Clear Recomendation For EUR/USD (Elliot Analysis)

[camisa]

nice analisys Patricio!

keep up the good work on this thread

[Xaff]

Hi!

Wanted to share my EW view with you all.

Hope you have a profitable day!

[5FX]

patricio, you r the man!

[patricio_w]

Originally Posted by 5FX

patricio, you r the man!

No iam not really, my intentions are to catch the trend of the market and win several pips, as iam doing right now, and if i take the wrong trend lose the minimal pips possible.
So for those who were following this treath enjoy the winings, later one ill post the analysis

[5FX]

Originally Posted by patricio_w

Well, the analysis it seams to be on the correct trend. Not casual the rebound on 1.2023, 1.2024 is the confirmation of the Correction, and the confrimation of Wc:B or 2

If that the case, then we keep the 1440m data chart we started posting in Jan, looking for Targets and Time Projection we did, (see chart)

On the 60m chart data i posted, i draw just and idea of the possible 1.2.3.4.5 (WAVE 1), ended on 1.2023, if that the case, a possible Wave 2 will correct at least the 0.500 fibo.

Next targets are marked in black, final target by the end of March.

The trend reversal are possible to run on the short side, but my opinion is to trade on th LONG side all March

Kindest Regards

well done patricio, you r correct on target and time, it seem that we r in short side fo april..?

[patricio_w]

Originally Posted by 5FX

well done patricio, you r correct on target and time, it seem that we r in short side fo april..?

mmmmmmmm, need to see more to say that, let me do my hold analysis over this weekend, and we discuss on detail on Monday, interesting moves will come.
Have agreat weekend

[patricio_w]

Wave count isnt clear enought as i wish, but its not the case to force a wave count. Our analysis is still intact, reaching the price and time targets as we draw (see 60 and 1440 m data)

After the 24 march low (Wave2) the count is not so clear, minor Wave 1 is not looks like a Wave 1 and also Wave 4 is overlaping into Wave 1 range

What it is important is to see in the short term (next week as much) to see the Ec breaking 1.2175 and then 1.2206

On the other hand dayli and weekly chart are in the Over Bought ZOne, signaling than this multi day to the upside is near to finish, if its not finished yet

So until the count show itself more crystal, i rather stay aside and take a deep better look.

Conclusion

Short-Term: not clear
Middle-Long Term: not clear

[Cwave]

Originally Posted by patricio_w

Wave count isnt clear enought as i wish, but its not the case to force a wave count. Our analysis is still intact, reaching the price and time targets as we draw (see 60 and 1440 m data)

After the 24 march low (Wave2) the count is not so clear, minor Wave 1 is not looks like a Wave 1 and also Wave 4 is overlaping into Wave 1 range

What it is important is to see in the short term (next week as much) to see the Ec breaking 1.2175 and then 1.2206

On the other hand dayli and weekly chart are in the Over Bought ZOne, signaling than this multi day to the upside is near to finish, if its not finished yet

So until the count show itself more crystal, i rather stay aside and take a deep better look.

Conclusion

Short-Term: not clear
Middle-Long Term: not clear

Hello patricio_w.

great analysis as always attaching a chart [short term] which could also go with 1.2175 number you posted before this might be 3rd wave and possible [4] wave on the way, anyways look forward to more of your analysis.

regards
-cwave