Euro News Fade- Does this Current Move up Fit within a EW Count?
Originally Posted by pacos
is euro going to fall off the cliff???
Looks like a news fade is setting up after this FOMC announcement.
Euro News Fade- Does this Current Move up Fit within a EW Count scenario to the downside?
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Looks like a news fade is setting up after this FOMC announcement.
Euro News Fade- Does this Current Move up Fit within a EW Count scenario to the downside?
Maybe something like that? (see also previous post (Elliott Wave Trading Discussion)). But could be that by "news fade" you mean
something immediately more downwards... This count sees the move up as
a fifth wave: Target 1.3365 where wave 5 green (=3pink) is 100% of wave 1 green, making a new high since August 7th,
then again a correction of pink degree for wave 4, a last push up to complete 2black, and then all down...
nice analysis man
in my opinon , yes eur/usd will fall off !!!
no man, it didnt happen. that little triangle fooled me. on h1 it looked like a trivial limiting triangle in b-waves. but on m15 scale it was plain non-limiting. now we're gonna test 1.33 before falling to 1.31.
See it the same way (unfortunately I can't count in neowaves...;-). Should come down soon.
Intermediate targets for the next retracement
Hi Frank!
yes the projection is the same . it doesnt matter what letter or label you use as long as the PA follows the arrows you put there . i'm also looking at aussie. it seems that the diametric in -b- is close to completion (b=200% ext of a). could be a nice ride too
Jamie Saettele Euro Bearish Count. The Euro looks poised to go lower. The FOMC meeting could be the catalyst. Jamie Saettle is our resident Elliott Wave expert and has great articles and charts located HERE that I will share over the next few days.
So much for the in house "expert" bearish call... Price has been climbing steadily for days on end...
Trade what you see, not what any "expert" tells you..
Familiar Looking Bullish Price Action coming off multi Year lows for EUR/CAD could see a strong bout of strength in this pair in October...
I'm really loving that long wick sticking down into 1.2500 four months ago.. It looks like a really solid base, especially with the market so extremely over sold...
The market continues to climb upward off these lows.. However, I'm looking for gains to be halted for the remainder of the month followed by more up side in October...
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