Share your thoughts and observation in comments session :)
------------------------------------- Risk warning! Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice. -------------------------------------
Comment
⋅
Smaller counts. Price needs to break the support to confirm Wave 2 in the making
Comment
⋅
i think this is how its going to play out
Comment
⋅
Downward trend loosing steam? lets see
Comment
⋅
how beautifully played :)
Trade active
⋅
2 counts presented. UP for wave 3 or down to complete BC?
Comment
⋅
B to C playing nicely. Lets see what happens from here on
Trade active
⋅
so far so good. lets go up for now
Trade active
⋅
has it completed correction (yellow ABC) ? is it doing the RED ABC ? is it going up for the GREEN 12345 ? lets see :)
Comment
⋅
Comment
⋅
lets GO GO GO... GO DOWN !!! :blush:
Comment
⋅
Comment
⋅
Isn't this beautiful ? ::))
Comment
⋅
Comment
⋅
2 counts presented.
Comment
⋅
Comment
⋅
Comment
⋅
Comment
⋅
Comment
⋅
re bouncing soon? lets see
Comment
⋅
Comment
⋅
Comment
⋅
DXY in correction mode. Lets see
Comment
⋅
so far so good. lets go down
Comment
⋅
took some time, but its going down.
Comment
⋅
is it going down ? lets see
Comment
⋅
lets see if this plays out. last push up then down it goes
Comment
⋅
Comment
⋅
DXY USDOLLARS so far so good. Heading down to fill GAP soon, then its going to FLY FLY FLY
sorry for this stupid question but where can I trade this one? (can't find it on oanda or Forex.com)
kunsan
⋅
Very nice charts. I don't agree with your five count upwards because wave 4 overlaps wave 1 (which invalidates the count under Elliot Wave rules). I think it's an ABC up to the peak followed by a B wave. As you say, we might now be rising in fives to complete a larger wave C.
Given the way the US economy is starting to stagnate or weaken, and how the treasury yields have fallen and even interest rate expectations have changed to negative, there is little fundamental reason to see the dollar higher for the moment. However I have a long term target of 82 for EURUSD (EUR is 40% or so of DXY) so this suggests a decline in the Euro (pushing DXY upwards). If Italy decides to exit the Euro (quite possible and that would certainly cause it to decline hard) they are probably waiting to see how Britain gets on with Brexit first. So it might be quite a long time before we see your 110 target.
YIQI
⋅
thanks for update
kunsan
⋅
4 overlaps 1 which invalidates the count. However I agree with your target area, but via an ABC. Your 3 I have as A. Now trading sideways to form B.
rajeh13
⋅
@kunsan, hi thanks for sharing. please share your chart so I can correct my counts. Thanks.