Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

somehow I prefer second one...I expect another low in dollar index.

long gbpnzd @2.1025

Reason:
1.272% + Fib Fan 61.8% + Divergence

hey vincy, your count inspired me to draw up an alternate count where 4 is still incomplete in an ending diagonal to finish C. this would also give us the overlap which often happens in ending diagonals

totally agree ....

viny miza & co---- like to thks u guy for posting u r views.. learn alot from it

Stop out +4 Pips gain

Bounced on DX right where we needed to for above count to be correct... Now we see if the final 5th wave occurs or if it fails and a long term bottom is in place!

Hi my Princess Miza,

We will MISS you
I need Rest too... for a while


Happy GREAT WEEKEND to ALL !!


http://i797.photobucket.com/albums/y...f_IERJMPvs.jpg

technical target met..

hey longshot... this is the first time i've heard about adam and eve but after a brief google search it represents a double bottom?

RESPECTFULLY: your chart doesn't represent this... however is their a profit target to using such a pattern??

Many thanks..

I took the height of the shortest bottom.

what do you guys think of this setup?
i get mixed signals.

Right now no clear understanding of the moves. But since the move up lacks again a clear impulsive structure, it comes to mind, that we are forming a huge corrective between 4248 (03.22.2011) and 4021.

Down from the top at 4248 I can count a big ABC down to 4248 (which can not be counted as a leading diagonal down.

The following move up is a complex corrective pattern which could either have ended at 4231 as wave B with wave C down ended post NFP at 4061 (all the moves in this ABC consits out of ABC, so this moves should be correct labeled as WXY) or the sharp move up post NFP is a part of the wave B (up) (or better part of the wave X) (since this post NFP move up seems to be an impulse but structure - so far - does not clearly show an impulse).

If the latter one is true we should reverse again on Sunday, only to go higher again thereafter.

If it is the first one, we should see impulsive upward movement on Sunday/Monday (after a small drop) for the final waves up.

Another possibility is, that we likely will see a triangle here. If that is the case we will see (starting from Sunday night) a down - up - down sequence between 4248 and 4021.

Thereafter we should see a final move higher.

I do not think, that we have seen a final high already. If that would be the case, we would be down in a leading diagonal with wave 1 ending at 4021 and wave 2 ended at yesterdays high. But I think the retracement was too deep for a leading diagonal (in a LD retraces are normally between 62 and 83%).

So I think we may go higher in the next days.

3 good targets:

a) around 4250 - respecting the very importing downsloping TL on monthly TF which connect the highs at 1.6x and 1.5x (including a bit of overthrow)

b) around 4282 - respecting the last top there in November 2010 and building a nice double top

c) around 4360 - at this point, assuming the whole move up from 1.18 is a huge ABC, wave C is 0.618x wave A. Since this assumption/target is a target of first choise too in the stock markets for many indices, it might here come true too


A last word for the "impulse" up post NFP announcement:

This move up looks impulsive until it reached 4215 (look at 30min chart).
Then we got a wave down, then very corrective up to the top, from there corrective down.

For this to stay in impulsive (5 wave) mode, the movement from 4215 should evolve as a flat corretion. In this flat correction we would now be in wave C down. This wave C down should bring us back to 4205 or ideally to 4191.

If we run Sunday/Monday through 4160 without making a new high, we are in the corrective scenario described above.

When we respect the area between 4190 and 4175 we should see new highs very quickly.

The situation is very murky here and we can fulfill a lot of scenarios.

After a while I even found a (relatively) clear way to label the move up post NFP as impulse. See picture.

So we have to stay open minded and react to price action accordingly.


I wish all of you a nice weekend.

Markus


Edit:

Here is a count which should bring an immediate drop in EURUSD to stay true.

Wave blue 1 down counts a little bad especially on lower TF's, so this count is to be taken with a grain of salt. I still favor the scenario for a further move up, or that the impulse up on Friday was a truncated 5.

But on the other hand it would fit very good to what we see in UDX. Keep in mind that with date 03.21.2011 there were only 4% USD bulls left. Everyone seems to be positioned already for a further decline in USD. That bodes well for a sudden move up in USD or a decline in EUR.

http://www.forexfactory.com/showpost...stcount=417152



see my answer her to a post of Jaylovin


I leave the pic here:

i am 1.444 - ish.
besides being a natural big resistance it has fib confluence.
it would invalidate the wave down starting 3 november as wave 1.

Looking to short AU.
What do you think?

Hello, All,

I did a study on Usd-index. I felt a hard to do a wave counting on $usd-index. My view may be wrong. I just did a trial. But, I don't trade on Wave counting. So, I have to tell all.

Monthly, Weekly, and Daily wave counting are as follows. On monthly view, usd-index may free fall below 6 month moving average line.

In Macro fundamental, due to Japan used old nuclear reactors to secretly make nuclear bombs, and last largest earth quake caused nuclear crisis. This Japanese nuclear crisis will damage world economic recovery. Japan was an evil invader country, So, Japan may cause War III in 2 to 5 years, which will bring down world economic. So, $Usd may be in more trouble, bearish on monthly chart.

There are divergence showing up all over the place that indicate the us dollar decline is nearing a short/medium term bottom. Also, the price action over the last few weeks with the euro has not been what we'd expect to see in a 3 of 3 scenario.

Good My Good man!!

Like it , You get VOUCHER FROM MY SIDE!

Comment Update:-

USD/CHF

I see USD/CHF Now

a Break Out the Kumo Cloud with Span AB Cox over.

Best regards

Vincy

Day After Yesterday Story,


I Live in South of Part in Delhi, at Night about 21:15Hrs.
there is Lot of Crowd and people Burning Crackers, and Enjoy every Moment.


When I just turn On my Television "News". News Reporter Also Shouting.

The News Only Was Team India won ICC World Cup Cricket Match!


any how

Congratulation to Team India! on Behalf Elliot wave, Harmonic And Ichimoku in CHINESE STYLE Trend