Harmonic Elliott Wave (HEW)

DOW 15M Chart:
Rough HEW count.
Cheers, U2

DOW 30M Chart:
http://www.forexfactory.com/showthre...44#post8956744

Cheers, U2

DOW 1H Chart:
Cheers, U2

http://www.forexfactory.com/showthre...43#post8958243

DOW:
http://www.forexfactory.com/showthre...13#post8958313

Cheers, U2

DOW 1H Chart:
Cheers, U2

DAX Update

The DAX is due a 20 week low which might well have happened today. There is still the possibility of a further 3-wave move higher above 10497 to complete a triple 3 wave (iv).

The previous blue wave (b) has been broken which is ok as long the previous wave (x) is not broken at 9393.

Very VERY rough DOW 5H Chart.
[Edit: US30 Futures]
Waiting patiently for THE TOP.
Cheers, U2

Maybe not so rough!
Some very nice HEW ratios for wave [a] of wave [v]
Wave iii 376% projection of wave i.
Wave v 58%.
Good alternation between waves ii and iv [110%].
Cheers, U2

XAUUSD 12H Chart:
Possible Triangle Correction?
Cheers, U2

DOW 12H Renko Chart:
Correcting?
Awaiting reversal top.
Cheers, U2

DOW 12H Renko Chart:
There may be a worthwhile Long trade from ~18450 / 400.
Targeting 18740 / 875.
Cheers, U2

(Yesterday I placed this also in the EURUSD thread)

For the coming session I just finished my homework.

The HEW count is suggesting that we indeed saw the high at 1,1366.
For now I tried to identify the new down-wave. It looks we can hold the wave a/i around 1,1235 as far I can see now..
For now I believe we did not see the wave b/iii at the moment and I believe we still can see here a high at 1,1238-42
I estimated the coming small waves as follows
wave iii: 1,1264 - 58
wave iv: around 1,1288
wave v: around 1,1243-34 eventually 1,1225
that must be the wave a/i and so we expect from here a retracement to the wave b/i. It's a b-wave so it's unpredictable how deep it will be. Is it just a zig-zag or is it a complex retracement as eg a flat or expanded flat..? I watch the intern count at that time for more information and eg. fibs or pivots for an eventuall turning points.
http://www.forexfactory.com/attachme...1&d=1471799765

I see that Ian is talking about a Dollar Bearish environment for the coming +/- 2 weeks. (http://harmonicelliottwave.blogspot.de/)
If true then my count isn't correct. For now it looks oke but if wrong then I believe we did not see our major wave b at 1,1714.

I now try to find a correct count with this info....but for now I didn't find it....

I can't find a correct count that is rectifying a move above the wave b (1,1714) at the moment.
Maybe there is a problem with the current green wave i and ii..

See as alternative the red-count.... but also here I can't find a correct alternation in the red wave a/i....

btw....for now I follow the old-count I have.... if the alternation for the current wave isn't correct (for now it looks fine....) then I can consider a switch I think. I just wait for the next moves in the EURUSD

@uturn2: how does your indicator looking around this waves?

EURUSD @uturn2: how does your indicator looking around this waves? {image}[/quote]

EURUSD 12H Chart:
Still down?
Correction or reversal is the big question?
I wouldn't be taking Longs,
and am biased Short.
[Though this may be due to your count!]
This could be wave a of wave i [down]?
This would be confirmed by a lower high wave b.

Cheers, U2

EURUSD 12H Chart: Still down? Correction or reversal is the big question? I wouldn't be taking Longs, and am biased Short. [Though this may be due to your count!] This could be wave a of wave i [down]? This would be confirmed by a lower high wave b. Cheers, U2 {image}[/quote]

Thanks,

Indeed correction or reversal.... this morning I was sure....bearish. Then I readed the daily blog of Ian ....and he is talking about Dollar bearishness for coming +/- 2 weeks...well that makes me uncertain about my count. I already closed my 3 sells.
I searched for valid bulishness counts but I can't see any.
Besides that In the 4H-chart it looks if the MarketRhythm is coming to an end...below the ema21. I expect form MarketRhythm perspective a close above the ema21 and then beck to the sma89. Then there must be establish a new rhythm (up or dow). From the otherside...it also looks if there is a channel that must be broken... below the direction and first resistance from MarketRhythm perspective....

So....In my opinion it looks still bearish...but I'm not that certain anymore because of Ians blog....

Well...well...well indeed this last moves looks bullish!!

I don't know how it must fit in the rest of the count...but this indeed looks bullish.......

I changed to bullish now....

Because the count from yesterday wasn't working as I expected and a higher high with a bearish count wasn't make sense at the moment I searched for a bullish count.

For now I think we are still in the triple (last zigzag) and then in the wave c/v of the wave {a} from the zigzag.
I think we can see the high of the wave {a} around 1,1380 - 1,1412-26
But first I expect a move down to the DP then I expect a bullish day untill we reach the high as stated above
Then I look for bearish confirmation for the wave {b}. Probably this is a deeper retracement.... but we need to follow the counts and hopefully it is showing us the correct way!

ps. I'm not that sure of this count...if tomorrow is showing the expected behavior then I'm sure it's oke to work with it in the coming sessions.

DOW 6H Charts:
Correction complete?
Cheers, U2

EURUSD 6H Charts:
May be running out of steam?
[This would support a bearish outlook if we get a lower high?]
Cheers, U2