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JigneshDavda
Jul 31, 2015 1:59 PM

1min Wave Count 

Euro Fx/U.S. DollarFXCM

Description

Posting this just to show that EW works on ANY Time Frame!

Let's see if the analysis is correct!
Comments
JigneshDavda
Still looking for one more leg on 1m to complete the entire down structure at around 1.0945
nezyrinfx
it did not retrace and market is very slow today. most possibilities are going to fill that 4hr gartley which is also maybe in the PRZ of the C point of Bearish Butterfly. which also will commence the 3rd wave up and also completion of wave 2. am i correct with the wave count?
JigneshDavda
It already retraced to 1.0986 which is enough for a new downside cycle to start. I'm watching a break of lows at 1.0940 which will confirm that the new cycle has started.
JigneshDavda
Looks like wave C has completed at 1.1065.
Expecting a pull back and the second leg for a double correction
nezyrinfx
let me guess...it will drop down from 1.11078
JigneshDavda
would think a bit higher
JigneshDavda
reaction from 1.1070 calls for one more leg up
nezyrinfx
i see it at 1.11078. lets see.
JigneshDavda
that was too shallow of a pullback for wave x, which means my initial theory of the C being in place was probably incorrect
nezyrinfx
hehe..i nvr knew abt this EW to be honest...ever since i start trading,ive only uses fibonacci and fell in love with it and strengthen it by adding harmonics into it :)
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