Elliott Wave Trading

Quoting Phi

Disliked

Hi, I'm new in Elliot wave counting, could you tell me if there's a Fibonacci relation between - corrective wave [b] and [A] - when B retraces back to A ? I mean like 38.2 or 61.8 % retracement or it's often more unpredictable than that.

Ignored

Quoting Blue bottle

Disliked

Eur/usd m5

Ignored

Quoting sarasxxx

Disliked

hello, there is a Fib relation and it depends on what corrective pattern its. For ex.: Flat correction - A equals B;
Zigzag - B equals 0.382*A;
Irregular - B equals 1.382*A;
these numbers are rough, for more precision you should analyse the wave B in a lesser degree.
I think this is the answer if someone knows smth else please share

Ignored

Quoting GriffCo

Disliked

I've been trying to learn Elliot in depth...Where would one find all these numbers? I've been looking for "key to market behavior" but can't find it but also wondered if anyone knew of any good online "books" or websites that are beginner-intermediate elliot wave theory?

Sorry to derail discussion!

Ignored

Quoting Pepperap

Disliked

Hi to all.
Here is my last count for EU 15 nim TF.
Any comment?

Ignored

Quoting sarasxxx

Disliked

hello, there is a Fib relation and it depends on what corrective pattern its. For ex.: Flat correction - A equals B;
Zigzag - B equals 0.382*A;
Irregular - B equals 1.382*A;
these numbers are rough, for more precision you should analyse the wave B in a lesser degree.
I think this is the answer if someone knows smth else please share

Ignored

Quoting Phi

Disliked

Any comment?

Ignored

Quoting Pepperap

Disliked

Hallo Phi,
Little comment of your chart. The wave you have labeled w1 of minor degree is clearly in 3 sub-waves. It's a feature of corrective ones.
In a bearish perspective like yours, I think the suitable pattern could be a leading diagonal in which it is possible to get a 3-3-3-3-3 subwaves.
See the chart below.

Ignored

Quoting Pepperap

Disliked

Hallo Phi,
Little comment of your chart. The wave you have labeled w1 of minor degree is clearly in 3 sub-waves. It's a feature of corrective ones.
In a bearish perspective like yours, I think the suitable pattern could be a leading diagonal in which it is possible to get a 3-3-3-3-3 subwaves.
See the chart below.

Ignored

Quoting pipeye

Disliked

Leading Diagonals are broken down 5-3-5-3-5 and Ending Diagonals are 3-3-3-3-3.

Ignored

Quoting magictrader

Disliked

EU, maybe something like this:

Ignored

Quoting sarasxxx

Disliked

I think also that some resistance will be around 38.2% and 50%, but the final target i believe will be around 61.8%

Ignored

Quoting Phi

Disliked

Technically I agree with your idea but I thought the market is not panic enough to fall right away therefore my idea is based on ( ED 5th wave ) and then fall aggressively, of course we also have to follow the news and see the reaction.

Ignored