238.44 @ 78.6% retracement

Elliott Wave Counting with EG

on the 15min chart 100EMA and 100 SMA split up at 238.62 now if the wave 5 down is soon to begin, then Price may still be expected to pull back up towards the Daily 5SMA and the 240EMA which are both at 238.71 hhhmmmm that is just about the limit ...

Elliott Wave Counting with EG

Get Ready for what I think is the Beginning of the wave 5 down. EG Update: Waiting for a pullback towards 238.52

Elliott Wave Counting with EG

Reviewing past charts I posted with regards to analysis of Potential wave turns... I go back to the chart where I was still deciding whether perice was in a sub wave 2 of a wave 5 up or was it stil at a sub wave b of a wave 4 corrective wave. See ...

Elliott Wave Counting with EG

Warning - Do not be misled by my Wave 3 Chart — Warning - Do not be misled by my Wave 3 Chart on GBPJPY I hope that nobody gets misled by my Wave 3 Chart General Direction for GBPJPY. Bear in mind that after a Wave 3 comes a Wave 4 which could ...

Elliott Wave Counting with EG

Review of Yesterday's Trade — Elliott wave Counting for me as basically trying to map out Price Probable Direction and Route. But often it is not enough by itself. It is best enhanced with a number of other tools. Yesterday's trade set-ups for ...

Elliott Wave Counting with EG

Using a higher TF chart.... we can see the waves possibly developing as such seen on this chart from afar. Those are the probable targets based on different reference points of projections. We now see our oscillators turning down from over bought ...

Elliott Wave Counting with EG

Could still go up to 238.65. Price facing resistance most likely @ 238.65 where 100 SMA and 100EMA for 15min charts converge. and EW likely targets for Wave 4 based on Fib levels. see new chart details . EG

Elliott Wave Counting with EG

Possible price direction now. Got trapped in the Ichimoku cloud. Facing resistance at the Weekly Pivot. Based on a Possible wave count, this is supposed to be a wave 4 up with a maximum retracement towards 238.71 If it goes higher, most likely we ...

Elliott Wave Counting with EG

Hey Karmo.... Yes I observed that you have consistently maintained that stance that we will reach 251 by the end of the year. Would you like to expound on that or was that based on gut feel? Was it a race as to which price level would be reached ...

GBPJPY - Race to 219 or to 251

Sorry I was not able to join you all for the US session. I was just too tired last night when I came in. (Asia Time) 4am here now. Watch out. this could be almost wave 4 up which is a retracement of the wave 3 down. So another leg down might be in ...

Elliott Wave Counting with EG

A Zigzag wave 4 set-up played out from the London session. Levels to watch now 237.35 FE 161.8 Level from Leg A could be followed by a 38% retracement up then continue down To Sub wave 5 @ 235.92 FE 261.8 Levbel Internal Swing in the Sub wave C or ...

Elliott Wave Counting with EG

Developing Zigzag wave 4 down (currently on wave C down) or finished wave 4 zigzag down and now doing a wave 5 up or a wave B up of an extended Flat wave ( wave B up) for Wave 4. EG

Elliott Wave Counting with EG

Pips4life, I appreciate your effort to draw out and write down your ideas and share them here with me. I will look further into this when I come back tonight. Although I think your thoughts are on a very much higher level than where I am right now. ...

Elliott Wave Counting with EG

still possible. but just watching. 237.46 is 200EMA on 1hour chart 239.07 on the 15min chart New Hi_Lo range of Previous day is 240.29 - 237.64 Price starting to go and breakout of the 15min Ichimoku cloud on 15min Chart Bouncing on the 100SMA ...

Elliott Wave Counting with EG

Cancelled all my Buy Limit Trades because I am leaving this afternoon so I will not be able to watch my charts. Happy trading everyone. I am going to miss the Frankfurt and London Open. Too bad. I would have loved testing the wave counts specially ...

Elliott Wave Counting with EG

30 min and 1 hour stochs are coming down. Attached chart is proposed current wave count and Price direction. I would wait for 15min stoch to go up prior to entering a short trade. Or I can just sit this one out and allow my long trade to have this ...

Elliott Wave Counting with EG

Heads up on Harmonic Patterns 1min 5min and 15min charts showing Bullish Harmonic Pattern while 30 min is still developing. EG

Elliott Wave Counting with EG

1 hour stochs is pointing down while 15min stoch is pointing up. this looks like price is going up first not to exceed 239.66 then will come down again towards 238.51 for a 84.5 to 85% retracement. adjusting my limit Buy Order to 238.55 insted of ...

Elliott Wave Counting with EG