Disliked{quote} I closed that UJ short in a loss. Currently looking at UJ if it finds R around 106.45-50 {image}Ignored
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Disliked{quote} I closed that UJ short in a loss. Currently looking at UJ if it finds R around 106.45-50 {image}Ignored
DislikedI think you're looking at a top ,that would be the end of wave 5.The end of this bullish move for now. I checked abc is a bullish pattern on the drawing ,then that wave down we see is wave 1 of 5 next big picture.It can only retrace below that high without down. Its a top on the following reasons ,Major tl touch and respect to the pip and pivot space ,side on monthly . USD basket has also hit it's tl and reacted. The next monthly we are in is bearish....not continue under 13500 {image} {image}Ignored
Disliked{quote} Hi Bones, that's a very likely scenario. I look at the weekly chart and it looks very bearish atm (& I pointed out that R box in weekend). but I need to see the close. There are still 1.3250 and 1.32 S zone below and then 1.30-1.13050, on EU a break below 1.17 confirms the reversal. We may get a bounce from here as a b wave then a c wave down (although I favor a more complex WXY structure posted yesterday). Let's see what Coreg thinks, he's the EW expert. Also, EU got S where it should get, respecting the rising TL and 1.18, forming HH,...Ignored
Disliked$ wedge is easier on eye on that index even across the majors , if it can break free next week. {image}Ignored
Disliked{quote} I closed that UJ short in a loss. Currently looking at UJ if it finds R around 106.45-50 {image}Ignored
Disliked{quote} yes, that and the diagonal pattern. but those patterns are tricky, you never know when they end. {image}Ignored
Disliked{quote} Thanks for the great chart Coreg. I think it's making a WXY. for some reason it reminds me of the same pattern we had back in April. This is probably a smaller version in terms of pips and time. {image}Ignored
DislikedI think you're looking at a top ,that would be the end of wave 5.The end of this bullish move for now. I checked abc is a bullish pattern on the drawing ,then that wave down we see is wave 1 of 5 next big picture.It can only retrace below that high without down. Its a top on the following reasons ,Major tl touch and respect to the pip and pivot space ,side on monthly . USD basket has also hit it's tl and reacted. The next monthly we are in is bearish....not continue under 13500 High probability bearish in form monthly print.Check weekly close ....Ignored
DislikedAnyone interested in Elliott Wave Principle...here is the link to very valuable lessons...all free https://www.elliottwave.com/Ignored
Disliked{quote} Yea, the free ebook is great. I read it. But for some reason their market analyses are awful. I had a free pass for one month many years ago and they were almost always wrong. I wonder if they have improved.Ignored
Disliked{quote} I know and I wonder why?...they have 7 days lessons just pure theory nothing else... {image}Ignored