WallStScalper
Long

3 Drive to a bottom - A Wolfwave & 5 waves down

FX:EURUSD   Euro Fx/U.S. Dollar
NO longer a valid pattern!!!!

It all comes together.
I see a 3 drive to a bottom lining up for nice Wolfe wave run and a 5th Elliott wave down ending a little tiny bit lower into the middle of the trend channel.

I'm bullish the cross.

Safe trading ladies and gents!

@BLawrenceM
Wall St Scalper
vern94 PRO
2 years ago
dunno what you mean? Plain English mate?
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KevinT vern94
2 years ago
long
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WallStScalper PRO KevinT
2 years ago
Thx Kevin T.... : A last one of our wolfe waves lining up :D
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KevinT KevinT
2 years ago
Let me correct my brief ppst. It should be long when price cross the 2-4 line. Isn't it?
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WallStScalper PRO KevinT
2 years ago
Yes I agree... but i'm on the hunt for a very good entry so ready to take some more risk and enter here. BTW...EDB out tomorrow with a announcement.
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WallStScalper PRO vern94
2 years ago
Sorry ... have corrected the spelling error. As Kevin T write - I long the cross
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You too? That's the third Elliotician that came to the same conclusion.
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WallStScalper PRO QuantitativeExhaustion
2 years ago
Then it must be wrong... that many EW's come to the same :) Well anyway ECB has an announcement tomorrow...let's see if the charts have picked it up before the fact or it's just the bankster asking The Dragon to speak up at the exact right time..... U'll never know what came first... the eeg or ......
+1 Reply
I'm 0-4 on Wolfe Waves. Everything was textbook and pattern failed, 4 times. So i though the thought out of my head. Will see how it works here.
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WallStScalper PRO QuantitativeExhaustion
2 years ago
I'm only seeing it as another tool in the toolbox. If it fits in and go with the rest of the arguments I throw it in as an appetizer/ekstra add .
+1 Reply
leon zieme
2 years ago
unfortunatelly, vawe 5 is not yet finished. Waiting expansion abB 2.0 (1.208) : very long term resistance log scale
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WallStScalper PRO leon zieme
2 years ago
I agree that it can move a little lower - I do also state that in my writing under the chart so that the 3 drive to a bottom comes harmonic. But thx for Ur comment do U have chart - so I can see - what U see? Thx in advance
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A close up look at the EURUSD. It looks like the bottoming process is ongoing. We should see a quick turn soon to catch traders unprepared
snapshot
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I tried the same thing, got stopped by a huge extended 5th...
+1 Reply
WallStScalper PRO IvanLabrie
2 years ago
Yeah that's really the challenge one have with EW... One always have to be ready to adapt ...and move on.
I have over the last couple of month used the RSI or the Awesome Indicator with good results in looking for divergens. 4th waves almost always come back to the zero line and even a little above before final move down creating the divergens.
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IvanLabrie TOP WallStScalper
2 years ago
Yep, the AO is very good...I moved from EW to time at mode though.
+1 Reply
WallStScalper PRO IvanLabrie
2 years ago
AND! at the same time - only a bankster could have foreseen Mr. Dragons ECB-QE-program...which helped the Euro losing value to the dollar and extenting the 5th wave down
+1 Reply
IvanLabrie TOP WallStScalper
2 years ago
That too...heh, I even thought it would be the ideal too bad news scenario for a reversal heh. No big deal, lose 1-3% and move on.
+1 Reply
WallStScalper PRO IvanLabrie
2 years ago
Yes fully agree :)
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