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
I 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.
I 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
It's up to you whether to go impulse or correction. In my experience, most corrections can have impulse count if we try hard. I normally wouldn't count anything in impulse unless the wave structure is clear. In other words, don't force the count to fit it to your view. In bigger tf, still hh and hl. Simple way to look at, abc if against major trend. That's all I need to know in wave, to counter correction.
I 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.
I 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
I am more bearish until 1.4040 is broken.
from 10 jan till 7 march could have been a flat correction and it could be over.
this thing still looks corrective so i find it doubtfull that it will break 1.428 which is the beginning of the impulse wave down on 4 nov 2010.
I will try to cach a short around 1.3972
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:
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:
Looking for the last move up when wave -iv- is complete.
This should lead to a sell off that will drop below the $21.50
low of 2009. I have attached the charts from posts 4917 & 5004
along with the current view and count
Attached Image(s) (click to enlarge)
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
This is a sell to at least $15.00, but I look for lower,
maybe $8.00. I have attached the charts from posts
4913 & 5005, along with the current view and count.
Attached Image(s) (click to enlarge)
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
subjectivity 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.
subjectivity 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
that's why my chart look stupid...hehe
1, silly chart - red and blue
