Cable Potential On the 1hr chart, Cable has potential to go up 1.6600 within the range of the Weekly R1. DR2 is below it. If it makes its reversal at that level, then I would be looking at FE 100 @ 1.6157 FE 161.8 @ 1.5883 Levels here are merely ...

Elliott Wave Counting with EG

for me.... Cable will go up for as long as the Blue Support trendline holds. Price is still within that upward channel. Targets would be : 1.6479 1.6585 Unless.... This assumed wave 2 turns out to be an EXPANDED FLATas suggested by the Median Line ...

Elliott Wave Counting with EG

'Am not loading my shorts yet as I do not see any Divergence on the 15min chart. A new high on the 15min chart may still be in the offing. EG

Elliott Wave Counting with EG

Cable breached the downward channel and made a deeper Pullback . Yet proceeded to go higher and not develop into the wave C that we were hoping it would. Personally, I would assume that it will continue for the finishing of the B before it comes ...

Elliott Wave Counting with EG

EW may be incorporated with Median Line Analysis

Elliott Wave Counting with EG

Just a thought — I just saw the list of news for later. important news will be due later which would result to large moves. In that case, I would think that price will most likely be moving up till London session so that what ever the news ...

Elliott Wave Counting with EG

Just incase price breaks out of the downward trendline on the hourly chart which may be forming a triangle B of a bigger B wave of w2.... My first target would be 1.6471 which is 50% retrace of themove down from 1.6693. Already have 3 touches so ...

Elliott Wave Counting with EG

I hope you are right. But the way price has been hugging that dowmward trend line on the 30min and the 4hr chart seem to indicate that the B is not yet finished. EG

Elliott Wave Counting with EG

Cable. Watching the 4hr chart to see where a trendline break out will occur. Price in a 15 min chart still inside a downward andrews pitchfork EG

Elliott Wave Counting with EG

Yes pipPuller.... If Cable stays within the downward channel as in my chart, that short opportunity will be GREAT. Have been stuck with this trade the last 12 hours. EG

Elliott Wave Counting with EG

If what I considered as a 5 wave structure on the 1hr chart is the w1 of w5 of a higher degree, Then w2 retracement of w1 would be around 61.8% and very likely a zigzag. But if we draw a potential channel, price to touch the bottom of the channel ...

Elliott Wave Counting with EG

Hi Grega. It has been quite a while.... You seem to be doing very well with your news and commentaries/analysis. If you say that the Dollar index is forming an ending diagonal, Cable then could be inline to develop a possible ending diagonal as in ...

Elliott Wave Counting with EG

Cable Probabilities Longer term still UP for me. EG

Elliott Wave Counting with EG

15min Cable would show a potential ending diagonal triangle consolidating at its tip. Possibly retracing Last Friday by 50% toward 1.6496 EG PS. ended last weeks FXDrive entry with a measly 50% capital increase not beeing able to trade most of the ...

Elliott Wave Counting with EG

Cable — Last Friday’s development for me, indicated that W4 on the weekly chart has ended by retracing w3 around 38.2% with an internal wave structure of c=a W4 correction could have extended towards 1.5225 which is the FE 161.8 of the fib ...

Elliott Wave Counting with EG

Hello V Welcome to FF. What do you mean by wave2circle? The MT4 platform is free and readily available. It is very versatile. Check it out. Most of the charts here are made from there. The best EW wave count indicator is right between your ears ...

Elliott Wave Counting with EG

Holding on to my hedged trades as the Bear count on the Daily seem to have finished at 38.2% retrace of w3 and the internal wave structure of w4 seemed to have eneded with c=a (approximately). The move up could now be the w5 towards 1.7600 to ...

Elliott Wave Counting with EG

4hr chart and the 1hr chart would show a very fast move UP for Cable. This looks more like a Zigzag to me as the retrracement is too shallow which is more like a "B" of a zigzag in contrast to the usual 61.8% retrace of w1 for the w2 of a bigger W5. ...

Elliott Wave Counting with EG

Count very likely Invalidated for a possible w4 on the 4hr chart as it has retraced proposed w3 down by more than 61.8%. The time when w4 exceeds 61.8% retracement of w3 (without overlapping with w1) , following w5 likely to be truncated. ...

Elliott Wave Counting with EG

Possible scenario for Cable

Elliott Wave Counting with EG