Hy there
Hey guy's did i make a mistake whit my count???
4 H Chart
Can u take a look???
Thank's
Attachment 109928
Printable View
Hy there
Hey guy's did i make a mistake whit my count???
4 H Chart
Can u take a look???
Thank's
Attachment 109928
You only have 3 waves in the first impulse and your wave 4 comes below the end of wave 1 - just a quick look but something to be looking at.Quote:
Originally Posted by Mozart
Thank's ClivewaveriderQuote:
Originally Posted by Clivewaverider
Im looking for a pullback from topp of wave 3 ( 1,0465 ) to fibb 50% (4v)
Your blue wave 1 is only 3 waves so it needs to be updated to continue to show a bullish count. Also waves of an impulse should not overlap unless you are watching an ending diagonal or a leading diagonal. This is the count that I am currently watching.
Attachment 109944
Thank's iceoverflowQuote:
Originally Posted by iceoverflow
Yes my 3-4 blue could be 1-2...and then ,,iv'' should not make the retreacement
Stopp loss above 1,0500
Thank's again
Aud/Usd
" Diamond Top Formation "
- - - - - - - - - - - - - - - - -
Hey, aero, it doesnt look like Neely's expanded triangle since wave a is slower than wave c. imho, EU is going up to 1.31-1.3150 followed by a correction all the way down to 1.27. if this is the case, the best strategy would be to get in around 1.27 with SL just below 1.26 and TP @ 1.40Quote:
Originally Posted by aerocom
Back in the end of September I posted the dow chart below (first chart) showing a gap around 12700 when price had penetrated down below the 10800 level. I was not sure the market could get back up there at the time to close it, but today it did with a close of 12702 (second chart). Notice the hammer at the support on the first chart where price turned higher and has not gone back there since.
I think the other day aerocom posted that he was expecting a top around the 12606 and then a pullback to the 12200 area before a new high around 13275. The pull back would close the gap created at the beginning of the year, but since price took 2 weeks to close 200 pips higher (from below 12300 to above 12500) I think it may be to much resistance to go down through to 12200 only
to go back through it again to the 13275 level. This area has a lot of support and resistance areas as can be seen on the chart i posted the other day with possible dow scenarios (third chart).
Attachment 109969
Attachment 109968
You might be correct. But, 1.3004 has not been hit yet. If it does I will get stopped out. After Ian posted his comments yesterday, I went back to work. If it is not an expanded triangle and it may not be, one alternative has the price moving down to complete the correction. I am still bearish against 1.3082. I will post some charts tomorrow.Quote:
Originally Posted by pacos
Good Luck.
If you are going to quote me make sure it's correct. Here is the link to that post http://forexforums.dailyfx.com/ellio...ml#post1025571Quote:
Originally Posted by Gizmo
Initial target is not a top. Wave equality would dictate higher prices along the lines of Ian's post and even higher. Additionally, from a technical perspective, prices should travel the distance of the H&S pattern at a minimum. There are other targets that are valid also, all above 12606.
But, I do remember your initial chart about the gap and that was a good find.
Good Luck.
Quote:
Originally Posted by marketwavez2
But it has been broken... So? Could you ellaborate?
Thanks,
P.S: Glad you have returned here!
Here is my Dow chart. If this is correct and it is in a C wave ending diagonal the price will not exceed 13,057 before the decline. If it is a diagonal, at a minimum, we can expect price to decline into the area of wave 2.
In my view, we get a slight push up early next week then bye-bye.
Good Luck.
You will note slight differences between my previous Eur$ chart. But, no real significant changes. In reference to the Expanded triangle, the movements are all 3 wave moves. However, it could be that the whole thing is an expanded flat. Either way, the overall direction is down.
In this count wave 1 is 1035p and wave 3 is 900. Therefore, price will not go below 1.2000 as wave 3 cannot be the shortest wave. It is highly likely that we will get wave equality which would not change my target of below 1.2500 and likely 1.2455.
Good Luck.
Glad you posted this because I thought it was a diamond formation. Here is my aud/usd count. I think there is more upside before the decline begins.Quote:
Originally Posted by marketwavez2
Good Luck.
My appologies on the quote.You will notice I said "I think" which was due to the reason of not being able to find your post at the time so the post was made the best of my recollection with the numbers. I do know that if the head and shoulders is playing out, the targets will be higher. Also, I was trying to see how your analysis would fit with the latest gap just above the 12200 area I had noticed. Keep up the great work.Quote:
Originally Posted by aerocom
And thank you for the compliment on the original gap.
