Harmonic Elliott Wave (HEW)

Hi ud1nh0,

You said it's c up and c down..... can you imagine that I do not have a clue where you talking about? where do you main c up is situated...and where do you mean c down is situated.

It would be very enlightening if you give us an image about your thoughts

Why is a flat correction very bullish? I mean when it is then efc = i and then we still in a down move...or do I miss something? (don't look to the levels in the image. It's just wanted to show the direction what I ment....)

I still looking to the double-Z what you mentioned...

I believe with the double Z you mean this.....

(don't look to the levels in the image. It's just wanted to show the principle)

Because an expanded flat is a corrective pattern and once complete following Wave efc the underlying directional wave will resume beyond the Wave efb...

I think he means the possible double correction (ABCXABC) from the 1.347.

I was afraid of the possibility, especially how price fell over the last day or so. I guess this can still be considered a HEW wave ii. We're starting to see bearish divergence. I've got it on the 4H charts.


In Neowave, it's a possible extracting triangle with this wave-e also a double correction. I dislike how many retail traders are shorting it right now. Makes me feel like I only have bearish goggles on.

It's actually surprising that all the wave traders I read or follow are trying to short EURUSD. That also worries me. We can't all be in the right direction? LOL

Thanks iwavetrader, So this is ment?!

Not looking good... $INX has just broken down...

I still have divergence on Eurusd 4 hour with RSI and macd

3727?

Hourly maybe ... but not 4-hour on my RSI... but actually the 4-hour hasn't seen a trend so is probably irrelevant...

I think we're in a final wave C of wave V. The wave B of wave V ended in August, 2011. Within the wave C we are in wave b of wave iv which appears to be a double zigzag. The wave x seems to be an expanded flat. So I think we need a deep wave b followed by a final wave c to complete the wave b of wave iv.
We then need a wave c of iv. A 50% retracement of wave iv would get to 5872. This would then allow a 61.8% projection in wave v to 7160. This would tie in with a 61.8% projection in the larger wave C of wave V.

this chart is about the NZDUSD

Thank you all guys, is there any good Elliot wave or harmonic wave indicator?

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FTSE Update

I believe we're in the final move higher of a triangle wave b of wave (iii) which started in June 2013. We need a 50+% correction in wave -iv- to allow room for wave -v- to stay below 6875.

Hi Bizbop,

Thanks for sharing.

Would like to ask and confirm your thoughts for the day, week and month if you have any regarding the FTSE.

Just like to know do you feel this will continue long and to what sort of target as I realise 6880s was the last swing high.
Or do you perhaps feel the move up will run out and see a sell off into May?

Thanks again for your input...

Alex

Hi Alex,

If the move down from May 2013 , blue wave (a) was a 5-wave move then the move up since then maybe a wave (b). If that's the case then 6875 should cap any move higher and we should see a move lower below 6000. That would complete the MINIMUM required which would be an abc correction in wave (iv).

If the wave (b) is an irregular triangle then the last leg ^e might fall short of 6875.

Thank you bizbop.

My sentiments exactly! You know what they say, "Sell in May, walk away, come back in September".

Wouldn't surprise me to see some kind of sell off sometime in May

Hi Alex,

I also use cycle analysis and wasn't expecting a major sell-off until the end of the summer.

I was very surprised to see how quickly the FTSE rose without any significant pullback.

Wave -ii- was 50% and lasted 2 hours. I am expecting a pullback below 6700 and a complex correction wave -iv-, before a move above 6840 to complete wave -v-. I don't think this is going to finish in May.

I have the following downside targets should it break back down to 6500s.

Based on the last swing high to 6880s down to 6490s.

6710 - 38.2% Fib
6670 - 50% Fib
6630 - 61.8% Fib

FTSE often likes the 61.8%.

Needing to clear 6770s for the moment though for the above targets to be valid