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Coreg's EW+HP+D/W Range

  • #1,321
  • Mar 4, 2025 7:05am Mar 4, 2025 7:05am
Quoting Guy1969
Hi Coreg2004, do you perhaps have the current EW markups for EU Daily?
Guy1969, sorry for the delay.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 03.04 daily.png Size: 34 KB
Always trade your own plan...I don't provide trading signals.
  • #1,322
  • Mar 4, 2025 7:11am Mar 4, 2025 7:11am
Quoting Coreg2004
{quote} 5M chart for the end of the day. {image}
GU approaching the zone for the end of wave (v).
Attached Image (click to enlarge)
Click to Enlarge Name: GU 03.04 30M.png Size: 40 KB
Always trade your own plan...I don't provide trading signals.
  • #1,323
  • Mar 4, 2025 7:13am Mar 4, 2025 7:13am
Quoting Coreg2004
{quote} rehmatkhan, it's not as important to choose the right pattern unfolding as how to adjust when the market doesn't do what we thought it would. I didn't know it would go my way, but I knew how to correct when I was wrong. {image}
thanks for correcting me and because of you i went long and now in profit
  • #1,324
  • Mar 4, 2025 7:25am Mar 4, 2025 7:25am
Quoting Coreg2004
{quote} Guy1969, sorry for the delay. {image}
Thank you, appreciated. Didn't trade today, this will now be my focus for nxt 3 days.
  • #1,325
  • Mar 4, 2025 7:37am Mar 4, 2025 7:37am
Quoting rehmatkhan00
{quote} thanks for correcting me and because of you i went long and now in profit
Is wave(v) in place? Sure, we can develop different labeling sub-waves in (v). What matters is how we trade the last fractal in the leg.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 03.04 30M.png Size: 38 KB

Pivot point for today is @1.0460
Always trade your own plan...I don't provide trading signals.
  • #1,326
  • Mar 4, 2025 8:03am Mar 4, 2025 8:03am
Quoting Coreg2004
{quote} GU approaching the zone for the end of wave (v). {image}
Update...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 03.04 30Mb.png Size: 38 KB
Always trade your own plan...I don't provide trading signals.
  • #1,327
  • Mar 4, 2025 8:04am Mar 4, 2025 8:04am
Quoting Coreg2004
{quote} Is wave(v) in place? Sure, we can develop different labeling sub-waves in (v). What matters is how we trade the last fractal in the leg. {image} Pivot point for today is @1.0460
In 1hr chart, it looks like 5 fractals have been completed.
Attached Image (click to enlarge)
Click to Enlarge Name: SmartSelect_20250304_180309_TradingView.jpg Size: 716 KB
  • #1,328
  • Mar 4, 2025 8:47am Mar 4, 2025 8:47am
Quoting rehmatkhan00
{quote} In 1hr chart, it looks like 5 fractals have been completed. {image}
very nice, if in doubt, jump to the higher TF. But stay vigilant if your scenario unfolds the way you expect.
Always trade your own plan...I don't provide trading signals.
  • #1,329
  • Mar 4, 2025 9:11am Mar 4, 2025 9:11am
Quoting Coreg2004
{quote} very nice, if in doubt, jump to the higher TF. But stay vigilant if your scenario unfolds the way you expect.
If this is a real break out then I think 5th wave maybe extended and these 5 fractals maybe just a wave one in wave 5 and we may see wave 3 after some correction
  • #1,330
  • Mar 4, 2025 10:44am Mar 4, 2025 10:44am
Quoting rehmatkhan00
{quote} In 1hr chart, it looks like 5 fractals have been completed. {image}
If the EU makes a new high today, my next choice would be an ending diagonal as a wave (v) b/c of the depth of the potential wave (iv). The last roadblock is the zone between 1.0546-1.0553
Attached Image (click to enlarge)
Click to Enlarge Name: EU 03.04 30Mb.png Size: 44 KB
Always trade your own plan...I don't provide trading signals.
  • #1,331
  • Mar 4, 2025 11:05am Mar 4, 2025 11:05am
Quoting Coreg2004
{quote} If the EU makes a new high today, my next choice would be an ending diagonal as a wave (v) b/c of the depth of the potential wave (iv). The last roadblock is the zone between 1.0546-1.0553 {image}
1hr and 4hr both tell us that the possible 5 waves to the upside finished. Now I will buy when it makes a clear bull setup. However it may follow smaller timeframe and can make ending diagonal.
  • #1,332
  • Mar 4, 2025 1:10pm Mar 4, 2025 1:10pm
Quoting rehmatkhan00
{quote} 1hr and 4hr both tell us that the possible 5 waves to the upside finished. Now I will buy when it makes a clear bull setup. However it may follow smaller timeframe and can make ending diagonal.
rehmtkhan, as always, stay with your TF. . Thanks, I benefit from your presence here.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 03.04 1H.png Size: 41 KB
Always trade your own plan...I don't provide trading signals.
  • #1,333
  • Mar 4, 2025 2:42pm Mar 4, 2025 2:42pm
Hi Coreg2004,

