EURUSD:
The elliott gurus still sticking at the count.
Sixer
The elliott gurus still sticking at the count.
Sixer
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- #24,081
- Edited 6:05am Aug 16, 2019 4:21am | Edited 6:05am
- Joined Nov 2008 | Status: Trader | 1,757 Posts
- #24,084
- Aug 18, 2019 2:03am Aug 18, 2019 2:03am
- Joined Jun 2010 | Status: zero | 20,603 Posts
EURUSD: The Delta cycles count of the EURUSD is indicating that the Elliott count(s) must be probably reconsidered ... The LTD-15 Low (black) turning point middle of oct. 2019 marks the end of the 4-years cycle. Sixer {image}
Hi Sixer,
if you look to the left side of the chart there is a gap around 1.08 from April 2017. That would be a nice target for your scenario.
BTW: our friend Jaylovin is calling for months for 1.08 :-)
When we look at my favourite count, then there would be a chance to go to that low, when the last wave 5, which was a zigzag, is not finished yet, and a double zigzag would evolve. Chance for a double zigzag in an ending diagonal at wave 5 is around 9-13%.
- #24,087
- Aug 20, 2019 2:22pm Aug 20, 2019 2:22pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} Thanks Sixer for sharing the counts. sticking to it, too, at the moment, but chances got significantly higher that the count may get invalidated. On your first chart the Elliottican had to place the x label at a convenient place, to justify his count. That is not good labelling practice out of my view. On the 2nd chart the labelling of the x is in my view OK. But then he chose to label the wave down as y wave. Why that? High chance that the whole structure is an ABC-flat, where we are now in impulsive wave C down. Since this wave C now only...
what should I say?
....told you so
Now we have to be careful: the latest low may only be the B-wave down of an ABC-flat up.
Today's wave down is prone to multiple interpretations - it is not clearly impulsive
- #24,088
- Aug 23, 2019 2:00pm Aug 23, 2019 2:00pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} what should I say? ....told you so
conviction gets finally rewarded
I kept on buying on the way down. Pity is, that one last order waited around 1.13 but was not reached
- #24,092
- Aug 30, 2019 1:36pm Aug 30, 2019 1:36pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
maybe this for EU
- #24,094
- Sep 3, 2019 1:42am Sep 3, 2019 1:42am
- Joined Jun 2010 | Status: zero | 20,603 Posts
This count would have the potential to go much lower, especially, when the sequence since the 2018 top is not an ABC but an Impulse.
Confusion arose because of the very overlapping structures of the past months.
I have marked them in the following chart. The first on, after new inspection, is best described as leading diagonal, because of 5 more or less impulsive waves down, which wave 2 and 4 overlap.
The second one is overlapping and corrective by all means, and can be best categorized as ending diagonal.
Both together may be an ABC (leading diagonal A wave and ending diagonal B wave) inside of an ABC or WXY wave up.
One careful word regarding Sentiment data: now we are sub 10% bulls. Price has a high chance to shoot up soon, but when inspecting old charts, one can easily see, that such low readings can be seen during multiple hundreds drops. So be carefull when judging from sentiment values. This is especially true, when the drop or ascent is a wave 3 action.
Confusion arose because of the very overlapping structures of the past months.
I have marked them in the following chart. The first on, after new inspection, is best described as leading diagonal, because of 5 more or less impulsive waves down, which wave 2 and 4 overlap.
The second one is overlapping and corrective by all means, and can be best categorized as ending diagonal.
Both together may be an ABC (leading diagonal A wave and ending diagonal B wave) inside of an ABC or WXY wave up.
One careful word regarding Sentiment data: now we are sub 10% bulls. Price has a high chance to shoot up soon, but when inspecting old charts, one can easily see, that such low readings can be seen during multiple hundreds drops. So be carefull when judging from sentiment values. This is especially true, when the drop or ascent is a wave 3 action.
- #24,097
- Sep 3, 2019 8:49am Sep 3, 2019 8:49am
- Joined Jun 2010 | Status: zero | 20,603 Posts
I prefer the Big Picture from Guru Tiedje. He counts wave "2" as (w)-(X)-(Y) - that means wave "(Y)" has an a-b-c structure too. Sixer {image}
Hi Sixer,
thanks for sharing.....
In my view the first part of the wave down from the 2018 top does look pretty impulsive, so I can not imagine it to be a W-wave.
But in the end all of this kind of counts survive, when we go up a bit. say 1100-1150 and then again down to the 08x gap.Then the action from the 1412 top end of Jun would look like an ending diagonal (and we would be all right LOL)
Damn it - I sat down in front of the charts to get another long near 0935 - then I sarted typing this text and missed the spike down
OK, looking once again at Tiedjes Chart:
I think he is biased toward sharp declines of the USD. He had to correct his chart over and over again. When looking on the European situation I can not understand, where he gets his optimism with EURUSD tagets north of 2.0000
I would love to see that, because I am on the way to eliminate most of my USD holdings in various assets at the moment.
But Europe has so much structural problems and Largarde is ante portas - she is mega dovish
Do not know - difficult situation in so many assets right now
- #24,098
- Edited 9:51am Sep 3, 2019 9:33am | Edited 9:51am
- Joined Nov 2008 | Status: Trader | 1,757 Posts
