Based on chart pattern... it would now seem that what I thought of as a wave 1 inside wave 3 needs to be labelled differently. That 5 wave structure would now seem to be wave 1 of 3 then wave 31 wave 32 wave 33 wave 34 is developing into what looks ...

Elliott Wave Counting with EG

Revised TP Levels Based on Current Wave Development — w4C31 has been retraced by a little more than 23.6% for the w4C32. removing the target levels here as they might be referred to as trade calls by some. it is dangerous to use them for your ...

Elliott Wave Counting with EG

That would be around 1.3874, 38.2% of wave 1 of 3. W4C31 if serialized. or even higher at the 23.6% retrace @ 1.3916 Note that there is a very strong support level at 1.3916. Should this break, price can retrace lower. Otherwise, retracement will be ...

Elliott Wave Counting with EG

Yes. Technically, I would understand what you mean and what you are referring to Many would not.....) EG

Elliott Wave Counting with EG

Ok. The Party has begun. Target Profit Levels for the development of C : 1.3970 1.4138 1.4242 1.4410 1.4513 1.4681 1.4853 watch your wave counts to verify. If you are on this ride now... wave 3 targets are : 1.3910 1.4000 1.4041 EG

Elliott Wave Counting with EG

It did not turn out to be a regular zigzag. It finished off as C = A(0.618) This could be it now for the start of a 3 within a 3 of a C Retracements would be very shallow if this was really the 3 within a 3 of a C. EG

Elliott Wave Counting with EG

Looking or watchi8ng out for another dip to finish a wave 5 of C of this wave 2. a truncation maybe.... and up we go. EG

Elliott Wave Counting with EG

Happy with whatever I got after getting sucked into a drawdown from a winning position. Waiting it out for the wave 3. EG

Elliott Wave Counting with EG

A potentially shallow retracement of between 23.6 and 31.8% Flat wave with a 3-3-5 structure C = A @ 1.3845 or C = A (1.618 ) @ 1.3799 I might as well wait for price to go above the high of this leading diagonal triangle to enter a Long Trade. ...

Elliott Wave Counting with EG

careful with this retracement. better to wait to long this for the wave 3.. unless you can track this and have your indicators confirming an entry for a short trade. i got sucked into a negative position which was already in a winning position.. ...

Elliott Wave Counting with EG

Retracement towards following levels: 61.8% which is usual @ 1.3755 76.4% which coincides with the end of wave 2 of same degfree wave 1. this I am more inclined to use as a target @ 1.3717. then we have 85.4% @ 1.3693 and 100% @ 1.3654 Unless wave 3 ...

Elliott Wave Counting with EG

waiting for 4hour stochastics to complete signal to short this for the wave 2 after the leading diagonal triangle ( I think) Someone once wrote that what happens after a Leading or a diagonal triangle is usually a violent and fast counter move. ...

Elliott Wave Counting with EG

A 3-3-3-3-3 wave structure for this potential leading diagonal triangle seem to have just developed after making a bigger triangle. A long pinbar on the 15min chart which followed a Tweezer top. And Stochastics from 1 hour to 1min are turning down ...

Elliott Wave Counting with EG

Price stopped right at the upper trendline of the Potential Leading Diagonal Triangle. Let us see if price will drop of the lower trendline of this diagonal triangle. It will most likely give a higher probability that a retrace for wave 2 is in ...

Elliott Wave Counting with EG

if this is a Leading diagonal triangle, better hold off placing your long trades as Leading diagonal triangle is followed by a retracement of almost the full length of its upward move which is the wave 2. Best opportunity to make a long trade is ...

Elliott Wave Counting with EG

Friends .... note that price has already broken out of the channel on the 4hr and 1 hr charts. Broken out of and pulled back. Support and Resistance Trendlines help to validate options. EG

Elliott Wave Counting with EG

1.3838 overlapped. next scenario is a possible Leading Diagonal Triangle for this wave 1 of C . draw trend lines on a 5 minute chart. you will then see a possible series of 3wave structures that could lead to a formation of a Leading Diagonal ...

Elliott Wave Counting with EG

hhhmmmm.... other options W4C134 would be the last label on my chart for Cable now. which means that wave 5 will follow for as long as 1.3838 is not overlapped. then this flies again. EG

Elliott Wave Counting with EG

on the 15 min chart, there is a possibility that wave 5 up inside wave 1 is still in development . As in smaller degree w1 and wave 2 has just finished. Instead of an expanded triangle for the big wave 1 of wave C in wave 4, a motive wave is still ...

Elliott Wave Counting with EG

w2 retracement for me below 1.3844 would indicate that the 5th wave inside the expanded wave 1 triangle resulted in a truncated 5th. So price is likely to come down now towards 1.3794 EG

Elliott Wave Counting with EG