DislikedHi, Rocroy. I agree with your EUR/USD count.
But, based on the alternation principle, shouldn't we be expecting a sharp Wave 4 retracement given that Wave 2 went sideways (and took its own sweet time doing so)?Ignored
It looks good for short trade,, wt u guys think?Ignored
DislikedI share the same view, only that for me to be a setup it is needed that price goes a bit higher in the 91.3-91.5 price zone where we have a good confluence.Ignored
DislikedIMHO I think USDCAD is still in a wave 4 of a wave 3 or possibly forming a BARRIER TRIANGLE or a FLAT Triangle on the DAILY CHART. THAT is just my take on this pair now. BUT I would not trade/BUY this until it BREAKS out from that 1.3100 level.
THE PURPLE (IV) is too short in time in relation to the purple (II). That is why I think the (IV) is not yet finished. BUT once price breaks the 1.3100 level, then I would take that cue as the Looney being in the wave 5 already.
NOTE that there is a probability IMO that wave 5 will not be that powerful...Ignored
Dislikedwhat do you say about this count on the monthly chart?Ignored
DislikedI am a newbie with EW and have been trying to learn from everyone here. This is my first time posting a chart so here goes. I was watching the 91.25 area for wave c of 4 to end. Any input on my count is appreciated. Just trying to determine how my learning is going.Ignored
DislikedYour count looks good swiftpip although if you try to be a perfectionist then you'd have a hard time subdividing w3 in 5 impulses.Ignored
DislikedI'm new to this thread so pls. excuse my ignorance.
I saw the beautifully attached charts that show the EWs. Are these done manually or you have good indicators that generate these lines automatically. I was trying to check the early posts of this thread but I found none.
DislikedEURUHSD 4H. I am looking at this current move up as being a correction. Near 1.438 is a good confluence level and that's where I will look for a short setup.Ignored
DislikedI agree. The bearish correction since Dec 19 1.3822 has been in 3 waves, and has taken too much time (plus overlaps) to be an impulse. Now the proof is in with todays move below 1.4018 eliminating any upward impulse count possibilities.
My first entry target is the next retracement into the 1.31 range, to catch the 6 months of wave (C) down to 1.16 range.
Dislikedhey , so , if I got you ok , you think we haven't seen yet wave no. 3 . as in the chart attached ?Ignored
DislikedI favor that the fall from 1.60 to 1.23 was (A), however it could be 1. My second choice is A of (A) of [C].
I think we are working out a (B) wave now. It has the price height required at .618, but needs weeks more time - as I believe wave B must be (at least) equal to A in time or more. B cannot be less than A for time, unless it is in a triangle, so that means a lot of choppy/sideways price action, but favoring down in January.
If I look at the monthly and weekly charts, Eur/Usd has been in A-B-C waves since the 1970's at least. The monthly...Ignored