Showing posts with label fx. Show all posts
Showing posts with label fx. Show all posts
Saturday, July 23, 2016
Monday, November 23, 2015
Alternate Elliott Wave Counts on the EURUSD
The most popular count on the EURUSD also subscribed to by major EW services is as below.
The Problem here is the red C wave that begun in May 2014 should have been 5 waves. This was all in order till the move from March 15, 2015 (1.04584) to March 27, 2015 (1.10558) which was supposed to be a 4th wave landed up extending its self into October 2015 and now is not symmetrically relevant to the whole pattern as a 4th wave. Breaking of the 1.04584 will anyway invalidate that count.
I therefore present an alternate count. An ABC with C as an ending diagonal of which 3 waves are definitely complete.
The 4th wave is most likely complete. The 5th wave A seems complete with a B and C pending and targets somewhere between. 1.04 and .9800.
I therefore present an alternate count. An ABC with C as an ending diagonal of which 3 waves are definitely complete.
The 4th wave is most likely complete. The 5th wave A seems complete with a B and C pending and targets somewhere between. 1.04 and .9800.
Labels:
$eurusd,
Elliott wave,
eurusd,
fx
Location:
Dubai - Dubai - United Arab Emirates
Subscribe to:
Posts (Atom)