I've got different count, because your wave 3 is not so impulsive as it should be, and its internal structure doesn't look like 12345. Need to remember, that every impulsive wave should consist of smaller impulsive waves like a fractal. If you can't ...

Elliott Wave Trading

"Targets for wave 4 Wave 4 retraces at least 23% of wave 3 but more often reaches a 38.2% retracement..." *** - crucial trend line.

Elliott Wave Trading

Looks like wave 4 on EU is finished and there is beginning new up 12345 impulsive sequence in wave 5 of higher degree.

Elliott Wave Trading

It's just my conservative targets if wave 5 will happen, there are few important Fibs from other waves in this areas. Now I'm looking for the and of wave 4 and it can't break strongly line between 2 and ii, if break then I need to change my labels ...

Elliott Wave Trading

EU: possible wave 4 with possible wave 5 targets:

Elliott Wave Trading

First ABC is looking good. But 12345 not so good. Especially wave three is not so impulsive as it should be. Wave 4 is little bit too small in compare to wave 2. This is very good site to start learning Elliott Wave Theory, it will help a lot (I ...

Elliott Wave Trading

I agree, they are most difficult and most useful. Thanks to them we can make a trade on lower degree waves with profit from higher degree waves which are making very nice risk to reward ratio . Have a nice weekend. P. S. for this great weather on ...

Elliott Wave Trading

That's only probability and luck game. Probability is for direction and lucky is for impact, size and time of the move. Robert Miner says that market not always moves as Elliott described it, that's why sometimes I don't look on part of chart where ...

Elliott Wave Trading

That was nice, now it should not break crucial trend line if this is real 0123.

Elliott Wave Trading

No problem, that's why this thread exist, to show another points of view . I'm waiting for impulsive wave and it should be before, or at NFP release.

Elliott Wave Trading

Update: it looks very interesting, because this correction pattern could be running flat or triangle. If triangle then it can't be wave 2 (triangles never in waves 2) but it can be "x" between ABC's. We've got something like first ABC x and then ...

Elliott Wave Trading

Bounce from crucial trend line + a=c + something like harmonic pattern and not real double top (because price goes back) = possible strong up continuation...

Elliott Wave Trading

H4 view on EU: arrows - possible S/R lines, *** - crucial trend line

Elliott Wave Trading

Thanks . That was easy one, from one crucial trendlinie to the other one . Now the are two scenarios: 1) trend reversal, 2) only ABC correction for count in gray, because this count after touching trendiline from 0-ii is finished. But I think ...

Elliott Wave Trading

My chart: marked trendlines are very important.

Elliott Wave Trading

Maybe something like this:

Elliott Wave Trading

Hi, here is my EU M15 chart. I will look closer on trendline between 2 and ii.

Elliott Wave Trading

After breaking that channel longs all the way I think . Check out Fibo level...

Elliott Wave Trading

I'm also looking for long.

Elliott Wave Trading

I think that 1,3322 was the lowest low on EU, and now it will go to the new highs... But sell stop below 1,3322 could be good if another scenario will happen .

Elliott Wave Trading