ErikXuanYan
Long

AUDUSD its time to buy or what!

FX:AUDUSD   Australian Dollar/U.S. Dollar
40 3 1
I am still learning this wave count thing, please let me know if I started in the wrong place, thanks!

snapshot
dojitrader
a year ago
Howdy,
To my eye of Elliott Wave you've started in the correct place. The A of a triangle always starts
at the end of the first counter trend move. A common mistake I've seen is to start with the A at
the end of a trending move.
As I was looking at this: I would question this as a triangle. A triangle should have an internal
count of 3-3-3-3-3. In other words each wave a-b-c-d-e should show 3 wave each. In this 60 minute
chart it's rather difficult to see 3 waves for each. That has me thinking something else is working.
Thus a look at the larger degree chart shows this possibility. An A - B - C with C being a potential
ending diagonal. Depending how this finishes I'll give it a try. All things considered it is a bit to early
to really choose a wave count with high confidence.
Thanks for the chart !!!!
Wishing you a pocket full of pips ~~~~~~~~~~~~~~~~~~
snapshot
Reply
dojitrader dojitrader
a year ago
Well you can almost see what I was showing. I keep forgetting that the DAMN short position
tool always spreads it's numbers out and covers the good stuff. ~~~~~~~~~
Reply
IvanLabrie PRO dojitrader
a year ago
It's a shame it does that on snapshots.

I do like the triangle thesis, or the abc, looks like it has pending upside, but not yet done correcting.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out