Don_Nilo

Re published idea

FX:EURUSD   Euro Fx/U.S. Dollar
92 3 3
Some lines were moved and tipping errors were corrected.
My FIRST PUBLISHED IDEA it is long until ABC pattern will be finished around 1.19 - 1.20 (PZR) and then after Elliot wave 5 will be finished, short until the parity.
There is a Gap that I can not see in my trading platform, but if it is real, make more magnetic the 1.20 zone.
Also there is a Channel that possible will finish at PZR.
AB=BC and ab=bc Converged at PZR.
Mayor 61.8% retracement .
NOT sure if it is a CRAB pattern but 1.27 XA Projection and 2.24 AB=CD converge at PZR.
The 1.27 Projection Wave 1-3 converge at PZR // possible wave 5 end.
From the PZR it is possible project a mayor #AB=CD# that converge at Parity 1eur==1usd.

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IvanLabrie
a year ago
I don't think that wave count is correct, but agree on the bullish forecast.
The reaction to the target hit, I don't agree either, since I don't think we will see parity any time soon, maybe next year, but no way to know right now.
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Don_Nilo IvanLabrie
a year ago
Thank you Ivan, I'm learning and I am not a Pro in EW; But you comment made me analize better what I did visually

snapshot


While the price does not close under 1.10768 I shall consider a valid Wave 1
--The price were rejected twice at 1.11000

I am not expert, 'I am going to the school with this idea, but it is what I can see; Who knows what the future will bring
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IvanLabrie Don_Nilo
a year ago
Indeed, we have to try and formulate our thesis and confront it with the present price action to validate or deny it as we go.
I think the impulse you labeled is actually an expanding triangle, part of a new structure. The character of it is very different, the sharpness is notably different than any up move before.
Depending on the rules that you use, you could count it in different ways, but overall the verdict is that it's bullish for now.
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