I am not satisfied
Then shall we not label it ABC?
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DislikedGuys What do you think about this chart?. I have not put labels on it but you will get the jist of what I am getting at. Is it ok or complete tosh? {image}Ignored
DislikedHi fellow elliotters, I m glad that a thread like this exists. I learning ew.I observed that the count on the weekly chart of GBP/USD showed a triangle for wave 4. Thus,its completing A-B-C-D-E pattern. On the daily, I think we are in the final thrust up for a wave 5,after which we would correct to the down side and proceed lower for wave 5 in the weekly. Your opinions would be cherished. Thanks.Ignored
DislikedHi piptrapper,
I concur with your post.irresepective of our
Lettering or numbering,we have a downward
bias as the next leg.
I m waiting for the completion of the thrust
on the daily chart.I can't wait to ride it all the way to
the end of the triangle.
By labeling the triangle as B,we are anticipating C,which would go beyond the end of A.Ignored
DislikedI was doing a lot of elliot back in 2008-9-10. Nice days but it is hard to achive even 50/50 win ratio with elliot principle. it is almost a coin flliping...Ignored
Disliked{quote} Yeah 50/50 is pretty much what you'd get out of any system (including EW) if you are only relying on it exclusively. Confirmation via confluence is the key.Ignored
Disliked{quote} Moving Average Convergence & Divergence (MacD) and RSI/RSX for both momentum and divergence measurements. Third favorite is fibo price and time measurements.Ignored
DislikedBITCOIN Elliott Wave Analysis If somebody was lucky to buy BITCOIN when it was cheap I hope he does not have to see this chart to get out now even if this goes higher. This looks scary... {image}Ignored
Dislikedi think there would be a profit taking on bt coin. bitcoin community itself trying to make this thing more popular and gaining more users (at higher price), when they fail to add more users..it price may collapse but bitcoin itself still exist. just my 2 centsIgnored