DislikedDue 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 {image}Ignored
- #162
- Jun 1, 2015 6:55pm Jun 1, 2015 6:55pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #163
- Jun 1, 2015 8:06pm Jun 1, 2015 8:06pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #165
- Edited 5:12pm Jun 3, 2015 12:36pm | Edited 5:12pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #166
- Jun 4, 2015 12:54am Jun 4, 2015 12:54am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #167
- Edited 10:03pm Jun 15, 2015 7:16pm | Edited 10:03pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #171
- Jul 6, 2015 11:09pm Jul 6, 2015 11:09pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #173
- Nov 18, 2015 1:52am Nov 18, 2015 1:52am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades