Motive Waves Part 2 — DIAGONAL TRIANGLES (WEDGES) A diagonal triangle is an impulsive pattern, yet not an impulse, as it has one or two corrective characteristics. Diagonal triangles substitute for impulses at specific locations in the wave ...

Elliott Wave Counting with EG

Motive Waves Part 1 — url MOTIVE WAVES Motive waves subdivide into five waves with certain characteristics and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and ...

Elliott Wave Counting with EG

Corrective Waves continued Part 3 — HORIZONTAL TRIANGLES (TRIANGLES) Triangles are overlapping five wave affairs that subdivide 3-3-3-3-3. They appear to reflect a balance of forces, causing a sideways movement that is usually associated with ...

Elliott Wave Counting with EG

Corrective Waves continued Part 2 — FLATS (3-3-5) A flat correction differs from a zigzag in that the subwave sequence is 3-3-5, as shown in Figures 14 and 15. Since the first actionary wave, wave A, lacks sufficient downward force to unfold ...

Elliott Wave Counting with EG

Corrective Waves from Elliott Wave International — Attached to this Post is a Discussion of Corrective Waves from Elliott Wave international website which I would like to put here for quick and easy reference: Oftentimes I would need to refer ...

Elliott Wave Counting with EG

EW Guideline C relationship with A — I have often used the following as a Guideline for deciding on whether a wave count is an ABC or a 12345. It all starts as A or 1; B or 2 and C or 3 if C = A1.618-1.766 then it still can be C. However it ...

Elliott Wave Counting with EG

Welcome to the thread LadyofMusic1. You are encouraged to post and share your charts here whenever you want. For the EURUSD, You can see that there are several options for the continued expansion of wave 4 on the hourly charts up to the weekly ...

Elliott Wave Counting with EG

Tim, I am still ignorant on how to apply the volume factor into my EW analysis. Can you please lead me to reference I can go through if the subject matter is too long to explain? I think I tried that before to rationalize trading GAPS. Then later ...

Elliott Wave Counting with EG

EURUSD — Attached is a wave count Potential for the Wave C 1st level ( abc projection/extention ) which looks like it would end at an FE 61.8 coinciding with an internal projection within wave C using w012 and coming up with wave 5 at FE 261.8 ...

Elliott Wave Counting with EG

EURUSD — Here are the Alternatives: I EG

Elliott Wave Counting with EG

EURUSD — Here is the Medium to Longer Term View on EURUSD. Price has breeched a lot of the supports to maintain potential counts that where Bullish. Right now, this count on the Daily is the only 1 remaining in my options. Note that there are ...

Elliott Wave Counting with EG

EURUSD — I think I have made a huge mistake in my wave count. I am now looking at a 4hour chartand realize that wave 2 is @ 1.4638 wave 3.1 is @ 1.4921 wave 3.2 has up to 1.4638 to retrace A breech of 1.4638 and price going to 1.4635 will ...

Elliott Wave Counting with EG

EURUSD Downtrend confirmed for me — EURUSD Down trend is confirmed by my EW Counts EG

Elliott Wave Counting with EG

EURUSD — It is interesting to note that the move from 1.4768 going up to 1.4833 has just made a 61.8% retracement. If I consider the upmove as a 5 wave structure impulse wave, then the 61.8% retrace may be considered as a wave 2. so 1st... a ...

Elliott Wave Counting with EG

EURUSD — from above post.... 2 levels of Resistance have already been breeched see in RED things to look for is first a breech of resistance levels @ 1.4816 @ 1.4825 FE 100.0 @ 1.4855 FE 161.8 Right now, a retrace by 50% is underway. If this ...

Elliott Wave Counting with EG

EURUSD — OK.. assuming that the move from 1.4768 up to 1.4816 is a 5 wave structure due to the FIB Extention tool results, then the following drop to 1.4777 is 76.8% retracement .... I can not just classify it as wave 4 as it overlaps with ...

Elliott Wave Counting with EG

EURUSD — I could not discern very well if this move up from 1.4768 is 3 or 5 wave structure. trying it out for the 3 wave structure then applying the FIB Extention tool.... I get more than FE 261.8 way beyond the FE 161.8 that is in the guide. ...

Elliott Wave Counting with EG

EURUSD — Wave 2 inside a bigger wave 3 wave count was invalidate with the breach and finally breakout to the downside of 1.4774. So set aside the wave 3.1 and 3.2 wave count. I got stopped out on that one. So I am back to one of my earlier ...

Elliott Wave Counting with EG

why 1.47743? that is because 1.4774 is the origin of this 5 wave structure which is thought to be developing in the 5min chart. So when the 5 wave structure is finished, then it is considered as a wave 1 which is expected to be retraced by wave 2 by ...

Elliott Wave Counting with EG

EURUSD — wow I was faked there... I was looking at for the completion of a triangle which looked perfect then thought it was just a throwunder then now it looks like the Zigzag option which is still valid for the zigzag to play out, maximum is ...

Elliott Wave Counting with EG