Elliott Wave Counting with EG

we have finished wave 2 or B. IMH W3 or C is on its way.

Good luck

well my count was wrong, w2 or B is not finished yet.

IMO we had a W c5 failure and now W2 or B is complete. we have a nice bullish engulfing and a good moment to enter long will be at the break of 1.9770 area.

What do you think EG?

Good luck

Sorry for the late reply Pipchaser.

But by the looks of it, you did enter your long from there and by now probably celebrating already.

Now I am looking for a wave c32 retrace to enter a long.

EG

PS. I only managed to get a few pips here and there scalping the initial moves. Missed the bulk on the wave c31 due to doing other things.

Anyway, I think the key there is to look at different timeframes. when my count on the 15min and hourly chart was invalidated, my SL was not hit as this was based on a higher timeframe which was on the Daily.

So my initial forecast of a failed wave c5 of B (just like yours) was wrong and invalidated my wave count. however, I held on to it since there was still room for a move down based on the daily chart.

Because of the large drawdown I incurred, I decided to take them out (my long trades as soon as they turned Positive and up by 10-20%. So I could leave the computer due to other commitments.

I may have missed the bulk, but profits are profits. I am happy with what I got. We can do better on each succeeding trade we make.

Just trying to wet my feet again.

EG

update

001 042508 1952 PHI
Back in at 1.9830 Long

002 2015 PHI

exited at +2 after realizing that 1.9885 may have been the Top of this wave c31. So looking for that 50-61.8% retrace around

50% retrace 1.9781
FIB Extention C=A 1.9779 this is probably the best combination and since this is within wave 3, I would expect price to retrace around 50% instead of the usual 61.8% or more.

Incidentally, A Flat Senkou span on the lower side of the Kumo cloud on the 5min chart is around the same level as these FIBS

Stochastics and Momentum peaked at 1.9885 and QQE crossed when price hit that level too.

A downward channel for this price on the 5min chart also has the price drop point on the lower side falling at the level of 1.9779 which is also the initial target for the trendline system of Mouteki/DeMark

EUR/USD 4 hour
Seems like we are gonna head up again pretty soon

I am a newbie and just beginning to learn. Could you tell me what you see in the chart and where you expect eurusd to go in beginning day or two next week? Thanks.

Hi
Elliot wave is very subjective. so im just speculating on elliot wave counts that the next move is up to atleast 1.5735 or higher

This is my view on GJ H4 tf. Any opinions are welcome.

Good luck

IMO wave B is complete, we are now in wave C which is an impulse wave. I'm waiting as wave C to touch 200.29 but time will tell.

Good luck

hi this is my chart
defrent account in GBp gpy
and w is your opinion in my acco in GBp usd

Seems like the correction continues

Perfect NFP fall???

MY CHART

Seems like the 1st leg of the correction is over...or is it tht the correction is over? I guess we will have to wait and see...

Wondering if the decline was end of wave 2 or extended correction? only time will tell

Making sense of the non-sense

Another scenario as per the 1 hour chart...if its a 5-3-5 structure...then we might have a downfall untill 1.5200....hmmm...this correction is giving us some issues to think bout...

Wave B was higher than I thought but Wave C touched 200.29 (and lower) on Friday and closed above. I will wait to see a clear direction of geppy.

Good luck

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