Not much I can publish here, I believe we have entering Wave 4 of the Main Down Trend.
I see none 5 clear waves up from several surge / rally...from low 30-Nov until today.
Another low made yesterday on 1.0550.
I made the catch for entry long at 1.0560, and it is still floating....targeting for higher level TP at 1.0660 area to complete the last (c) wave of this first surge ( W - X -Y ).
My apology for late broadcasting for the buy dip last night (which is a good precision entry - I was Buy Limit). I could only made the broadcast on the chat board, last night.
HURRICANE ALERT for EURUSD (precautions):
- Huge tide...and lots...lots of surge waves....get in and get out fast...this is where I used to get drowned. Especially EW beginners. All counts should be done in correctives mode.
- High Winds at Above levels..., once it surge up.... Bam!!....will get strike by the lightning....down fast....to the ground.
- Not adviseable to set SL at short distances....will get wipe out quickly....thrust me...I've been there (here in this kind of Wave 4 Hurricane)
- The BIG PICTURE.....all ups and down....either Big-Fat FLAT or TRIANGLE. (the Grand Wave 2 is a W-X-Y Combination)
- For the EW Rookies.....stay away....just watch & learn. Do not make a trade. If you insist ....the risk is yours. Waiting is part of Investment management; Long, Short, and... Wait! Sometimes waiting is the best investment to do...rather of having loss.
STORM Size :
estimated High Clouds (most top)......at 1.0750s (61.8% of Big Blue C)
Lowest tide (bottom)..... ................... at 1.0550s (yesterday lowest)
I'll be back for another weather forecast of EURUSD .
Have a good trade.
"You guys will need luck this time.......You.....yeah......Youu. Not me..I am the writer".
My kids hijacked my PC. Cant upload any chart.
For you notice....
EURUSD is about to move in "EXPANDED FLAT" 3 - 3 - 5.
The B pivot at near level 1.0535
Hope you guys can catch the C wave..which is UP.
is the surge of C wave from expanded flat which has formed earlier ( Wave A & Wave B ).
I can't stop smiling while typing this.....300% capital expansion at the right moment.
This is my messy chart. I was monitoring MT4 by phone at the time before it burst.
By the time I broadcast from the phone. it was 5 minutes before the Burst. I did not know any news at all. I don't care about it.
Since I notice the wave development is quite clear if it was gonna be a 3 - 3 - 5 flat on my wave count.
The last leg wave c of (B) was about to complete. With the Fibbonacci...I am sure the pivot will be at 1.0535 (138.6% retracement of (A)).
And the C wave I was projected at 168.6% retracement of (A) from (B)...my TP was higher at the time.
I didn't know about you guys....300% capital increase in my pocket in 1 minute for this precision entry & confident trading. I managed to broadcast the Chat Board...but seems everyone is busy for shorting. I did my best...
I am happy...but also feel bad that others get flattened & wiped out of their trade in just seconds.
Many of them...especially scalpers. The one kept away...did not have the chance of the grab.
This is where the advantage of Elliott Wave analysis, when you mastered it....you'll knew in advance where the market will be going.....doesn't matter what time frame or any news about to come up.
On the mean time, I would prefer WAVE 4 (Hurricane) is still in movement....you have seen the Tsunami on first surge.....there will be more like this, if indeed this is still wave 4.
Another possibilites the surge could be wave 3 of 3 (Up Trend)....I haven't completed my analysis yet.
Will see then...do we have a clear weather already...or still inside the storm??
Have a good trade