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Elliot wave, Harmonic And Ichimoku in CHINESE STYLE

  • #7,021
  • Mar 7, 2012 3:40pm Mar 7, 2012 3:40pm
Quoting siaheng
This is EU zig zag elliot diagonal waves, 4H chart show strong support at 1.3105 as median pitchfork, it also 78.6% strong Fibonacci support from the high to waves 2.... if the price didn;t break waves 2, we still can form diagonal wave to wave 5,,,, targeting 1.3728 (1.618 extension from wave 4),,,
Hi Siaheng,

how is life in Malaysia going on? :-)

Do you have a long term count supporting your view?
  • #7,022
  • Mar 7, 2012 3:42pm Mar 7, 2012 3:42pm
Quoting SnactchiFX
Attachment
in your red wave 3 you have overlap of orange 1 and 4
  • #7,023
  • Mar 7, 2012 3:46pm Mar 7, 2012 3:46pm
Quoting infinitus
in your red wave 3 you have overlap of orange 1 and 4
In Elliot waves , we still can form Diagonal waves if waves 4 overlap waves 1... In fact, some times I think Harmonic waves count more accurate than Elliot waves theory.
  • #7,024
  • Mar 7, 2012 4:49pm Mar 7, 2012 4:49pm
Quoting siaheng
This is EU zig zag elliot diagonal waves, 4H chart show strong support at 1.3105 as median pitchfork, it also 78.6% strong Fibonacci support from the high to waves 2.... if the price didn;t break waves 2, we still can form diagonal wave to wave 5,,,, targeting 1.3728 (1.618 extension from wave 4),,,
Thank you! what about gold?
You can see my counts for xauusd and xaueur here http://www.forexfactory.com/showthre...06#post5453706
Lehman Sisters Wouldn't Have Failed
  • #7,025
  • Edited 7:29pm Mar 7, 2012 7:02pm | Edited 7:29pm
Quoting Blythe
Thank you! what about gold?
You can see my counts for xauusd and xaueur here http://www.forexfactory.com/showthre...06#post5453706
Based on harmonic waves count , I found B is 0.67 retrace from High, it will give us clue it will form Butterfly pattern on D point .... I expect Gold will hit 2029 - 2086 before reverse ...... My question is, if EU tumble now, we totally cant see gold hit $2000 by this year, EU is highly correlated with Gold .....
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 39 KB
  • #7,026
  • Mar 7, 2012 8:10pm Mar 7, 2012 8:10pm
Quoting siaheng
In Elliot waves , we still can form Diagonal waves if waves 4 overlap waves 1... In fact, some times I think Harmonic waves count more accurate than Elliot waves theory.
Hi Siaheng,

you may go back to the EWP's section about diagonals. They can appear in an impulse in wave 1 or wave 5 position (leading diagonal, ending diagonal), but never, repeat, never, in a wave 3 position.

Also they can appear in an ABC in wave A and C position
  • #7,027
  • Mar 7, 2012 9:29pm Mar 7, 2012 9:29pm
C:UserssamiDocumentsforcasting2012-03-07_2123.png
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-03-07_2123.png Size: 45 KB
  • #7,028
  • Mar 8, 2012 6:45am Mar 8, 2012 6:45am
It turned out to be elongated zz instead of 2 zz combination
Attached Image (click to enlarge)
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Lehman Sisters Wouldn't Have Failed
  • #7,029
  • Mar 8, 2012 1:27pm Mar 8, 2012 1:27pm
Quoting Blythe
It turned out to be elongated zz instead of 2 zz combination
I think we wont break 0.786% support to E, If market tends to break lower, i assume the trend will go lower instead of heading up again to (c), Furthermore, Gold already in correction 50%... If EU go to E, what would expect for Gold ? Anywhere, this is just my analysis....
  • #7,030
  • Mar 8, 2012 3:06pm Mar 8, 2012 3:06pm
Quoting siaheng
I think we wont break 0.786% support to E, If market tends to break lower, i assume the trend will go lower instead of heading up again to (c), Furthermore, Gold already in correction 50%... If EU go to E, what would expect for Gold ? Anywhere, this is just my analysis....
there will be a pullback in gold. xaueur is going up, so the drop in eurusd will be more substantial than in xauusd.

And, on top of that, EURUSD loves failed H&S patterns (or whatever looks like H&S for the newbies)
Attached Image (click to enlarge)
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Lehman Sisters Wouldn't Have Failed
  • #7,031
  • Mar 8, 2012 6:11pm Mar 8, 2012 6:11pm
M15 3270 marks the end of bullish signal from 3150. retrace might be limited, see H1

H1 has seen bullish kumo breakout today. Kijun support at 3130 was ideal entry point and kumo breakout at 31760 saw very strong first candle.

