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06-10-2009, 11:48 AM #22996
The short-term USD/CHF charts are unfolding impulsively.
06-10-2009, 11:51 AM #22997
Here's an update to the USD/CHF head and shoulders reversal. USD should continue its rally.
06-10-2009, 11:56 AM #22998
Originally Posted by marketwavez2
Wave-count ------ UPdate /////////
06-10-2009, 12:11 PM #22999
Here is my count for the eurousd.
Long@ 3980 with stop just under the end of w1.
1st. target 1.4085 where w1=w5.
06-10-2009, 12:19 PM #23000
Originally Posted by marketwavez2
06-10-2009, 12:37 PM #23001
Here's a short-term USD/CAD chart.
06-10-2009, 12:45 PM #23002
some alternate count is always good
Originally Posted by justy10125
06-10-2009, 12:50 PM #23003
This is my take on EURUSD. Wainting for a wave two retracement to reload. Looking for five waves down to complete C.
06-10-2009, 12:59 PM #23004
I like to use moving averages not an as a method but as a VISUAL reminder of what the actual trend is. I am and will always be an elliotician...even if I wanted to ever change methodology (not a chance...) I don't think I could cause the first thing [I] see when I look at a chart is a possible count....and thats hard to go against. Anyways, back to moving averages. The other reason I like moving averages is when price moves sidesways as such for Eurchf, Moving averages tend to come together almost as if forming 1 line. When that happens, breakout plays tend to be VERY DRAMATIC. Eurchf for me anyways has taken a bearish outlook as price has moved below the 20 and 30 MA...(which has formed 1 line)I think it might be worth a look over.
PS. Price has closed below the ending D on the GBPCHF which might also add to dwonward pressure in the EurCHF.
Last edited by italm31; 06-10-2009 at 01:02 PM.
06-10-2009, 01:05 PM #23005
Sorry, guys, i meant the beloved Cable...
Originally Posted by ravno
06-10-2009, 01:52 PM #23006
06-10-2009, 01:58 PM #23007
Should be clear enough for ew theorists there.
It seems for me we´re very close to step some short of market correction.
At least beautifull C upwave should follow Usd-Chf also. I suppose this should confirm something bearish still going on with Eurodollar also.
06-10-2009, 02:00 PM #23008
06-10-2009, 02:05 PM #23009
That must have hurt! A lot!
Originally Posted by italm31
06-10-2009, 02:33 PM #23010
I must agree with justy, CAD looks quite constructive ...
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