Question, looking at EU, when marking up your charts, do you re-adjust the projected end of wave 5 based on where wave 4 ended? I currently have wave 5 either ending in a double-bottom/ extending to S2

Thanks
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  • #1,334
  • Edited 6:12pm Mar 4, 2025 5:54pm | Edited 6:12pm
Quoting Guy1969
Hi Coreg2004, Question, looking at EU, when marking up your charts, do you re-adjust the projected end of wave 5 based on where wave 4 ended? I currently have wave 5 either ending in a double-bottom/ extending to S2 Thanks {image}
Guy 1969, I try to keep everything simple. I follow the guidelines and an ideal diagram from the first page of my thread.
Sometimes on intraday charts below 1H TF, an adjustment is necessary but higher TF (daily, weekly) usually doesn't need correction. When wave 4 is in place, you need to run 3 fibonacci relationships to find the zone for the end of wave 5, and you are done. Check the chart below. There is no other way to mark it if we follow the EW principle rules.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 03.05 daily.png Size: 53 KB
Attached Image (click to enlarge)
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After 1-5 pattern is completed, the ABC correction will follow. We (Elliottisions) expect SH at wave 4 to be tested.
Attached Image (click to enlarge)
Click to Enlarge Name: after1-5.jpg Size: 42 KB

How does the correction unfold? Into one of these patterns or combinations of more than one.
Attached Image (click to enlarge)
Click to Enlarge Name: Corrpatterns.PNG Size: 25 KB

A lot of practice and screen time is needed, like with the most concepts in trading/investing. I hope it helps.
Always trade your own plan...I don't provide trading signals.
  • #1,335
  • Mar 4, 2025 6:01pm Mar 4, 2025 6:01pm
Quoting Coreg2004
{quote} Guy 1969, I try to keep everything simple. I follow the guidelines and an ideal diagram from the first page of my thread. Sometimes on intraday charts below 1H TF, an adjustment is necessary but higher TF (daily, weekly) usually doesn't need correction. When wave 4 is in place, you need to run 3 fibonacci relationships to find the zone for the end of wave 4, and you are done. Check the chart below. There is no other way to mark it if we follow the EW principle rules. {image}{image} After 1-5 pattern is completed, the ABC correction will...
Thank you, I see where I went wrong, I'll redo, and use the guideline you provided. appreciated, always.
  • #1,336
  • Mar 4, 2025 8:50pm Mar 4, 2025 8:50pm
Quoting Coreg2004
{quote} rehmtkhan, as always, stay with your TF. . Thanks, I benefit from your presence here. {image}
thanks for giving beautiful suggestion and i am glad to hear that a experienced trader like you is benefiting from me
  • #1,337
  • Mar 5, 2025 2:36am Mar 5, 2025 2:36am
5th wave has been extended and we may soon see a deeper correction.
Attached Image (click to enlarge)
Click to Enlarge Name: SmartSelect_20250305_123457_TradingView.jpg Size: 738 KB
  • #1,338
  • Mar 5, 2025 4:00am Mar 5, 2025 4:00am
Quoting rehmatkhan00
5th wave has been extended and we may soon see a deeper correction. {image}
Finally a sign some exhaustion
Attached Image (click to enlarge)
Click to Enlarge Name: SmartSelect_20250305_135913_TradingView.jpg Size: 641 KB
  • #1,339
  • Mar 5, 2025 5:19am Mar 5, 2025 5:19am
Different areas till which price can correct itself as we may see some deeper correction.
Attached Image (click to enlarge)
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  • #1,340
  • Mar 5, 2025 7:01am Mar 5, 2025 7:01am
Quoting rehmatkhan00
{quote} thanks for giving beautiful suggestion and i am glad to hear that a experienced trader like you is benefiting from me
After closing my future trade, I read your post https://www.forexfactory.com/thread/...9#post15170619
switched to 1H TF, and took a long trade. It paid nicely. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 03.05 1H.png Size: 41 KB
Always trade your own plan...I don't provide trading signals.
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