Wave Rule Broken — Keep in mind that wave 4 cannot overlap wave 1. This is one of cardinal rules of EWT.

Elliott Wave Trading

Dow: Updated! — Here are (2) 4hr charts for the Dow. I've zoomed in to just show the last wave. I see 2 potential options for the Dow right now. Both are listed below. Given the fact that the EURUSD looks to be in a 5th wave diagonal triangle, ...

Elliott Wave Trading

EURUSD Count — Here is my count on a 4hr chart. Looks like a series of 3 wave sets. That screams diagonal triangle to me being it's the 5th wave on the daily chart. My only concern with my count is wave 'B'. It looks like a 3 count. If it's a ...

Elliott Wave Trading

EURUSD Count — The higher level charts show that this entire move up should be a 3 wave count (wave C of a diagonal triangle on a daily chart). If my count is correct then what you have labeled as wave 'II' would actually be wave 'B'. Based ...

Elliott Wave Trading

Gold: Watch Out Below!!!!! — Looks like Gold is forming a flat. Wave B looks to be really extended in the frenzy. I suspect the fall will be just as fast and furious. Should coincide with a US Dollar reversal. Notice how the weekly chart ...

Elliott Wave Trading

Dow - Just about done!!! — Looks like the Dow has one more up day to me. I wouldn't be surprised to see a top made on Thursday, 12/3/2009. Unemployment numbers are due out in the morning. If we break through the top trendline and extend up ...

Elliott Wave Trading

AUDUSD 4hr Count — Here is the wave count which looks to me to be a confirmed reversal. Looks like 5 waves down for wave 1 and then a 3-3-5 flat up for wave 2. I'm expecting a large drop down for wave 3.

Elliott Wave Trading

AUDUSD Count — AUDUSD appears to be ahead of EURUSD. Looks like Wave C down has already commenced. The ending waves up show almost text-book Elliott waves. I'll post the final waves up for AUDUSD next.

Elliott Wave Trading

New EURUSD Wave Count — The 5th wave appears to be a series of 3 wave sets. It's easy to see on a 1hr chart. Since we are in wave 5, it appears to me that this could be an ending diagonal. Ending diagonals are common in Wave Cs.

Elliott Wave Trading

EURUSD — Here's my take on EURUSD. Looks to me like we are slated for a big move down. If not right here then very soon.

Elliott Wave Trading

My EURUSD Count — I'm brand new to this forum. I thought I would share my count of EURUSD with everyone. My counts of the US Dollar seems to validate this count. Also, it appears AUDUSD has reversed. If I'm correct, it's all down here from ...

EURUSD