MoneyTec Traders Community Forum - View Single Post - Clear Recomendation For EUR/USD (Elliot Analysis)

patricio_w · 02-02-2006, 06:10

Well, thats Dynamic Analysis, it was not an ABC correction con the big wave 1 or A, it was a rally to the downside 1,2,3,4,5 waves. The trend is the same as before analysis, bullish, but the difference is than the stops.
We had a run till 1.2029, now we have to brake the Extreme of Minor Wave 4 at 1.2076, to start thinking than Wave 5 is complete, and then we have take out 1.2139 to say is complete
Notice than in 1440m data and in 60 m data, the trend reversal on the croosover is very bullish still
Always remember than the middle term is still bearish, looking at the 20th of February to finish this correction of 2 or B.

See the charts bellow

02-02-2006, 06:10	#59
patricio_w level 3 Join Date: Sep 2005 Posts: 227 Downloads: 0 Uploads: 0 Rep Power: 3	Re: Clear Recomendation For EUR/USD (Elliot Analysis) Well, thats Dynamic Analysis, it was not an ABC correction con the big wave 1 or A, it was a rally to the downside 1,2,3,4,5 waves. The trend is the same as before analysis, bullish, but the difference is than the stops. We had a run till 1.2029, now we have to brake the Extreme of Minor Wave 4 at 1.2076, to start thinking than Wave 5 is complete, and then we have take out 1.2139 to say is complete Notice than in 1440m data and in 60 m data, the trend reversal on the croosover is very bullish still Always remember than the middle term is still bearish, looking at the 20th of February to finish this correction of 2 or B. See the charts bellow Attached Thumbnails