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[B]DAILY STRUCTURE[/B]

[IMG]http://i1079.photobucket.com/albums/w514/HarmonicElliottWave/FXS1-12.jpg[/IMG]
[B]23rd October[/B]:

I'm not sure whether I am being stubborn or not… however, I am pretty certain that the rally to 35.37 was a triple three and this implies that we have see a deep Wave -b- and thus should see losses in Wave -c-.

At these early stages I'd like to be a little cautious and first identify each leg in turn. I don't think at this point we're going to see fly-away losses and still mapping out the first ABC move.

[B]INTRADAY STRUCTURE[/B]

[IMG]http://i1079.photobucket.com/albums/w514/HarmonicElliottWave/FXS2-12.jpg[/IMG]
[B]23rd October[/B]: ...

Attached Files

• The Brief FX & Metals Weekly Harmonic Analyst.pdf (365.0 KB, 53 次查看)

[B]BIAS[/B]: While 102.80-95 supports this should extend gains to 104.95-105.29

[B]Resistance[/B]:... 103.80... 104.14........ 104.53... 104.95
[B]Support[/B]:........ 103.30... 102.80-95... 102.61... 102.25

[B]MAIN ANALYSIS[/B]: The 103.87-17 area capped perfectly and triggered the expected correction lower. So far the correction has stalled above the 103.20 area but ideally we should see a little more slippage to the 102.80-95 area. This should support for the uptrend to resume. This should come in 3-legs and the first to revisit the area around yesterday's 104.11 high. Expect a correction from the broad area around this high before the upside resumes to target the 104.95-105.29 area. Expect a deeper ...

Attached Files

• The Brief Daily Forecaster.pdf (86.8 KB, 53 次查看)

Alternation is a standard technique in R.N. Elliott's structure in terms of simple versus complex corrections in Wave 2 and Wave 4 but the beauty of the fractal nature of Harmonic Elliott Wave transforms alternation into a balance of depth between Wave 2 and Wave 4. In this manner not only is the target range for the correction in Wave 4 known once Wave 3 is established but even looking at a blank chart allows you to eyeball a five-wave structure.

[video]http://youtu.be/Hnj9Kz8hDqs[/video]

Good trading

Ian Copsey

[B][URL="http://harmonicelliottwave.blogspot.jp"]HARMONIC ELLIOTT WAVE BLOG[/URL][/B]

[B]BIAS[/B]: We should now see 78.71-77 support before gains to 79.12-29

[B]Resistance[/B]:... 78.96........ 79.12... 79.29-39... 79.66
[B]Support[/B]:........ 78.71-77... 78.58... 78.30........ 78.10

[B]MAIN ANALYSIS[/B]: It's slow motion but the rally remains in line with expectations. Today should see the 78.71-77 area support for progress to 79.12. That'll probably hold but there is a mild chance of extension to 79.29. From one of these two areas we should see a correction of around 50 points. Once seen the next rally should reach closer to 79.60-86 but then suffer a deeper correction.

[B]COUNTER ANALYSIS[/B]: Any earlier dip below 78.50 would risk a dip to 78.25-35 en route the ...

Attached Files

• The Brief Daily Forecaster.pdf (85.4 KB, 49 次查看)