reason 1: daily trend is still up.
reason 2: higher swing low. (4 hr chart)
reason 3: initial wave in down move had 3 wave structure.
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Dislikedi am with abc.
reason 1: daily trend is still up.
reason 2: higher swing low. (4 hr chart)
reason 3: initial wave in down move had 3 wave structure.Ignored
DislikedI am tending towards impulsive becouse:
- the wave between A and B seems impulsive and that would be wrong.
- the correction between A and B takes much less time then the impulse waves.
- It fits my longer term wave count.
http://www.forexfactory.com/showpost...7&postcount=75
- The previous Zig-Zag was much clearer and took twice as long to make.
But again i can't be sure with such a crappy wave 5.Ignored
DislikedI believe the pull back was a correction or at least part of a correction.
If you look at the first leg down of this correction the A wave does not channel well. I believe it is 3 down with expanded flat followed by 5 down for C.Ignored
Dislikedrjlacha,
based on the RET count of the EURUSD, wave „A“ (red) starting from the low of 14th of Feb is a corrective pattern, no impulse one. It doesn`t changes the bullish outlook but could be important later on. I have added the bigger picture since the high of 4th of Nov (1.4282) fyi also:
http://img148.imageshack.us/i/eweurusd1113.gif/
http://img860.imageshack.us/i/eweurusd2113.gif/
SixerIgnored
DislikedDJIA
Wave -iv- down to 11,850 -11,450.
Then wave -v- to 12,600 - 13,000 ?Ignored
DislikedGuys where would be the best place to start learning about Elliot Wave?
books/websites/articles?Ignored
Dislikedsubjectivity is objectivity or not, all you need is identify the trend in trading, assume everything that goes against the trend is abc correction. tops and bottoms are little more complicated. stay away. keep it simple dude.Ignored