Clear Recomendation For EUR/USD (Elliot Analysis)

[patricio_w]

Originally Posted by wotzit

Patricio
Have you got a longer term count so to see where you get your 1orA, 2orB analysis from? Maybe a daily chart then zoomed down to 4 hr chart?

Yes, see my priors post, have 1440 m data and aslo 10080 minute data, kindest regards to you, cheers

[patricio_w]

This is something i want to share about the Aud/USD
I ve been following the pair, the drop down from 23jan, was a typically 1.2.3.4.5, ending at 0.618, just into it.
Now is doing a side ways correction looking for 1.7448, breaking that should be confirming the Wave 5, so the correction eventually will climb to 0.618 fibo external retracement, also i think there is a nice chance to trade to the long side, each time we aproach to 1.7366

Kindest regards to all

[Cwave]

hello patricio_w,
any comments on this daily chart
thanks and regards

[patricio_w]

A new low was made, just a few pips over the 1.618 External Retracemenst, typical for a w5:5. If this is correct, W5 should be in place, then a Brake of 1.1917 should be bullish, confirming the W5 is in place, next step 1.2024, also the Oscilator is bullish


1.1857 Typical External Retyracemnets ofr a w5 of 5
1.2024 W 4 low, a brake of that confirms the W5

Take a look also at the original dayli chart published at January, a brake also of 1.2024, should be confirming Wave 2 or B, remember also we are reaching the Time Price Projection made before, middle of February, is 1.1861 the end of it?

Kindest Regards

[patricio_w]

Originally Posted by Cwave

hello patricio_w,
any comments on this daily chart
thanks and regards

Very good analysis, very nice projection
Cheers

[ronnimar]

patricio_w all in all u r doing a great work
with much success.
keep the good work !!!

[patricio_w]

the Ec is still making new lows form Jan 25., however the important thing here is not the count, the important thing is then the Rally from Jan 25 is impulsive signaling the multiday low should be ending, either is a Wave 2 or B.

The inmidaiate downside should be limited by 1.1787, thats is the %78.6 of the retracements of the Wave 1 or A. So maybe we are going to reach that level before this downside is complete.

A rally above the 1.1952, should showing us than this downside is finished. then 1.2024 should be confirming this.

I still prefer to swing trades to the long side, following the oscilator on the OS zone, waiting for trend reversal and divergence on the lines.

Kindest Regards to all

Para todo tipo de analisis en español ver richdad.com.ar

[Cwave]

Hello petricio_w

thanks for the comments i have this usd-chf chart you might be able to analyze it... i am just looking at it and wondering ... not 100% elliot cause i dont make elliot wave but possible 1-2-3? dont know.. if possible could you please take a look? daily chart
regards

-cwave