1]i have been trying to establish the trend in the eurdollar for a while and i can say i may have a good perspective if the chart pattern between 2009 and 2014 is a triangle this will ascertain the whole move to around 2016 december as a correction. to that point elliott wave theory will point price being in a wave C of 2 and a move beyond 1.17992 which is point...
for gbpcad I am counting on the 4th wave of 3rd of 3rd wave terminating without violating any rules of wave principle if this happens i move past point b of 4 and i will be looking for long entries
I think eurjpy still has a possibility of moving lower ... I say are in a conclusion of a three wave wave Bof the correctionafter which wave C should unfold... We can also note that the correction.has not reached any major retracement point so.the bias is on the downside
am looking for short enties past 1686.86 for amazon here i will be looking to trade athirh wave be it of c or a third of one larger degree .failure to do this a break of 1855.57 resistance should indicate a resume in uptrend
i am seeing a complete 5 wave move in apple ... expecting a correction confirmed by amove below 233.14
i think the 4th wave is not yet complete but we may actually be in a form of flat correction 3-3-5 so i would expecgt to see a one more upward move to complete wave b of the flat tnen a five wave downward move which should see the flat come to an end
i had an initial bias of eurjpy changing trend favouring the upside but from what i can this was but a form of correction and we may just seen the 5th wave of a lower degree coming to a conclusion if this be the case a retracement followed my a move to the downside would have me looking for short entries for a larger 3rd wave
its my believe that we are in an ending diagonal of a flat correction which should terminate soon indicated by an upward breakout targetting the previous 5th wave.with regard to this i am looking for long entry points
wave 1 leading diagonal followed by a correction which should not retrace 100% of the entire diagonal
in the 4th wave correction expecting a reversal at 38.2% retracement of the third wave after which the downtred should resume atleast 100 pips
channel breakout correction ended downtrend resuming likely
wave likely ending possibly a double zigzag currently in an ending diagonal
euraud in triangle which is a b wave a break of wave c is emminent
1.64870 is a good point to go short wave 5.the a triangle initially broken succesfully
a move back to point and back up to break the upper boundary of the triangle should confirm an elliott wave triangle .a direct break without a move back to point e still works as a trpple zigzag correction
An upward break of trend line ,< we should see price target the top of the channel as it will indicate end of correction