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Elliott wave outlook

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  • #7,221
  • Feb 5, 2013 11:19am Feb 5, 2013 11:19am
Quoting venzen
Reverse divergence on the RSI suggests another higher high
Higher high than the .3596 or .3710. I believe another high then .3596 but not .3710
  • #7,222
  • Feb 5, 2013 11:27am Feb 5, 2013 11:27am
Quoting Luis Carlos
Ej should go higher for a new marginal high
This is why GJ i think just placed the high
Attached Image (click to enlarge)
Click to Enlarge Name: 13feb05.PNG Size: 54 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,223
  • Feb 5, 2013 11:28am Feb 5, 2013 11:28am
Quoting MeInGraySuit
Higher high than the .3596 or .3710. I believe another high then .3596 but not .3710
IF a new high develops it should be around 1.3620 by some quick Fib projections of the advance today
cryptocurrency everytime
  • #7,224
  • Feb 5, 2013 11:37am Feb 5, 2013 11:37am
Quoting venzen
IF a new high develops it should be around 1.3620 by some quick Fib projections of the advance today
Yea we will have to wait and see how this wave 5 of C turns out in momentum. I think like Olu-wankanobi the .3607-15 but pretty close to you. Then we will have to see if we get momentum downward, should be because of wave 3 down.
  • #7,225
  • Feb 5, 2013 11:41am Feb 5, 2013 11:41am
Free webinar tomorrow https://www3.gotomeeting.com/register/640400126
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,226
  • Feb 5, 2013 11:42am Feb 5, 2013 11:42am
Quoting Luis Carlos
This is why GJ i think just placed the high
That looks similar to EU on 1min chart. EU looks like a 5-3-5 zigzag for wave 2 is forming... not ruling out a new high yet, be patient for confirmation.

If a zigzag forms and does not exceed 1.36 then will pull the trigger.

For those of you who are more careful wait for price to move below the end of wave 1 at 1.3558
cryptocurrency everytime
  • #7,227
  • Feb 5, 2013 11:46am Feb 5, 2013 11:46am
Quoting MeInGraySuit
Yea we will have to wait and see how this wave 5 of C turns out in momentum. I think like Olu-wankanobi the .3607-15 but pretty close to you. Then we will have to see if we get momentum downward, should be because of wave 3 down.
Olu's target there seems about right - I was quick and dirty with the Fib tool to arrive at 1.3620.

Agree with you on the momentum as wave 3 kicks... RSI will cross the midline (50) and a fast stochastic should swerve to 0
cryptocurrency everytime
  • #7,228
  • Feb 5, 2013 11:54am Feb 5, 2013 11:54am
Quoting Luis Carlos
Free webinar tomorrow https://www3.gotomeeting.com/register/640400126
TY
  • #7,229
  • Feb 5, 2013 11:56am Feb 5, 2013 11:56am
eurusd

5th wave being done now. If analysis is correct then we go down hard

Olu
Attached Image
If you think you can or cannot do it you are correct
  • #7,230
  • Feb 5, 2013 11:56am Feb 5, 2013 11:56am
EU and EJ should be completing wave 2 soon - wait for confirmation they do not continue to new highs
cryptocurrency everytime
  • #7,231
  • Feb 5, 2013 11:58am Feb 5, 2013 11:58am
EJ possible
Attached Image (click to enlarge)
Click to Enlarge Name: 13feb06.PNG Size: 61 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,232
  • Feb 5, 2013 11:58am Feb 5, 2013 11:58am
Quoting MeInGraySuit
...Olu-wankanobi ...
If you think you can or cannot do it you are correct
  • #7,233
  • Feb 5, 2013 12:00pm Feb 5, 2013 12:00pm
Hi luis
please please target ej
  • #7,234
  • Feb 5, 2013 12:01pm Feb 5, 2013 12:01pm
Quoting crosswind
Hi luis
please please target ej
When you see 5 waves down the top is in place
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,235
  • Feb 5, 2013 12:09pm Feb 5, 2013 12:09pm
Good indicator divergence as price is rising shows a possible turning point, but here or above 1.360? not sure. As Luis says, wait for 5 waves down...

Attached Image (click to enlarge)
Click to Enlarge Name: EU_2013-02-06 01:06:19.png Size: 43 KB
cryptocurrency everytime
  • #7,236
  • Feb 5, 2013 12:18pm Feb 5, 2013 12:18pm
Guys the move from 1.3711 to 1.346 I only see 3 waves we need more confirmation for the top
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,237
  • Feb 5, 2013 12:22pm Feb 5, 2013 12:22pm
Maybe the last GJ chart I update with that wedge it is also just 3 waves and no 5... Need more confirmation
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,238
  • Feb 5, 2013 12:25pm Feb 5, 2013 12:25pm
Quoting Luis Carlos
Guys the move from 1.3711 to 1.346 I only see 3 waves we need more confirmation for the top
For sure and an important turn like this will happen at significant Fib levels - price is in the middle of nowhere right now
cryptocurrency everytime
  • #7,239
  • Feb 5, 2013 12:30pm Feb 5, 2013 12:30pm
I was forgetting this... let see if we get there.. so no sell yet. http://stks.co/q19f
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,240
  • Feb 5, 2013 12:34pm Feb 5, 2013 12:34pm
Quoting Luis Carlos
I was forgetting this... let see if we get there.. so no sell yet. http://stks.co/q19f
And S&P is at 1510 again right now. Dow is attempting a new advance high
cryptocurrency everytime
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