Thanks I was struggling in that wave B count. Cheers

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It make sense I'm only confused about wave B that's very steep and doesn't look like a 3 waves moves typical of the corrective waves. Isn't it?

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Alain Is this you talking in the video?

Analysis and Trading based on Envelopes, Waves, Cycles

Please post your chart. If you can daily & H4 chart.

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It's quite unpredictable EU in these days. I have the feeling that the correction is over and we are seeing the uptrend resumption

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obviously yes he mentioned it several times before

Price action at the core = family members' discussion project

Yeah I concur with you. Every few weeks he comes out with a new system just to direct traffic to his YouTube videos.

New Momentum Bar Trend Indicator

Nice picture

Analysis and Trading based on Envelopes, Waves, Cycles

I have an invalidation line to 1.19914 and we are very close it and probably will get hit.

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Concur with you. It definitely looks like SL hunt

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Thanks Ayax Your charts are very helpful

Elliott Wave Trading by Ayax

I guess you are thinking about a giant waveA made of these 12345 red. Isn't it? If so you are expecting a deeper correction to maybe 61.8% or lower of the previous bull cycle

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Probably we just need to wait for market to show us a clear direction as at the moment there are different scenarios in play. Thanks PS: Attached is the weekly supply & demand chart. Price is currently at weekly supply and we established LLs & LHs ...

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I did not looked at weekly chart but just daily. My bad. Would you mind sharing with us your weekly chart to see what you are seeing? Thanks

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Agree with you. That H4 supply was the correct opportunity to short from. Unfortunately I was impatience and shorted too early. Lesson learned. The big issue is we have 2 valid conflicting scenarios: Scenario 1) we are in a corrective stage (maybe ...

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To know if we did enough retracement/correction than we need to look at previous bull cycle and in particular wave2 & wave4. Correction ABC after bull cycle 12345 must be bigger and last longer than mentioned bull wave2 or wave4.

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Yes I posted sometimes ago on post #1232 this alternative view of wave4 as per this link url

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What about if the ABC correction was over and bull trend resumed? image image

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Hello Ayax Would you please post your updated EURUSD charts for daily + H4 if you can. Thanks

Elliott Wave Trading by Ayax

Morning guys On EU daily I can't figure out on this retracement wave4 in progress the subdivision abc. Can someone help? Thanks

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