Elliott Wave Trading

luckily same rhythm every beat..

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Summary

Long term outlook: Up
Medium Term Outlook: Down
Short Term Outlook: Sideways to Down
Medium Term Revision Point: Break above 21.31
Potential Medium Term Target: 8.45 and lower

http://www.thetradingsolutions.com/w...710silver1.bmp

With a potential wave 1 at the December 22, ’09 low (16.78), followed by wave 2 at the January 11, ’10 high (18.89) and a possible wave 3 at the February 5, ’10 low (14.66), we assess to be currently in a potential wave 4. At the February 22, ’10 high (16.55) we have possibly completed the first leg of wave 4, i.e., a.4. Since the February 22, ’10 high, as the main image depicts, we may have had a completed wave b.4 at the February 25, ’10 low (15.64) and since then, making wave c.4 to complete wave 4. If this scenario is correct, we expect to have a very small wave a.4, considering that to maintain our outlook we will look for the price closing below the 16.96 mark, which is the close of wave 1 on December 22, ’09. Our current target for the end of wave c.4, in this scenario, is close to the 16.80 to the 16.90 mark.

http://www.thetradingsolutions.com/w...710silver2.bmp

As per the second case scenario, as is depicted in the second image, after wave A.4 at the February 22, ’10 high (16.55), we are probably forming wave B.4 in an Expanded Flat formation, with wave a.B.4 at the February 25, ’10 low (15.64), wave b.B.4 at or near completion at the weekly close on February 26, ’10, and likely to be followed by sell off close to or below the February 25, ’10 low (15.64) to complete wave c.B.4. As per this scenario, we should get another rally for wave C.4, which should end close to the 16.80 to the 16.90 mark.

In case the price rises to and closes above the 16.96 level, it would force a review of our medium term wave count, as in that case, a possible impulse wave count down from the December 3, ’09 high will be seriously challenged.

just my intraday forecast

Possible end of correction (wave 4) and now could be time for new top...

subjectivity is objectivity

4hour chart..looks like 5 waves might be up...fifth one marginaly misses the channel line target, looks about even to wave 1 of that cycle

I don't think we've reached the end of the 5th wave yet. I'm looking for the pair to make fresh lows before it begins a three wave correction.
Best,
-Adam

Thanks , this is exactly I counted & following pa.Even v subwave finish in the triangle or iv you showed they can also continue as extension .
fontu

- subjectivity is objectivity...

seems like they all moving north..1 hour chart..
Sorry it just my first glance at a chart.. no wave count activated..
11:00pm USD ISM Manufacturing PMI
( new's makes me tight my hands..)

Looks like wave 3 on Daily GU...

this my EU daily chart



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Cycles of Time Fibonacci

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Dollar/Cad

underlying elliott wave guidlines, if a correction is zigzag, it will end within the range of wave 2 of the previous wave, especially if the zigzag is a wave 2 itself.
fits the current picture

Using some Fibo time it looks that first possible end of this correction is on 3rd of March 9am (GMT+1).

Some group of Fibo time is from 01am - 07am during night from 3rd - 4th of March...

I'm also curious will it work .

dollar cad on the update!!! we are going to bull up!

subjectivity is objectivity

2 days flat ( non position ) , when when when....market are jumping up and down...

Possible end of wave C...

cad is tricky

I think we are in 3 wave correction in this moment