Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

60m data chart update.
POsible subdivition of w3:3 vewry impulsive rally posible target betwenn 1.2312/91
Mismo analisis en español en richdad.com.ar

[patricio_w]

Originally Posted by patricio_w

60m data chart update.
POsible subdivition of w3:3 vewry impulsive rally posible target betwenn 1.2312/91
Mismo analisis en español en richdad.com.ar

Forgot to place the chart here it goes

[patricio_w]

Originally Posted by patricio_w

My Friend
Difficult to say since i think that study Elliot Wave analysis in chart of 15 minutes is a huge task. I use the 15m data only to enter into specifics trades but never for a hole study.
What i can say is than ABC correction comes after a rally for example W4 always should dived in ABC because it comes after a W3 that it should always be a rally bullish or bearish also W2 should dived in ABC becasue it comes after a W1 that should be always a rally bullish or bearish. Also ABC corrections comes after a rallly of 12345 Waves. The particulary of the ABC is than the WA should be divided into 12345 waves what i can see is that i cant divided your Wave A into 5 waves the WB it seams to be a WB the WC is clear a rally it seams to be also a Wave C.
Also to put the correct support you should be taking care than WC possible target is the Alternate Price Projection of WA taking the ratios 1.000 1.618 2.618 typical also the retracements of the WB the ratios 1.000 1.618 2.618 after draw all of them you have to take a look where they form groups that should be the typical targets

Daily Chart
I made for you the daily chart just to telll you than i think you are trading into the correct trend with your 15 data. as you can see the USD/CHF p works into the opposite direction of the EUR/USD.
If this is a ABC correction after the 12345 the possible target is the first group in red so the WC may be in place or near to be complete.
If this is a rally of 12345 to the downside the possibles target are the other to z in red

1HChart
As the same think the Euro is doing the CHF is moving into a range of a triangulle with a complex correction of a W2 complex of ABCDE correction.
The W2 is looking for its target i think it will be between the 0.500 0.618 of the W1 once it breaks the triaungle it will look for this target. So once the W2 is in place or near completition we will see a rally to the downside od a W3 of 3

Also we see that the Oscilator is in the OS zone saying than the W2 is near to be complete if is not complete now

Hope you this analysis helps you

My kindest regards

Here is an update of the 1440m data of USD/CHF an a possible scenario to the downtrend. Typical 1orA 2orB is clearly now a WAVES 12345 rally. The W3 is developing now looking for its targets.
The W3:3 typical target its the 2.618 Alternate Price Projection fo the W1:3 the retracements 1.618 of W2:3 (1.2332) we have to be alert of that point or near that for a corrective rally ABC of the W4:3 once the corrective rally starts we probably going to see a correction of 0.382 to 0.500 of the W3:3 that point should the excelent oportunity to cach all the Wave 5:3 to the possible targets at 1.2201 to 1.2087
Thanks to the opportunity to share my charts with you
Para analisis en castellano ver richdad.com.ar

[patricio_w]

Euro is doing a manual movement for now hope stay like this. I made two chart dayli hour chart just to express my view.
On the last post i charted target between 1.2312 1.2396 well lest take the idea than 1.2320 was the end of the Wave3:3 just to start thinking a posible scenario to the upside on W5 just to earn some money.
On the Dayli chart (the same i posted today) we can see where the Wave 2 (corrective rally) should end
On the hour chart (if if if the W3:3 is in place) it will come a correction Wave 4 ending bwetween the ratio 0.500 0.618 of Wave 3:3.
That point is between 1.2180 1.2147 the corrective rally on the dayli chart is between 1.2163 1.2126

If this analysis is correct we have to be alert of an ABC correction looking at the Oscilator we can catch the W5:3 waiting for the crossover on the Over Sold Zone

Para este mismo analisis en castellano ver richdad.com.ar

[ronnimar]

patricio_w i like your analysis very much
i think you are doing a great work !!!

[patricio_w]

Originally Posted by ronnimar

patricio_w i like your analysis very much
i think you are doing a great work !!!

Thanks very much

Here is a possible scenario on the 1H EUR/USD
Time price came alll the analysis
Kindest regards to all

[shaji]

Hallo patrico

I being watching your post its kind of similar to one I am doing.Keep up the good work good luck to you
shaji

[patricio_w]

Thanks Shajai

I think this is going to be a very lateral correction as it did on W2 complex correction of an ABCDE instead of an ABC the rally we can see by now is a typically WA we can divided into minor waves 12345.
The key to take care i mean the key that is going to show us when this w4:3 is complete or near to be complete is the ratios information we have to marke very carefouly 3 points 0.382 0.5000 0.618 of the Wave 3:3 to be more specific ill take a deep look between 0.500 0.618 an if you want to to try a price i ll say 1.2163 why?
First the W2:3 had corrected the 0.786 typically correction for a W2:3 in that cases most of the time W4:3 dont take 0.786 if the W2:3 did it before why 1.2163? because is the same correction the euro is doing into the 1440m chart. the ideal correction of the wave2 is 0500 of the W1 that is 1.2163.
About time? well the lateral moveof the Wave 2:3 took like a week to develop we could see probably all this week the Euro moving sideways between 1.2320 1.2160.
A break of 1.2320 without reaching at least 1.2213 (0382 retracements of W3:3) is strongly bullish

I will take a vacation till Sunday i will try to make some coments but it will be no charts till next Monday have a great traders sessions to all of you take care thanks