H4is now on the verge of bullish confirmation however PA is below flat top Kumo.
Support at 3220 and 3200
Resistance 3284 through to 3320
Attached Image (click to enlarge)
Click to Enlarge Name: 120308_eu_h1.gif Size: 21 KB
  • #7,032
  • Mar 9, 2012 10:20am Mar 9, 2012 10:20am
Quoting Blythe
It turned out to be elongated zz instead of 2 zz combination
Here we go...
d-wave was weaker than expected, now e-wave low should be around 1.2860-1.2890
Attached Image (click to enlarge)
Click to Enlarge Name: eur-09.png Size: 25 KB
Lehman Sisters Wouldn't Have Failed
  • #7,033
  • Mar 9, 2012 2:00pm Mar 9, 2012 2:00pm
Quoting Blythe
Here we go...
d-wave was weaker than expected, now e-wave low should be around 1.2860-1.2890

A= 13485 High ,,B =13095 AB= 78.6% retace XA
C=13290 BC= 50% retace
X = 12973

when B= 78.6% from X , it give us clue butterfly pattern

D = 1.272 (12833) to 1.414 ( 12761).. perhaps, the price haven't reach 12833, like you mention,,,,,,, lets see.....



Now, is good time to Short the EUR and expect the price will break 12973 and buy when in form harmonic butterfly ....
  • #7,034
  • Mar 9, 2012 2:35pm Mar 9, 2012 2:35pm
Quoting siaheng
A= 13485 High ,,B =13095 AB= 78.6% retace XA
C=13290 BC= 50% retace
X = 12973

when B= 78.6% from X , it give us clue butterfly pattern

D = 1.272 (12833) to 1.414 ( 12761).. perhaps, the price haven't reach 12833, like you mention,,,,,,, lets see.....



Now, is good time to Short the EUR and expect the price will break 12973 and buy when in form harmonic butterfly ....
technically, she can slide to 1.2780 where e=c but the probability is low. I'm pretty sure that we'll take out January' opening of 1.2945. 1.2870 is also 61% fib ret of wave (a)
Lehman Sisters Wouldn't Have Failed
  • #7,035
  • Mar 9, 2012 3:08pm Mar 9, 2012 3:08pm
If we see the White, ABCD butterfly reversal in previous days.... it now retrace almost exactly fibo with red ABC..... B retace= 0.854 from X,,,,, C retrace = 0.447.... then D = 80.85--80.95 as reversal point.....
Attached Image (click to enlarge)
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  • #7,036
  • Mar 9, 2012 3:30pm Mar 9, 2012 3:30pm
Quoting siaheng
If we see the White, ABCD butterfly reversal in previous days.... it now retrace almost exactly fibo with red ABC..... B retace= 0.854 from X,,,,, C retrace = 0.447.... then D = 80.85--80.95 as reversal point.....
Interestingly, neowave gives 80.73-80.88 as a reversal level
Lehman Sisters Wouldn't Have Failed
  • #7,037
  • Mar 9, 2012 3:32pm Mar 9, 2012 3:32pm
Quoting siaheng
Based on harmonic waves count , I found B is 0.67 retrace from High, it will give us clue it will form Butterfly pattern on D point .... I expect Gold will hit 2029 - 2086 before reverse ...... My question is, if EU tumble now, we totally cant see gold hit $2000 by this year, EU is highly correlated with Gold .....
By the way, did you notice decoupling between eurusd and gold today?
Lehman Sisters Wouldn't Have Failed
  • #7,038
  • Mar 9, 2012 4:54pm Mar 9, 2012 4:54pm
Quoting siaheng
Based on harmonic waves count , I found B is 0.67 retrace from High, it will give us clue it will form Butterfly pattern on D point .... I expect Gold will hit 2029 - 2086 before reverse ...... My question is, if EU tumble now, we totally cant see gold hit $2000 by this year, EU is highly correlated with Gold .....
We will not see 2000$ for while it will drop Hard in my view
matter of time and see 1613
Where ARE YOU VINCY!??
  • #7,039
  • Mar 9, 2012 5:01pm Mar 9, 2012 5:01pm
Quoting egkid
We will not see 2000$ for while it will drop Hard in my view
matter of time and see 1613
Where ARE YOU VINCY!??
Hi, egkid!
How've you been?
Lehman Sisters Wouldn't Have Failed
  • #7,040
  • Mar 9, 2012 6:57pm Mar 9, 2012 6:57pm
Quoting egkid
We will not see 2000$ for while it will drop Hard in my view
matter of time and see 1613
Where ARE YOU VINCY!??
Hi Egkid,

support your view on Gold, probably much lower thereafter.


Yes, where is Vincy? Maybe he abandoned his place because to many people with bad Elliott wave here? LOL
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