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Elliott wave outlook

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  • #9,321
  • Dec 2, 2013 12:58am Dec 2, 2013 12:58am
just crossed my mind, china-gold-bitcoin-bond-5 years china plan or something.
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,322
  • Dec 2, 2013 4:30am Dec 2, 2013 4:30am
Hi Elliotters,

I just had a revisit to the daily chart of gbp/usd and i think wave 5 is complete.Based on the equality of wave 1 and 5.


On the 1hr chart,you would find a bearish divergence.

I m of the opinion that we are heading south.
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  • #9,323
  • Dec 2, 2013 5:36am Dec 2, 2013 5:36am
Quoting jchidolue
Hi Elliotters, I just had a revisit to the daily chart of gbp/usd and i think wave 5 is complete.Based on the equality of wave 1 and 5. On the 1hr chart,you would find a bearish divergence. I m of the opinion that we are heading south.{image}
Well yes I would agree with the southbound direction, but we may still see one more test on the upside.
So I am positioning myself as follows...

Sell on a test of 1.6450
or
Sell rallies on a break, daily close and hold below 1.6325
Those who say it cannot be done should not interrupt those who are doing it
  • #9,324
  • Dec 2, 2013 6:10am Dec 2, 2013 6:10am
Quoting PipTrapper
{quote} Well yes I would agree with the southbound direction, but we may still see one more test on the upside. So I am positioning myself as follows... Sell on a test of 1.6450 or Sell rallies on a break, daily close and hold below 1.6325
Seconded...but we might not see 6450

Olu
If you think you can or cannot do it you are correct
  • #9,325
  • Dec 2, 2013 6:15am Dec 2, 2013 6:15am
Quoting Olu
{quote} Seconded...but we might not see 6450 Olu
Yes I realize that, but as long as that possibility still exists, I'm not selling from the middle of nowhere. I need price to bang it's head against resistance first.

ADD: a spike above 6420 will do also.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,326
  • Edited 8:45am Dec 2, 2013 6:31am | Edited 8:45am
Quoting PipTrapper
{quote} Yes I realize that, but as long as that possibility still exists, I'm not selling from the middle of nowhere. I need price to bang it's head against resistance first. ADD: a spike above 6420 will do also.
Yes, you are right. Also no weakness of GBP from fundamentals which is important to confirm that the wave 5 is completed.
Never test the depth of water with both feet.
  • #9,327
  • Edited 7:25am Dec 2, 2013 7:10am | Edited 7:25am
ooh. i remember that condition mentioned. near wave end...everything looks good.
hmm...so jpy and aud will start wave 1 maybe?everything looks bad
usd too
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9,328
  • Dec 2, 2013 9:06am Dec 2, 2013 9:06am
EURUSD
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  • #9,329
  • Dec 2, 2013 8:21pm Dec 2, 2013 8:21pm
Quoting PipTrapper
{quote} If you replaced the higher degree wave 4 and wave 5 with B and C, then I think you are on the right track, as the corrective abcde triangle is far too long in time relative to the prior impulse move to qualify as a wave 4. At least it is a probability anyway. There are alternates, but this is what I am watching at the moment. {image}
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,330
  • Dec 3, 2013 3:20am Dec 3, 2013 3:20am
Luis - are you already short this or when is good time for Pullback
check out the terrain - follow never lead
  • #9,331
  • Edited 5:22am Dec 3, 2013 4:25am | Edited 5:22am
Quoting alexandria
Luis - are you already short this or when is good time for Pullback
Let see if the indices topped. It that the case you should find out to buy spx @1740
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,332
  • Dec 3, 2013 4:26am Dec 3, 2013 4:26am
hi Luis it's all fine?
hope yes!
I'll Sell when price is heading to Hell
  • #9,333
  • Dec 3, 2013 4:34am Dec 3, 2013 4:34am
Quoting braintec
hi Luis it's all fine? hope yes!
Hi italian man
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,334
  • Dec 3, 2013 5:05am Dec 3, 2013 5:05am
Intraday Elliott Wave Outlook on AUDUSD
Ideally we will see three wave rally up in E which would be nice for shorts in the next 24-48 hours.
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  • #9,335
  • Dec 3, 2013 5:09am Dec 3, 2013 5:09am
one more high in GBPUSD complete 5 waves from 1.5860
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,336
  • Dec 3, 2013 5:15am Dec 3, 2013 5:15am
Kiwi near to key pivot 0.8265
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #9,337
  • Dec 3, 2013 11:56am Dec 3, 2013 11:56am
EurAud
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If you think you can or cannot do it you are correct
  • #9,338
  • Dec 4, 2013 10:17am Dec 4, 2013 10:17am
Quoting Olu
EurAud {image}

Price did not close below 4840 but rallied instead....

Olu
If you think you can or cannot do it you are correct
  • #9,339
  • Dec 4, 2013 10:18am Dec 4, 2013 10:18am
Dollar Index
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If you think you can or cannot do it you are correct
  • #9,340
  • Dec 6, 2013 11:01am Dec 6, 2013 11:01am
This is weekly DAX chart.

Comments? EDT is finalizing 5.



BR
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