Clear Recomendation For EUR/USD (Elliot Analysis)

[Pipmaster]

Make that 2067 and took 1 lot off for +22 and letting 2 lots run with free ride now

[shaji]

Hi pipmaster

Very good you have grabbed some .

shaji

[patricio_w]

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

[ronnimar]

now it surely looks much better.
and it makes much more sense.
and in the daily chart we r at corrective wave B:c

[shaji]

Hi patricio

Looking at your 60 min chart the 1.2139 you labelled seems to be at 1.2188.can you check your chart . In my chart it is about 1.2188 and of yours beginning of wave5 .looks like you got some missed data.Your previous 60 min chart is showing correct data.


thank you
shaji

[patricio_w]

First step done, 1.2076 was taking out, its an aproaching than Wave 5 is in place, should be complete taking out now 1.2139.
The Dt oscilator is showing now on the Over Bought Zone on the 1h chart, trend should be bullish on the short term, 1440 chart shows the oscilator on the Over Sold ZOnes, bullish for a least few days.
I said before than this hold correction should be ending at least 0.500 fo the Wave 1 or A, thats mean 1.1981 on the dayli chart.
So, its the Wave 2 or B ended at 1.2031?
is the Wave 5 be completed breaking 1.2139?

My opinion is than this correction should not be ended until 20th of February, tomorrow there is a big information on the market, we shall see, kindest regards to all

Para mismo analisis en español ver richdad.com.ar

[ronnimar]

patricio_w what is your opinion ?
we have just finished wave B (he retraced 50% from wave A)
and noe we are forming wave C.

[patricio_w]

Originally Posted by ronnimar

patricio_w what is your opinion ?
we have just finished wave B (he retraced 50% from wave A)
and noe we are forming wave C.

Mmmm, its difficult to say right now, i think than tomorrow its a big huge information and the market will wait for it
What i can say, is than looking at the chart i see a sharp rally again instead of a form of ABC, if you take a look the minor wave 2 touch the 0.786 retracement of thye minor Wave 1, thats should mean a rally of type 1,2,3,4,5. If that the case, the minor W3 should be running to the Alternate Price Projection and Retracements, were the gruop themselves, and i see a possible target between 1.2116 and 1.2129, then the minor wave 5 can break the 1.2139 confirming the last Wave 5 of bigger degree. That should end into a Wave A.

The other count possible i made in blue, 1,2,3,4,5 in place drawing the wave 1 or a finished at 1.2106, an now going for the wave 2 or b.
Is a diferent way to count but the same results as yours. This count looks more possible, because if you see the oscilator is in over bought zone, desacelerating the speed or looking for a bearish side

Conclusion, market is in side ways, no trend clear, my opinion is wait until tomorrow, and then draw possibles charts during the weekend