Thread: Elliott Wave Trading Discussion

Seems like triangle formed. Will be expecting another push higher.

Wave 1 around 100 pips, therefore target will be around 1.5 + 100pips or + 100x1.618
wave e must not close below c

Update: count invalidated and might become a flag. Long around 970, will still wait for it to close above 1.5012 to add more long.

Here's a 2 hour chart of the USDCHF.

Looking like wave 4 may turn out to be a running flat.

Wave iv Should be finishing up here soon and we should get wave v down to 1.000 to complete (B).

Before posting I seen some charts posted that are looking for wave V in EURUSD and GBPUSD so this should fit good.


EDIT: Also, something I forgot to put on the chart is (c) of (B) will = (a) of (B) at 1.000...

Originally Posted by EZCashDreams

Here's a 2 hour chart of the USDCHF.

Looking like wave 4 will turn out to be a running flat.

Wave iv Should be finishing up here soon and we should get wave v down to 1.000 to complete (B).

Before posting I seen some charts posted that are looking for wave V in EURUSD and GBPUSD so this should fit good.


EDIT: Also, something I forgot to put on the chart is (a) of (B) will = (c) of (B) at 1.000...

Hey EZ,
Could also be a running triangle or start of an Ending Diagonal. Either way, a possible sell opportunity upon completion of the 'C' wave. Nice work.

Originally Posted by apipintime

Hey EZ,
Could also be a running triangle or start of an Ending Diagonal. Either way, a possible sell opportunity upon completion of the C wave. Nice work.

Hi Jay

Thanks for the "Nice Work" comment...

I did think about the Running Triangle but didn't put it on thee chart...we will see what happens after (C).

The Ending Diagonal I was actually looking at on the Dollar itself but it didn't lok right...

I will be covering the shorts and adding longs at 1.000 tonight for the (C) wave up.

Originally Posted by EZCashDreams

Hi Jay

Thanks for the "Nice Work" comment...

I did think about the Running Triangle but didn't put it on thee chart...we will see what happens after (C).

The Ending Diagonal I was actually looking at on the Dollar itself but it didn't lok right...

I will be covering the shorts and adding longs at 1.000 tonight for the (C) wave up.

I may do the same. Do you happen to have a count for Cable?

do you need oxygen?

Originally Posted by speculator84

How's that hell fire doing for ya dollar bulls?

Originally Posted by apipintime

I may do the same. Do you happen to have a count for Cable?

No Sorry I don't...Looks like it's working on "c" of "B" up.. but I am sure you know that already..

Originally Posted by stanchiam

Seems like triangle formed. Will be expecting another push higher.

Wave 1 around 100 pips, therefore target will be around 1.5 + 100pips or + 100x1.618
wave e must not close below c

Update: count invalidated and might become a flag. Long around 970, will still wait for it to close above 1.5012 to add more long.

Stanchiam,

This move doesn't invalidate your count, infact, if you read Prechter's book, wave e typically exceeds the wave C low. I think you will see I strong move up from here. Also, the move from a triangle is the length of the lowest point of the triangle to the highest point.....I haven't read the 1.618 extention of wave 1, is this published somewhere?

Originally Posted by Zero Gravity

Stanchiam,

This move doesn't invalidate your count, infact, if you read Prechter's book, wave e typically exceeds the wave C low. I think you will see I strong move up from here. Also, the move from a triangle is the length of the lowest point of the triangle to the highest point.....I haven't read the 1.618 extention of wave 1, is this published somewhere?

1.618 extension or more only if wave 3 does not extend, but here, wave 3 already did. Thanks for correcting.

Originally Posted by apipintime

Looks like we could be heading up in Wave v of 5

Last Post - 60 min chart:

Judging by the symmetry between the legs, where I have '3' is A, '4' is B and 'iii' is C. A=C(332pips each).

Update - 4hr View

We could be in the midst of a Double three 'B' wave.

Eur/Usd

wave-count

-----------------------

wave c about 1.618 of a
eur long under threat now, but if this indeed is wave 2 retracement, it is common to see 61.8% retracement.
Once confirm wave 3 forming, will add and ride the wave

Euro bearish possibility with minimal risk:

Originally Posted by stanchiam

wave c about 1.618 of a
eur long under threat now, but if this indeed is wave 2 retracement, it is common to see 61.8% retracement.
Once confirm wave 3 forming, will add and ride the wave

I suppose wave III coming, good luck to all.

Originally Posted by freelancer

Euro bearish possibility with minimal risk:

hmm...break above 1.5012/20 will invalidate the count?
Btw, the wave i in the 15 min chart doesnt look implusive, looks corrective and also the internal wave 1 and 4 overlap.