Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

I see a good opportunity for a Long trade, if this candle forming in 60m data, between 15.00 and 1600 GMT touchs 1.1982 (one pip above the prior candle) then there is a good chance, with a stop loss one pip behind the minimun 1.1960

Kindest Regards

[Cwave]

Originally Posted by patricio_w

I see a good opportunity for a Long trade, if this candle forming in 60m data, between 15.00 and 1600 GMT touchs 1.1982 (one pip above the prior candle) then there is a good chance, with a stop loss one pip behind the minimun 1.1960

Kindest Regards

hello again patricio_w

from your charts if [b] goes below [5] it could still be a valid trade? irregular correction is the name? if b extends 5?

thanks.

[patricio_w]

Originally Posted by Cwave

hello again patricio_w

from your charts if [b] goes below [5] it could still be a valid trade? irregular correction is the name? if b extends 5?

thanks.

Wave B could be flat, could be even correct 1.618 retracement of the Wave A also.
Not evarything has to be so perfect, it corrected a little bit more than the 100%, what iam doing is take advantage on the trend reversal, later on maybe this is not a Wave B, but the idea is to trade the trend reversal, lets see how is it goiing
Kindest Regards

[Cwave]

Originally Posted by patricio_w

Wave B could be flat, could be even correct 1.618 retracement of the Wave A also.
Not evarything has to be so perfect, it corrected a little bit more than the 100%, what iam doing is take advantage on the trend reversal, later on maybe this is not a Wave B, but the idea is to trade the trend reversal, lets see how is it goiing
Kindest Regards

thanks i was not sure about the structure of wave[b] i thought it can't retrace more than [5] only in some instances which are rare maybe again i am wrong thank you for guiding.

regards

[patricio_w]

Originally Posted by Cwave

thanks i was not sure about the structure of wave[b] i thought it can't retrace more than [5] only in some instances which are rare maybe again i am wrong thank you for guiding.

regards

But this is not the case, it seams to be more Wave A, it seams than Wave 5 is not already complete, lets wait some more, i think i must re built the analysis

[patricio_w]

The first impretion was incorrect, the Wave 5:5 was not in place either complete. It seams this is a long Wave 5, i did not make all the Alternate Price Projection and Retracements on the chart because is too much lines, too much subdivision.
What i can say is than EC is reaching its bottom, the W5:5 is near completition, if is not already complete, 1.1953 was one of the targets, the other possible is 1.1927, and the last one of my analysis is 1.1912.
i still insist on the Long side, remember we are in W 2 or B, this should be a correction lasting till middle of february.
If i am correct, this Wave A is complete or near completition, and a Wabe B to the northside should be see, wait again to the oscilator in position of Over sold zone, kindest regards to all

[patricio_w]

Originally Posted by patricio_w

The first impretion was incorrect, the Wave 5:5 was not in place either complete. It seams this is a long Wave 5, i did not make all the Alternate Price Projection and Retracements on the chart because is too much lines, too much subdivision.
What i can say is than EC is reaching its bottom, the W5:5 is near completition, if is not already complete, 1.1953 was one of the targets, the other possible is 1.1927, and the last one of my analysis is 1.1912.
i still insist on the Long side, remember we are in W 2 or B, this should be a correction lasting till middle of february.
If i am correct, this Wave A is complete or near completition, and a Wabe B to the northside should be see, wait again to the oscilator in position of Over sold zone, kindest regards to all

sorry this is the update chart

[patricio_w]

while the Dtoscilator is entering on the over sold zone, it will be a new chance for a rally to the northside. This posible minor Wave A or 1, was corrected (if its complete) by aminor Wave 2 or B, bwetween 0.618 and 0.786 fibo retracements. i rather to say wave 1,2, it looks like more than a correction form
if that s the case and possible minor wave 2 is in place at two pips above the 0.786, then possible Wave 3 or see is coming. Ill be wait for the oscilator to be in correct place to extend this analysis

Kindest regards