please see chart, this count is refined to the 1hr tf
Comment
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typo: count invalid above 86.466 (wave 1 bottom) not 84.052
Trade closed: stop reached
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Comments
VForex
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what do you think on this as a possible entry on breakout?
NidalDarawsheh
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@VForex,
hi, i have similar view, lets wait and see
NidalDarawsheh
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viking-EW
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Here is how I see this one now. Still not in the trade, just observing and waiting for it get in tune with my projected structure (or not), but if we get a a-b-c here I will probably try to long it at around 83 or just below, depending on where c ends. Bedtime for me now, so will see where it is in the morning...
viking-EW
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The only think I see against this count is that what I have as end of 2 (and explicitly start of 3) of C is tiny 0.2 pips below start of 1 of C, and explicitly end of B, and thereby would fall for the invalidation rule... requiring a different count, but it just that I currently don't see any other logical count at this moment, other than the spike down on Nov 9 would be wave 2 in such case.
NidalDarawsheh
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@schakim, hi, can you post a chart please, by the way my entry is 84.02, looks like i entered 84.2 in the position tool by mistake, lets see how this unfold
viking-EW
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@NidalDarawsheh, not sure how this worked out, as I have never published a TW chart before, and if this is what you asked for, but a try...
viking-EW
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@NidalDarawsheh, and that spike is kinda disturbing in some way as it sort of "puncture" the whole picture. Not sure really if it IS part of the EW picture/structure as I doubt that kinda "noise" didn't exist at the time when Elliot put it together...
NidalDarawsheh
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@schakim, i understand what you mean, the blue lines marking abc were placed roughly to mark the correction structure, what you marked 2 is actually my B, i see it as adouble zegzag, give me few minutes i'll publish a chart with notes, cheers