Elliott wave outlook

Hi Luis,

Came to see you as per your comment on my profile.

Head and Shoulders completed as per H4 and support held at 1.3000

Next trading pattern I suspect is a triple dive (or simple 1-5 wave) starting from 1.34200,

target would be below 1.30000, although I opened short at the 38.2 fib @ 1.3134 targeting 1.3050

this would not complete E-wave (5-wave) unless a brake below 1.3000 occured, not betting on that one happening just yet, although more good news out of the US could see it happen.

Is the EU going to hold the magic .31668 Number????? My sell limit hit .3155. We need OLU to push it down now.

Olu, where are you ? We need you to help us pushing EU down....

Guys I am trying my best pushing the dollar index up...

Olu, you need to push it fast before Franky open. I think there are alot of people that want US equities to fly past that 14k number and that might happen tomorrow. So keep pushing. Now let me do some calculations on the 5th wave ending....

So for you, MIG, wave 4 is finished already at 1,3161, right ?

Ok here is what I have. Wave 1 of C and 3 of C are about the same, however, wave 3 is about 7 pips longer, so wave 5 may give us 38.2%, 50.0% or 61.8% of wave 1 and 3 combined, starting at the top of wave 4 for measurements (for the newbies). So we are looking at .30143, .29690 or 1.29237 respectively. Now what makes the most since to me is fundamentally the push to US equities I am looking at .30143 which is slightly below the current low. It makes the most since. However, one more thing to look at. There is a slim chance that 161.8% might come into play. EWP says one out of the 3 impulse waves is usually extended, so if 1 and 3 in our senario are similar then wave 5 MIGHT and I say MIGHT be extended. So that exit is .25399. NOW THAT WOULD BE A RIDE...my choice is slightly below the low, .30143, but let your profits SOAR. Unless some really bad news comes in to send us down that is what I see. Anyone else want to comment?

Yep, on the hourly I see 5 waves up on the 5th wave, so she should be finished.

Also check out the bearish divergence on the MACD on the 15 and 5 min charts.

thks MIG. 1,30 is strong support. Let's see what happens.

Whats up give this week will end the move down at euro dollar below 1.2950, then should go up, after we will see if we need more correction or we going above 1.37

Whats up guys this week will end the move down at euro dollar below 1.2950, then should go up, after we will see if we need more correction or we going above 1.37

Do you think we will have enough push to get to .2950? I hope so.

Gidday Luis

Any ideas on this EUR/YEN

you guys hanging on for 117

I am still hanging on to a small long

Bit scared to take an extra long

someone might pull the chain at any time

Hello everybody. EU still strong to fall...markets waiting for the Unemployment Claims ? What do you think ?

Good Morning All! Looks like .31668 held.

Falling fast on EU! Loving it!

Hi MIG (I'm also enjoying this down wave). Now let's see where this wave 1 of 5 take us....

Now I expect a down move for wave c .

Hi Tim,

New to posting here, but not new to EW. The subdivisions of your count make no sense to me. From where your red 'x' is for minor 'a', pico 1 is a straight shot down, but then waves 3 and 5 are ABCs. So why it has the look of an impulse, your bars say otherwise.