Get started

Elliotwavecount

Possible Flat correction...Hi All, Ive been racking my brains to see why EUR keeps rallying even though maximum fib extensions of 686% has been reached; but I think I have a possible solution which makes perfect sense! IT'S A FLAT CORRECTION!!!!!! (3-3-5) In the bigger picture from my previous post, I am expecting a bigger ABC correction to close the gap which I think is still happening due to the nature of the previous impulse wave reaching the max fib extensions as I mentioned above signifying a move has finished. In terms of how this current move fits into that scenario, wave (a) and (b) are complete and (c) is currently in play to complete the flat - once (c) wave is done, the bigger wave A will be complete. We have a few big USD announcements (NFP in particular) this week which could help to push this pair down as EUR is extremely overbought. Let's see what the next 2 days of trading brings as my shorts are still holding nicely. Happy Trading! Don
Short
by donaldsaw
US Oil Short Weekly Chart Monthly chart already Published Here is my Weekly chart with Bit more explaining the short wave . Short From 56.50 till 20.00 will be in ABC Formation ( As it is a Corrective Pattern ) Further division of ABC as bellow : A= 12345 B= abc C = 12345 Trade Plan :: Lets wait for the Completion of X at 56.50 I will wait for (i)of A to complete (ii) of A will be a Pullback there after a Congestion I am going to enter into short trade at start of (iii)of A many happy green pips to you all Elliot Wave By mazchaudhry Trade at your own Risk .
TVC:USOILShort
by Elliot_Wave_Reloaded
GBP USD Wave Count Hi to Every one !!!! Let me divide wave count from Monthly Chart to Daily chart On Lower Time Frame H1 and 15 min you can easily Divide it into Sub wave or mini waves On Monthly Chart We are in Main 4th wave Wave 4 = ABC Formation . Main Wave A and B of monthly charts are complete already We are in Middle of wave C now Wave C = 12345 Sub Of Wave C ,,,, 1 and 2 are Complete already We in middle of Sub wave 3 at this moment on daily Chart Sub Wave 3 = 12345 ( Mini Wave ) Mini wave 1, 2 , 3 , 4 Of Sub wave 3 Complete already . We are dealing with Last Mini wave 5 at this moment on Daily chart to H1 Chart these days . This mini wave 5 can further be Divided into 5 parts as below for High Probability / potential trades . i = (Down Sell) = will end up at 1.2200 area ii = (UP Buy )will end up at 1.23900 iii= ( Down Sell ) will up at 1.18000 iv = ( Up Buy ) will end up 50% Retracement of iii Or ( Below 1.21900 ,,,,,,of i 's Low ) v = ( Down Sell ) Will end up at 1.16000 area At 1.16000 We will end up with mini wave wave 5 as well Sub wave 3 of Monthly chart After this ::: 1.16000 Sub Waves are going to Proceed ::: Sub wave 4 = ( Up Buy ) =From 1.16000 to 1.30000 Sub wave 5 = ( Down Sell ) = From 1.3000 to 0.9500 Wish you many many pips
Short
by Elliot_Wave_Reloaded
1
GDX Quad-Timescale Oscillators Agree Elliott B-wave of (2) downWe're at a great juncture on GDX for illustrating how Fractal Resonance Oscillators can help confirm a particular Elliott-wave structure. This is Avi Gilburt's primary count on elliottwavetrader.net and (for now) it perfectly matches the oscillator states across all 8 timescales. Notice the upcross on 15-minute oscillators coincident with the little bounce at end of day Friday. Simultaneously, the 4-hour oscillator finally registered a downcross sell. It's VERY common to see these simultaneous opposing peaks on oscillators ~4 rows or 16x apart. We trade this with an immediate scalp buy but are ready to sell more heavily on next 15-30min overbought downcross and then buy even more heavily as 4-hour becomes oversold. This kind of scalping along the shorter timescale with big positioning guided by longer timescales is important. Backtesting shows that if you solely try to trade the longer timescale crossovers (i.e. take this 4-hour sell right now even though we have 15-minute buy) you will usually LOSE money due to the large lag in the longer-timescale oscillators.
AMEX:GDXLong
by pythagoras
1