1.3000 ?
Neely's NeoWave on €$, DXY, DAX & Bund: analysis & trades
- #145
- Apr 17, 2014 1:50am Apr 17, 2014 1:50am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
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if it is complete.
Elliott Wave for optimum entry, exit and risk management of trades
Nice … I like your count
On your daily count , you are referring on that flat with B-Failure! ,,,, I think it is common on corrective waves. Pg 11-8 from MEW book …( B-failure almost always takes place when a-wave is a double zigzag or double combination completing with a triangle ).
So this is a possibility ,,,,,,,,,
On your daily count , you are referring on that flat with B-Failure! ,,,, I think it is common on corrective waves. Pg 11-8 from MEW book …( B-failure almost always takes place when a-wave is a double zigzag or double combination completing with a triangle ).
So this is a possibility ,,,,,,,,,
- #147
- Apr 17, 2014 3:25am Apr 17, 2014 3:25am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Nice … I like your count On your daily count , you are referring on that flat with B-Failure! ,,,, I think it is common on corrective waves. Pg 11-8 from MEW book …( B-failure almost always takes place when a-wave is a double zigzag or double combination completing with a triangle ). So this is a possibility ,,,,,,,,, {image}
.Picked up some good pts. reading your previous posts, too.
Elliott Wave for optimum entry, exit and risk management of trades
- #156
- May 15, 2015 6:19am May 15, 2015 6:19am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
A 5th wave extension in wave [iii] of USDCAD.
This wave [iii] will be retraced more than 61.8% by the next wave (wave [iv]) of the same degree - therefore, a much deeper wave [iv] is projected.
ref. MEW Neely p. 10-10.
This wave [iii] will be retraced more than 61.8% by the next wave (wave [iv]) of the same degree - therefore, a much deeper wave [iv] is projected.
ref. MEW Neely p. 10-10.
Elliott Wave for optimum entry, exit and risk management of trades
- #157
- Edited 4:09am May 18, 2015 3:53am | Edited 4:09am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Due to sharp decline since May 2014 top, and the presence of a 5th wave extension (wave v) within wave (3),
PA of EURUSD Daily would most likely be a larger complex 3 waves 3-3-5 correction (4) that takes it back to 61.82% retracement of (3).
"The 5th Wave Extension is the only extended wave which should be consistently retraced more than 61.82% by the next wave of the same Degree
no matter what part of a larger scale the 5th wave is. ..." Ref.: MEW Neely p. 10-10
PA of EURUSD Daily would most likely be a larger complex 3 waves 3-3-5 correction (4) that takes it back to 61.82% retracement of (3).
"The 5th Wave Extension is the only extended wave which should be consistently retraced more than 61.82% by the next wave of the same Degree
no matter what part of a larger scale the 5th wave is. ..." Ref.: MEW Neely p. 10-10
Elliott Wave for optimum entry, exit and risk management of trades
- #158
- Edited May 29, 2015 2:08am May 28, 2015 9:35pm | Edited May 29, 2015 2:08am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Again, with presence of 5th wave extension in wave (3), could see deep retracement in USDollar, correlating with USDxxx pairs ( USDCAD, USDJPY.....).
Ref. MEW p.10-10.
Ref. MEW p.10-10.
Elliott Wave for optimum entry, exit and risk management of trades
- #159
- May 29, 2015 1:08am May 29, 2015 1:08am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Recent PA of USDCAD is developing an ending diagonal (c) wave down, with blue (iv) overlapping (ii).
Together with the requirement of the 5th wave extension presence in wave [iii], ref. MEW p.10-10,
- could see USDCAD retrace eventually to 1.1280 level before resuming uptrend.
"The 5th Wave Extension is the only extended wave which should be consistently retraced more than 61.82% by the next wave of the same Degree
no matter what part of a larger scale the 5th wave is. ..." Ref.: MEW Neely p. 10-10
Together with the requirement of the 5th wave extension presence in wave [iii], ref. MEW p.10-10,
- could see USDCAD retrace eventually to 1.1280 level before resuming uptrend.
"The 5th Wave Extension is the only extended wave which should be consistently retraced more than 61.82% by the next wave of the same Degree
no matter what part of a larger scale the 5th wave is. ..." Ref.: MEW Neely p. 10-10
Elliott Wave for optimum entry, exit and risk management of trades
- #160
- Jun 1, 2015 4:02pm Jun 1, 2015 4:02pm
- Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts
Master!!
everything good&coll bro!!? hope so..
I have this question, and like Im still learning, I remebered you!
I have this chart on 1hour Time frame for EurUsd, accordling to wave theory, in this situation you this the retracement is over and eurusd will return the bullish trend?
thanks in advance
everything good&coll bro!!? hope so..I have this question, and like Im still learning, I remebered you!
I have this chart on 1hour Time frame for EurUsd, accordling to wave theory, in this situation you this the retracement is over and eurusd will return the bullish trend?
thanks in advance
