TheElliottWave

TheElliottWave

Completing Wave A of Wave Y, anticipating a corrective wave B and C

TheElliottWave

Wave 4 cosisting of a Zig Zag could be finished. Subwave c has reached 61.8% of subwave A. Potential to go further to 100% of wave A

TheElliottWave Updated 

Lot of people promote a LONG on EURUSD. I'm not so sure about that. It should complete another last 5 wave impulsive

TheElliottWave Updated 

AUDUSD made a nice down move, completing almost the 3rd wave.

TheElliottWave

Not sure we, but we could have finished the correction which should indicate a new 5-wave cycle upwards

TheElliottWave

Moving downwards now to complete wave c. First target as indicated on the chart.

TheElliottWave

Unfolding of 5-waves. First leg A almost finished. Anticipating a short-term move-up to the 50-61.8% retracement with afterwards a sharp wave c move.

TheElliottWave

Last leg of Wave C is coming to an end. Reversal is forming. Also a nice indication, that it reached wave 2 of a lesser degree (1.17070)

TheElliottWave

Thinking that the triangle analysis before was wrong. I'm looking for this double three correction ending at the marked level before it makes the last wave 5. What do you think?

TheElliottWave

We're in the last wave (E) of the triangle and it's almost completing. Expecting price to form another b and final c wave in order to skyrocket one final time.

TheElliottWave

Price reacted to the bottom triangle and is progressing to the the top now. Whether it breaks through and will build the wave 5 is not clear yet

TheElliottWave

The bottom triangle has been hit and price reacted to it. It reversed and will go up now. Whether it will break the top triangle is unclear yet, but possible in order to build the last wave 5

TheElliottWave

Seems that time is really the crucial factor

TheElliottWave

See the channels in which EURUSD is running and ascending, I assume until the 0.618 (~1.26300) Fibo extension.

TheElliottWave

Nice progress of the 5th Elliot Wave principle

TheElliottWave

I think the wave 4 completed and therefore another last wave starts long before the big correction happens

TheElliottWave

Correction Wave C started... What do you think?

TheElliottWave

EURUSD completed an Elliott Wave Cycle. The next cycle just began. This is my first Elliott Wave analysis. Any suggestions or corrections are highly welcome!