting, is that
IF all these drawings come out "true"...

THEN: the end of wave 5 (in 240.)
Could be the
EOW 5 (Day)
EOW 5 (Week)
Attached Image (click to enlarge)
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  • #835
  • Feb 11, 2019 1:02am Feb 11, 2019 1:02am
where can I find traders who have already mastered the Elliott wave? I love the new things. I like to listen and learn.
  • #836
  • Feb 11, 2019 1:05am Feb 11, 2019 1:05am
So my intention is to short the EOW 4 on the 240.
  • #837
  • Feb 11, 2019 4:54am Feb 11, 2019 4:54am
[quote=stringfx;11984620]don555 this chart is for you. have put a vertical line on 31st oct. this is a daily chart . hope you will get it {image}[/quote


stringfx thanks for the chart I get it now. I must have been looking at another chart I will see if I can find it today.
  • #838
  • Feb 11, 2019 7:46am Feb 11, 2019 7:46am
Quoting stringfx
The Dow has made a pretty impulsive move down which could mark that the top is done (not sure though) For the time being it seems to be doing a 5 the wave down . Here is a chart . A good possibility eur/jpy and gbp/jpy will follow the dow. {image}
what fib level do you think wave 2 will end at ?
  • #839
  • Feb 11, 2019 9:34am Feb 11, 2019 9:34am
Quoting stringfx
DOW 1 hr chart. i am hoping that dow has finished the initial 1st wave and is going up for the 2 nd wave. hopefully it will finish by 61.8. it might turn down at 50% as well as shown in the chart. then should bang down for the 3 rd wave. {image}


Sorry missed this chart that answers the question for the previous post. How accurate was that !!!

In future I will need to be more observant.
  • #840
  • Feb 11, 2019 10:55am Feb 11, 2019 10:55am
Kaze001,

i have found a DAX Count for you.

Enjoy !

Sixer
Attached Image(s) (click to enlarge)
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