Agree and what would you label the last blue "c"? W? Then we're in for a corrective X for some time and then down in Y...

Elliott wave outlook

I totally overlooked the internal A-B-C structure and counted everything as a single impulse! (leaving it here as a reminder to myself) This is what's happening in my view: (forgot to indicate on the chart that (B) could also have alternate label ...

Elliott wave outlook

Edit: The count below is invalid EJ Too much going on with managing trades to post analysis charts. Here is a quick view of current EJ PA and roughly projected end of extended wave 5 - see MACD image

Elliott wave outlook

Hi Luis! I was wondering where you were yesterday. No internet, eh? Fodes... Thread quiet yesterday... I guess everyone was working their trades same as me. good luck and see you later.

Elliott wave outlook

No sweat, Cross Remember that members like Luis, CG and others have proven their skill at projecting moves by both EW count and Fib levels. Look at their charts and get your ideas for entry price, targets and stops from there. Remember, sometimes ...

Elliott wave outlook

And BTW crosswind, you should really set your target while planning your trade and before you open your position - that is good practice and a principle of successful trading. Asking others for advice on your trades is going to lose you money and ...

Elliott wave outlook

BTW - there may be additional waves up - be prepared to exit

Elliott wave outlook

Your first and best target is calculated from that initial wave down : wave 1 x 1.618 = wave 3 wave 3 starts where wave 2 ends. right now it looks like wave 3 will start from 125.39 the weekly pivot (wait for wave 2 to complete obviously)

Elliott wave outlook

Sure -nd-, you justify your count - I just had some questionmarks and you answered them. Interesting setup - I am considering a trade

Elliott wave outlook

-nd- I'm looking at your chart and the wave you've labeled "b" looks like an impulse. and "c" looks like a zigzag... up to you... I just happened to notice. edit: i don't mean to distract from the fact that you have a very neat chart there with ...

Elliott wave outlook

Hi CG, Thanks for the heads-up re EG - that 5th wave is a great opportunity and is unfolding as expected. With EJ I have decided to apply an unconventional entry strategy since the waves are not well defined and there is some extension in there too: ...

Elliott wave outlook

OK, I'm going concentrate on that and try and understand. Then I'll get back to you later. Right now my trades all need taking care of at the same time!

Elliott wave outlook

Tim, it may be that I am confused about WXY(Z) labeling - it will be good to get clarification from you or our friends the chart is: http://www.forexfactory.com/attachment.php?attachmentid=1133743&stc=1&thumb=1&d=1360570931

Elliott wave outlook

Tim, I'm not sure about the validity of your labeling in the correction. See EWP p42 edit: I think I understand what you are doing from the example on p44. To be more clear: my initial concern was that your red label "a" wave is of the same degree ...

Elliott wave outlook

Interesting count. Entonces our wave counts will both be valid for some time!

Elliott wave outlook

I don't have a chart study of the Dollar index but, looking at a daily chart, my opinion is that the entire structure since last year's low at 78.60 is a compound correction which is currently tracing out wave C to the upside. I would expect to see ...

Elliott wave outlook

EU This EU chart shows both a bullish (in white) and bearish (in pink) count. Whilst I am 100% longterm bearish on the global economy I also don't discount the ability of cenbanks to intervene to hell-and-gone and thereby postpone the inevitable. ...

Elliott wave outlook

EJ It seems to me that EJ is at a critical juncture and that the decline from here may be severe. Is this due to weakness in it's Euro component or due to some renewed strength in the Yen? I'm not sure, but the chart below argues for a larger degree ...

Elliott wave outlook

Hey, you're cheating! jokes Thanks for explaining your reason, but hey, don't trust ProRealTrend 100% ok? Trading on trendline bounces is a totally valid strategy but ProRealTrend doesn't do EW or Fib analysis and these are more scientific ...

Elliott wave outlook

For sure - I love it Most the time - when there is no divergence going on - the indicators just look like meaningless squiggles to me!

Elliott wave outlook