Elliott Wave Trading

Quoting IPMan

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{quote} Last week Gold move, both are sharp corrections {image}. Bear impulse of gold, both corrections are flat. {image} Both appear spontaneously, are you still forcing both must alternate if market tells the opposite?

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Quoting skyhok

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{quote} Regarding your H4 chart: What is your wave count label at the top of 17th April? Does it synchronize with wave count in the longer time frame? Because that tells what type and extend of this preceding downward wave really is? Looking at minor wave count, your wave 1 doesn't look like an impulse but rather a downward leading diagonal, which seldom exist at the beginning of bear market. Since your wave 2 and 4 does not alternate in pattern and price etc., that helps in checking on the reverse, that is not a wave 4 at all. From the longer-term...

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Quoting Sixer

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Guys, calm down - why are discussions between elliotticans always so complicated ? May i remind you that the 10 years upmove (bullmarket) of Gold started 2001 and was finished 2011. The bearmarket started at 2011 and will last 20 years. This is the regular long-term Commodity cycle. The long-term cycle turning points (pink) indicate a ZigZag pattern for wave A ([A]--[C] - black) of this 20 years correction. The complete pattern could be a flat or even an irregular flat because to much money is available. Wave [C] low will go to the level of wave...

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Quoting aalperbk

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{quote} Yes sure. red levels are fib exp of blue A-B, blue levels are fib of red(ii) to black 1. {image}

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Quoting skyhok

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{quote} {quote} EURUSD wave 4 of ending diagonal c white reached a long-term target on Daily TF of 'at least 1.1200'. Eyes on 1.2900 area for a reversal. {image}

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Quoting skyhok

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EURUSD Tracking minor wave count on 5 min. for reversal - potential top @ 1.1267 as it's breaking minor channel lines {image}

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Quoting jpadvisor

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{quote} Great call Skyhok.

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Quoting skyhok

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USDCAD topping pattern Topping on hourly TF with an impulse wave c blue. Potentially dropping down towards 1.3405 before the final push up towards 0.6182 x wave 2, in the next few days. {image}

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Quoting Sixer

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skyhok, your outlook is to complicated, you don`t need any "new" Elliott developments to get the next step(s): The cycle consideration (Delta counts) shows that the corrective pattern from beginning of 2017 (LTD-4 low to LTD-5 high) will be corrected corrective also. See post #8488 for the bigger picture (Matrix counts). Sixer {image}

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Quoting skyhok

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{quote} Regarding ED rules, ED not only occur in 5th wave of impulse, but also take place in C wave of Corrections where it's most vital, as both EWI and MEW Neely suggested: 1. Elliott Wave International https://www.elliottwave.com/Trading/...Lesson-5-Video "Ending diagonals can form only in the fifth wave position of an impulse wave or the wave C position of an A-B-C formation." 2. Mastering Elliott Wave by G. Neely p.5-14 & 10-10, he called it Terminal Impulse.

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Quoting skyhok

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An EURUSD projection of wave c white down from May 2016 top: {image} Amazingly true! that wave Cs can either be 5 waves impulse or ending diagonal: {quote} An Expanding Ending Diagonal wave c white has been developing since May 2016 top, now setting up for the 5th wave down. {image}

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Quoting filostro

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{quote} In your charts I see that in 12345 waves in yellow, the end of wave 4 is below 1 and 5th wave is longer than 3rd wave, that, as I know, is against any rule of EA. Can you explain it please?

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