Boon2
Long

EURUSD H1 wave C up

FX_IDC:EURUSD   Euro / U.S. Dollar
H4 I see the possibility of expanding flat so I'm looking for longs to complete that structure.

H1 now also has the possibility of an expanding flat.

1) Wave C down in the expanding flat may not be over, nothing confirmed
2) We want to see TL break and flag on lower TF's to confirm more upside to come before buying


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Oct 17
Comment: H4 Idea possible structure
Oct 19
Comment: H1 we never got nice TL break and flag and price has pushed lower. this can be taken as good news because now we have a much better understanding that this will just be a correction and not a reversal for more downside to come

Comments

Nice one, just beware, wave C is a 5 wave move (impulse or diagonal).
Price finished wave C of B at 1.1430 as you saw, therefore, this move up to 1.1610 must be wave 1 not A as you wrote with this last move down being wave 2 :)
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Boon2 ElliottWaveBelgium
@ElliottWaveBelgium, Yes I see what your saying. I count waves differently that the normal elliott waver out there, Its more looking at structure than counting 12345 trying to make them fit. I use the MACD to get my counts, it's much more reliable I find.
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@Boon2, How do you do that ?
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Boon2 ElliottWaveBelgium
@ElliottWaveBelgium, Well there's to much to explain in writing but basically if you look at my chart count and then look at the MACD you will only see symbols with a MACD cross. this is in a nut shell, there is a lot more to it than that but......

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