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- magictrader replied Jul 28, 2009
Interesting, on USDCHF it looks ok as 123, but on EU not because w2 goes beyond wave 1...
Elliott Wave Trading
- magictrader replied Jul 28, 2009
Yes, pure TA is very good in use with Elliott Waves. So now it looks like 123 to the other side
. In some time there will be clear 12345 structure .Elliott Wave Trading
- magictrader replied Jul 28, 2009
Hi, it's hard to say
. If EU won't make new high as wave 5 then I'll be looking for shorts after a retracement. Now it looks like a falling wedge on m5. So it could be still 4th wave, or wave 1 downwards...Elliott Wave Trading
- magictrader replied Jul 28, 2009
The same, I think now could be 4th wave in this bigger 5th wave...
Elliott Wave Trading
- magictrader replied Jul 27, 2009
Isn't 4th wave to large in compare with 2nd wave? For count it could be good, but for Theory....
Elliott Wave Trading
- magictrader replied Jul 22, 2009
Or maybe something like this
: But this 3rd wave is not so impulsive as it should be...Elliott Wave Trading
- magictrader replied Jul 9, 2009
But still this whole move on higher TF looks rather more impulsive than corrective. We should look now how retracement will be developing and will it be some clear structure. I'm still expecting w5 on Daily TF, so this could be the 1st wave of wave ...
Elliott Wave Trading
- magictrader replied Jul 9, 2009
It will be boring if price will always move in 5 waves
. As I remember Robert Miner says that market probably move in 50% of time according to Elliott Waves Theory.Elliott Wave Trading
- magictrader replied Jul 9, 2009
And of bigger correction on D1 and new impulsive sequence
.Elliott Wave Trading