things are not looking to well for my short trade as price is consolidating at current range on 15min chart. this could mean a springboard range for Cable to move up. be ready. EG

Elliott Wave Counting with EG

Likely completion of 5 waves up with wave 3 in extention WO 1.4109 W1 1.4210 W2 1.4133 W3 1.4376 W4 1.4273 W5 1.4413 W31 1.4232 W32 1.4168 W33 1.4338 W34 1.4251 W35 1.4376 Still waiting on that retracement to 23.6 31.8 50.0 61.8 watching the ...

Elliott Wave Counting with EG

still holding a short that entered a drawdown from 1.4363 instead of having +5. nursing to recovery before going back to Buy Trades and still counting waves in the lower TF

Elliott Wave Counting with EG

if you look at that on the 4hour TF you would see that it can also be a Leading Diagonal triangle. so that is the other possibility which I took. The move down may be a retracement which somehow dipped to 61.8% retracement. move down was in 3 waves. ...

Elliott Wave Counting with EG

currently re adjusting wave counts on the smaller timeframes. Corrective waves seem to be mostly running corrections where wave c is shorter than a or c. this is what consumes many of the newbies I think in EWA. they start believing that corrections ...

Elliott Wave Counting with EG

1.4355 now. possibly finding support at around 1.4331 before some more move up still before finally taking a dive.... I think EG

Elliott Wave Counting with EG

Possible dip to 1.4321 1.4311 1.4308 1.4307 at the lowest. lower than this, my wave count needs to be re evaluated. EG

Elliott Wave Counting with EG

what retrace are you referring to and from what level is your trade?

Elliott Wave Counting with EG

count the internal waves and watch out for retracements.

Elliott Wave Counting with EG

That was a quick trade or a nice scalp with some bonus. Target surpassed. Hopefully somebody profitted from that bit of info. EG

Elliott Wave Counting with EG

after an ending diagonal triangle @ 1.4272 first target would be 1.4327 on AP if price does not go lower than 1.4272. Move back could have been wave 2 retracing whole of wave 1 to scare off all if not most of the BULLS. EG

Elliott Wave Counting with EG

You are most Welcome SC. It is not often easy to keep track of the various potential structures that a wave will develop into, specially if you have to moitor various timeframes to increase validation. But with constant and continuous application ...

Elliott Wave Counting with EG

5MIN CHART WC31 1.4210 WC32 1.4134 WC33 1.4339 Expanded Running Flat WC34A 1.4249 WC34B 1.4376 WC34C 1.4274 Possible end of WC34 Ending Diagonal triangle could be wave B instead of wave 5. EG

Elliott Wave Counting with EG

4 hour indicates resumption of move UP But 1hr indicates a possible move down still. Divergence overall says a wave 5 down is in the offing. Move up was like 50% retrace of the wave 3 or C down. 4 hour stochs is crossing down. although Daily has ...

Elliott Wave Counting with EG

38.2% nearly achieved with "seems" to be a flat wave. 5 3 5 structure assignment is to find out what the internal structure is for a FLAT wave. This could give us the clue on whether this is a correction of the move going up or this will continue to ...

Elliott Wave Counting with EG

Looking at charts at post 2447, Price could have ended a corrective wave at wave C or 3 this move up could be wave 4 or wave 1 of the wave 3 UP This is where you watch for wave structure development in the lower time frames. That is if you are ...

Elliott Wave Counting with EG

Possible resumption of Bull trend after this 23.6% 1.4314 retracement Price dipped tol 1.4315 on my chart. based on the lower time frame count. Lower than 1.4314 will target 38.2% retracement of wc31

Elliott Wave Counting with EG

Cable update Cable temporary top for WC31 seem to be set at 1.4376 Potential retracement during Asian Session for WC32 WC311 1.4210 WC312 1.4134 WC313 1.4339 WC314 1.4249 WC315 1.4376 Ending Diagonal Triangle WC32 ( Retracement of WC31 ) 24.6% ...

Elliott Wave Counting with EG

4hour chart shows a CS has opened and closed above a downward Resistance trendline. This could possibly lead to a 61.8% retracement ( from the top of 1.2775 )towards 1.4520-37. just a possiblity. Another reference is a retracement of the possible ...

Elliott Wave Counting with EG

Thanks SC.. It is NOT me but EW and FIBS. Did you see how it bounced from that FE 200.0% level and now has reached the 38.2% retracement @ 1.4300? Who ever said that Forex trading is rigged? Why would they be predictable at times? Anyway, those ...

Elliott Wave Counting with EG