Thoughts on Cable: Highest price attained in the US session was @ 1.6596. This was followed by a retracement then a Bullish Diagonal triangle which ended short off the previous high. If prevopis high was the Reversal poiny or level, then the leading ...

Elliott Wave Counting with EG

'Have already taken an early profit way ahead of the US session. attached chart shows to potential scenarios. Scenario 1 : Price will play out a wave B possibly ending as it meets a resistance on the upper Median line of a Schiff's Median Line @ ...

Elliott Wave Counting with EG

Good Morning Everyone. I hope you all had a Great Harvest from London thru the US session. Here is one of my charts with my doodled lines for possible Cable Price development. On the 5min chart we can see that Cable has formed a Triangle which most ...

Elliott Wave Counting with EG

looks like w4 of C developed as expanded. This is one of those scenarios faced by swing traders. 1 moment you see your trade in a profit and in a few minutes the trade is in a drawdown only to come back to profit after a few hours later or days ...

Elliott Wave Counting with EG

view from the 1hr chart It could be possible that prices will be driven up for an extended or expanded B to accommodate price movement later when the US news comes out. Whether it is good or bad, there is still that potential that Cable will go down ...

Elliott Wave Counting with EG

Attached Chart has the Bullish and Bearish EW Potential pattern. I am currently bias Short on Cable EG

Elliott Wave Counting with EG

Potential Wave Count for Cable On the Daily chart, note the Blue Andrews Pitchfork. For now .... I consider the move from 1.5705 up to 1.6690 as a w51 and the current development as a w52 down to the following targets: 1.6199 1.6083 1.5913 Using Fib ...

Elliott Wave Counting with EG

Cable Breakout... Anyone? EG

Elliott Wave Counting with EG

Here is the other scratch paper chart analysis and outcome I must admit, it can be messy... EG

Elliott Wave Counting with EG

Achieved partial profits from this I hope you all made money from these charts EG

Elliott Wave Counting with EG

Note that the Daily Pivot coincides with 38.2% retrace of yesterday's move UP. EG

Elliott Wave Counting with EG

Pivot Bounce Possibilities with EWA EG

Elliott Wave Counting with EG

EWA as seen thru the Pivot Levels EG

Elliott Wave Counting with EG

Additional Long Term Charts EG

Elliott Wave Counting with EG

Potential Storyline for Cable Trades are based not only on these charts . But are compared to other strategies EG

Elliott Wave Counting with EG

Patterns Median Lines and Pitchforks EWA FIB Retracements and Extentions and there are many more.... See where they coincide with their retracement levels and Target projections EG

Elliott Wave Counting with EG

Magenta Alternative

Elliott Wave Counting with EG

Potential Wave Structures 79% retrace UP for B could result into an overall Zigzag structure and lead to a C down equal to A on the 1hr and 4hr charts EG

Elliott Wave Counting with EG

Notes and Charts

Elliott Wave Counting with EG

hhhhhmmmmmm 1.6600 was achieved ( 1.6603 ) Let us see where the breakout occurs Pattern wise, this shouil breakout to the upside. But, Divergence-wise or the lack of it on the 1hr, Price would retrace 50% of its last move up. Targetting 1.6470 which ...

Elliott Wave Counting with EG