This is how my Daily EURCAD Wave identification looks. The next move is down. All comments are welcome. Would apprec iate differing views and corrections of any kind. We are all learning and perfection is a L O N G W A Y A W A Y ! ! ? ? ! !
This is how my Weeklty looks on this pair.
Wave E on the triangle on MINUTE Degree has to complete in a Short (down) move thus completing the 3rd Wave of the Minor (PHEW!!!) , OK, I just mean the next bigger wave qnd the next bigger Wave !! Indicated clearly on the Chart. Comments and criticisms please all welcome. Actually would be Highly appreciated.!!
This is my Elliot Wave identification on ONE MONTH candles. The labels used are not meant to signify any degree _ but degrees are identified by similarity of labels. So dont hold that against me.
I have identified a triangle whose last fifth ( E-Wave) terminates in a smaller triangle.
It is anticipated that the next move will complete the E-wave of the smaller...
The EURUSD structure is quite difficult in many respects. Prior waves on the monthly and weekly could pass for both corrective and some misleadingly as motive waves. We have correctly distinguished the different aves structures. Particularly the last arm is projected by a number of analysts as motive when it actually fails the test for motive wave. The first three...
The larger structure indicates that he last arm is not impulsive but Corrective. The possible wave development and termination are indicated. The waves indicated fail for reason: the 3 segments are uncannily equal in price and time taken to complete. On the other hand IF one were to count each of the segments as possible waves 1, 2 and 3and 4, tghen the last...
It is crucial to correctly identify the pattern and possible termination point. This Wave fails the test for a Motive Wave; consequently can only be Corrective.
Weekly analysis seems to explain the presently choppy moves in the EurUsd _ more particularly the deep retracement which is similar to the previous immediate past retracements (fractals).
