EuroMotif

EuroMotif Mod

Just a quick post to ponder the validity of Elliot Waves . Even when market looks very bleak, there are always possibilities. This is one such possibility that I wanted to see play out.

EuroMotif Mod

Just some more quick FIb analysis to throw on the board and see if it sticks. My ''bottom-picking'' was close but not impressive Got a decent bounce exactly at top of my zone, but then collapsed lower before resurfacing

EuroMotif Mod Updated 

This is a very clear ''MegaPhone'' pattern on the UJ hourly. And each move is a 5 -wave impulse in opposite directions. Normally a 5w impulse should be followed by a 2 wave ( abc ) correction. But impulses in both directions in an expanding range is unusual. I think there is some MAJOR volatility coming. Or maybe it just wimpers out, let see.

EuroMotif Mod Updated 

Just a quick chart to see how the Fibs and EW play out Looks like Gold is working through a micro wave 4, and will move up for wave 5 before retrace.

EuroMotif Mod Updated 

Quick post to see if EW and Fibs play out/ I think we are in a wave 4 of 5, and still have a w5 of 5 to go. Of course, betting on w5 of a w5 is NEVER a good idea, so just putting this out there for practice. Wave 5's are notorious for not extending beyond the 3 (double bottom) or having completed already within the 3. So this is JUST for fun, but lets see how it...

EuroMotif Mod Updated 

okk AU bulls, huddle up. Here is the game plan for next 100 yards. I expect each special team to do their part. I expect rest stops here and there, but NO cookies, Hump it!!! 7250 by end of week or you will all be TRADED! Diasclaimer : Just a joke in light of the pathetic bounce from awesome Jobs Report.

EuroMotif Mod Updated 

CAD got some good news (trade deal might go through ok). So UC took a dip, but the 5 wave impulse looks to be almost complete. I am expecting a bounce very soon, watching the two zones marked in green

EuroMotif Mod Updated 

Looks to me like the market makers have AU poised for a jump on the upcoming econ news in 1/2 hour. Price has been brought back above a support zone and is being held there. There was even an exact 'Ping' of the double band below to confirm it is still there and strong. Looks like a swimmer treading water who just tippy-toed on the bottom to check its depth. I...

EuroMotif Mod

Short triggered off my Fib resonance band which was posted over a month ago: Looking for just a scalp here, but might try to hold some of it. I am actually a USD bull, but my YEN bull is over-ruling currently, especially with such a clear resistance band that looks to be rejecting price.

EuroMotif Mod Updated 

EU completed a picture perfect 12345 impulse wave up. Now in the process of correcting in perhaps an (ABC) retrace. Wave (A) looks like the requisite 5-sub-wave pattern. Wave (B) looks like the requisite 3-sub-wave pattern. Wave (C) should also be a 5 cycle wave. I am imagining two possible wave (C) paths, thus the two different 12345 waves. Background: I...

EuroMotif Mod Updated 

Quick followup on the ETH bounce from 185 plan, which was posted here: Looks like a 5-wave impulse up followed by a 3-wave correction down. Now expecting another 5-wave impulse up, to possibly complete larger ABC correction to dump.

EuroMotif Mod

This is an update of my last two ETH posts. First post called for a 180-185 bottom Second post had an EW count of the bounce that was invalidated. Upon analysis of the movements since then, it seems possible we have a completed waves 1 and 2 of an impulse up and may be starting a wave 3 up. If this is a wave 3, then it should move up with some ferocity, and...

EuroMotif Mod Updated 

This is an update to the previously posted retrace thoughts Price meandered in the wave 4 for much longer than I expected (but is actually normal for a wave 4). Now I am trying to guesstimate where wave 5 might end and an ABC correction up might begin

EuroMotif Mod Updated 

Just a quick look at Fibs pointing to a bounce due for ETH

EuroMotif Mod Updated 

Glad I got out at 7400 per this plan: I had bought in at the 5950 zone per this plan: Now looking for good prices to buy back in. Am putting this quick EW count up to see how it plays out. Even this 'crash' has been following Fibs perfectly. Now lets see if it follows Elliot Waves as well.

EuroMotif Mod Updated 

Just a fib wave that I have been following since the bounce started. I first bought in at 5950, per this plan: I have been closing pieces of my long position above the 7100 price, and each fib it hit above that price. I am thinking it in nearing end of cycle, and getting ready for a correction. Let see what happens at 7409.24, a 9.618 extension of the initial...

EuroMotif Mod

Looking for a bounce early week to short for rest of week (or hold). Will wait to see if any EU news in next day or so that might be relevant. USA is on Holiday on Monday, so liquidity will be thin, which might result in NO movement or a LOT. So lets see how this develops. Those Grey zones/lines are from my Support Resistance analysis as posted on Jul 1st this...

EuroMotif Mod

Bitcoin retrace possibility. Bought in at 5950 per this plan: and got out at 7100. Now looking for a retrace to buy again. Ideally I would like to buy heavy at 5683 or even 5315 per this plan: But bullish sentiment seems strong, so will be looking to buy dips here.