Harmonic Elliott Wave (HEW)

EURUSD 6H Charts:
Looks like we have a Lower High?
[Testing Renko strategy with very small Short position]

Sell 1.1325
SL 1.1341 [16]
TP ~1.1260 [65]
Cheers, U2

Short update....
I think this was the low....we also touched the low of the channel. I think we can go until 1,1367-78-89 and max 1,1412 (I expecting in first instance a hold around the mid-channel)
That would the end of this wave a. I then expect a wave b downwards maybe medium deep then the last up-move.

http://www.forexfactory.com/attachme...1&d=1471970910 http://www.forexfactory.com/attachme...1&d=1471970955

XAUUSD 12H Chart:
So far, it looks like a Bullish Triangle forming to me.
Cheers, U2

DOW 6H Renko Chart:
[Spanning 1 months data]
Cheers, U2

XAUUSD 2H Chart:
Correction complete?
Long 1320
SL 1313
TP 1404 - 10
Cheers, U2

My view in GJ

XAUUSD 2H Chart:
Correction over?
Cheers, U2

Looks like you're on track,
and it's correcting!
Cheers, U2

XAUUSD DLY Chart:
HEW Triangle wave [b] [iii]?
Cheers, U2

FTSE 100

The FTSE has made a new all time high this week which clarifies the structure. The upside is probably very limited with a green wave -v- 50% projection at 7330.

FTSE100 12H Chart:
Short: 7047 SL: 7065 [-18] TP: 6702 - 6606 [+345, +441]
[RR 1:20]
Edit: SL BE
Cheers, U2

ASX200 Chart:
Looks like the Aussie lead the way?
Cheers, U2

DAX WLY Chart:
Count correct?
Cheers, U2

DAX

I think we are near the end of a 3-wave correction on the DAX. The wave iii projections are pretty good at 286.64 and 366.75. If correct the peak lies somewhere above 10806.
Lower degree wave v:
66.7% at 10820
85.4% at 10885
This suggests the higher degree wave v will be around 38%.

DAX

We may be in a final wave iv before the peak. I've moved the wave iii up to the latest peak, a 538% projection.
A move down below 10590 would confirm the final peak.

Target is below the February low at around 8600.

Thanks for the update biz.
It may coincide with an anticipated DOW structure.
Cheers, U2

Hi U2,

If we see the move down to the 8600ish area, I think that may be the completion of a double zig-zag CORRECTION. This may be just a wave iv in the bigger structure and require a move to a new all time high.

Let's wait and see what happens.

DAX

No sign of any harmonic movement, so I think we need another low below 10629.

DAX 12H Chart:
Maybe Wave iv?
Cheers, U2

Hi U2,

There's a strong possibility that the wave iv is in place. 58.7% wave iv is extreme.

I've identified 3 or 4 5-wave moves down and the rest has been a mess. There could be an argument for a triple three. There's definitely no abc move so no complex correction.

The move out of the low seems to have produced a wave (a), the wave b of iii was 98%, this would be the only concern. The rest of the ratios were really good.

I think we are still on for a move up above 10829 to complete the correction, and for heavy losses to resume down to the 8600 area.

I think this move is going to be very swift probably complete before the end of the year.