YuzukiChan

Weekly count for Fiber

FX:EURUSD   Euro Fx/U.S. Dollar
260 10 6
All the EW counts I've seen on Fiber takes the final leg down a five wave. This was also what I thought for a while, until now. On the other hand, double zigzag fits much better than a five wave. If this is the case, the current daily uptrend might be an X which would indicate much selling in the following months. Another possibility is that the downward movement is over and we are experiencing the A of the A-B basement of a new, supposedly a decade-long uptrend.

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Nice!
It actually does make more sense to me.
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DanV MOD
a year ago
Thankyou for sharing your chart.

Could I please ask, with the recent low at Y circled and subsequent bounce, what price pattern or sequence do you see developing from here.
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YuzukiChan DanV
a year ago
That's the most tricky part which all FX traders wants to know : ) I have some thoughts on that, but my thoughts are constantly changing. For me, there's no right counting. I just pick one reasonable count and try to support it with other tools such as Gann fans and Fib clusters. Right now, I'm not trading Fiber. Just watching what it has to offer me.
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DanV MOD YuzukiChan
a year ago
I see. I was wondering because you have larger potential triangle labelled as A_E so normally resolution of that would result in impulsive leg, But you have labelled it as WXY so was wondering if there is something different playing out as you see it.

Thanks for your answer.
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YuzukiChan DanV
a year ago
I tend to label triangles as penultimate waves in either motive or corrective structures. So in this one A-E is the X which precedes the final movement, Y, which itself is either a double or a triple (more likely) zigzag.
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YuzukiChan DanV
a year ago
This one seems like a nice count after the bounce:
EURUSD EW analysys, WXY wave IV a convincing and valid count.
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DanV MOD YuzukiChan
a year ago
Possibly, though I am not sure if his III and IV are correct.
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YuzukiChan DanV
a year ago
Yes yes, III in that chart is what I labeled as (Y).
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MaryJane
a year ago
Thak u for sharing...
snapshot
https://www.tradingview.com/chart/EURUSD/gIdfJZug-Will-break-eurusd-the-resistance-1-1445/
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Thank you for sharing Yuzuki - that is a count I hadn't considered.
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