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Elliott Wave Trading

EUR/USD DAILY CHART

DOUBLE TOP "M FORMATION"

We may see a sudden drop to the 1.3115
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 44 KB
EUR/USD WEEKLY CHART

TREND-LINE ANALYSIS

We came edge of the trend-line. We can see a sudden drop to the 1.2750-1.3115 area.

BE CAREFULL !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.png Size: 53 KB
GBP/USD DAILY CHART

ELIOT ANALYSIS

It is on the top of "FIFTH WAVE"
After it we may see a sudden drop to the 1.5480

BE CAREFULL!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 49 KB
Quoting ud1nh0
{quote} oh. i have low level confidence too coz formed not 3-3-3-3-3
Yes, it was 3-3-3-3-3... You can't look at a chart and just use the major swing highs and lows... There were some intermediate deep Wave b of Wave iii's in that.
No I haven't got the wave structure wrong! I've corrected it!
Quoting davidsayli
EUR/USD WEEKLY CHART TREND-LINE ANALYSIS We came edge of the trend-line. We can see a sudden drop to the 1.2750-1.3115 area. BE CAREFULL !!! {image}
Could you kindly show me the trend please?

When doing so, do remember the definition of a trend:
Uptrend: higher highs and higher lows
Downtrend: lower highs and lower lows...
No I haven't got the wave structure wrong! I've corrected it!
Quoting davidsayli
EUR/USD DAILY CHART DOUBLE TOP "M FORMATION" We may see a sudden drop to the 1.3115 {image}
You are right , even if it isn'n elliott wave .
Quoting davidsayli
GBP/USD DAILY CHART ELIOT ANALYSIS It is on the top of "FIFTH WAVE" After it we may see a sudden drop to the 1.5480 BE CAREFULL!!! {image}
Don't rush . It's possible to be only 3 waves, and wave 3 is still not completed. Probably will follow the wave 4 .
Quoting Ian Copsey
{quote} Looks like my first estimate above was right... Wave [a] seen and now a pullback in Wave [ b ]
The direct rally is more indicative that the high is imminent.
It could either in place now or will by around 1.3800-10 to complete Wave [c] / [v]. The 1.3800-10 area is the 50% projection in Wave [v].
Expect a correction lower. I'll be using USDCHF as a proxy to determine the likely stalling area since USDCHF will see a Wave [iv] which is simpler to identify.
No I haven't got the wave structure wrong! I've corrected it!
Quoting Ian Copsey
{quote} The direct rally is more indicative that the high is imminent. It could either in place now or will by around 1.3800-10 to complete Wave [c] / [v]. The 1.3800-10 area is the 50% projection in Wave [v]. Expect a correction lower. I'll be using USDCHF as a proxy to determine the likely stalling area since USDCHF will see a Wave [iv] which is simpler to identify.
Sorry Ian , but I think that will follow a correction . Target 1,3670 . The maximum is possible to be 1,3794 - wave-5 failed ( in CEW ) .
Attached Image (click to enlarge)
Click to Enlarge Name: Eur-Usd - H1 - 11.12.2013.jpg Size: 314 KB
Quoting ovidiu_gnt
{quote} Sorry Ian , but I think that will follow a correction . Target 1,3670 . The maximum is possible to be 1,3794 - wave-5 failed ( in CEW ) . {image}
Oh, I thought you were bearish from 1.3626...

How come you've changed your wave count so many times?
No I haven't got the wave structure wrong! I've corrected it!
Quoting Ian Copsey
{quote} Oh, I thought you were bearish from 1.3626... How come you've changed your wave count so many times?
I adapted from the market - post 6374, if you wait for the market to do what you want, you lose.
that possibly a big A in daily if stopped at that price. it did not meet expectation of C terminal impulse
im confused too, to count it the fifth segment from 3524/23/25
not meeting a wave 2 coz retrace more than wave 1 start. overlap 362x top at nfp. gap lost wave at 3748. and a wedge before 379x.
if C wave terminal, it should minimal at 3850
but that downward move conclude the e wave top (3832) of expanding triangle. c small (3830-3295) then C terminal should be minimum 3850.
if this is A big (5 wave) then it should retrace as zigzag requirement rite?
if this a wave iii. why its touching 362x at nfp low..
hmmmm
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
Quoting ud1nh0
that possibly a big A in daily if stopped at that price. it did not meet expectation of C terminal impulse im confused too, to count it the fifth segment from 3524/23/25 not meeting a wave 2 coz retrace more than wave 1 start. overlap 362x top at nfp. gap lost wave at 3748. and a wedge before 379x. if C wave terminal, it should minimal at 3850 but that downward move conclude the e wave top (3832) of expanding triangle. c small (3830-3295) then C terminal should be minimum 3850. if this is A big (5 wave) then it should retrace as zigzag requirement...

im using line angle as mr iwavetrade sugested. its 3rd segment up completed from 3525,
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
Quoting ud1nh0
that possibly a big A in daily if stopped at that price. it did not meet expectation of C terminal impulse im confused too, to count it the fifth segment from 3524/23/25 not meeting a wave 2 coz retrace more than wave 1 start. overlap 362x top at nfp. gap lost wave at 3748. and a wedge before 379x. if C wave terminal, it should minimal at 3850 but that downward move conclude the e wave top (3832) of expanding triangle. c small (3830-3295) then C terminal should be minimum 3850. if this is A big (5 wave) then it should retrace as zigzag requirement...
wave (a) - triple zigzag
wave (b) - flat with strong wave-b and failed wave-c
wave (c) - possible failed wave-5(?)
Attached Image (click to enlarge)
Click to Enlarge Name: Eur-Usd - H4 - 11.12.2013.jpg Size: 315 KB
Quoting ud1nh0
{quote} im using line angle as mr iwavetrade sugested. its 3rd segment up completed from 3525,
You attach the chart
Quoting ovidiu_gnt
{quote} I adapted from the market - post 6374, if you wait for the market to do what you want, you lose.
It's even better if you can spot that it's an impulsive structure and not corrective... However, we can talk about that next month when it gets above 1.3832.
No I haven't got the wave structure wrong! I've corrected it!
Quoting Ian Copsey
{quote} It's even better if you can spot that it's an impulsive structure and not corrective... However, we can talk about that next month when it gets above 1.3832.
OK , will see .
this thing should not overlaped 3575 TOP to be called as impulsive, and key to get past 3855 is to test 3610
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
Quoting ud1nh0
this thing should not overlaped 3575 TOP to be called as impulsive, and key to get past 3855 is to test 3610

impossible maybe..so confusing...
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
Quoting davidsayli
GBP/USD DAILY CHART ELIOT ANALYSIS It is on the top of "FIFTH WAVE" After it we may see a sudden drop to the 1.5480 BE CAREFULL!!! {image}

Davidsayli might be right. My target to go short GPB USD 1.6473
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