rick.alter.35
Long

LONG,SHORT,THEN VERY LONG FOR THE EURO! ELLIOTT WAVE TRIANGLE!

FX_IDC:EURUSD   EURO / US DOLLAR
(X) wave triangle may be forming..small pop to complete black dwave then drop for e to complete (X) then huge pop again TO COMPETE THE (Y) WAVE..notice how all subwaves of the triangle are 3 wave structures(green).Leading diags are in green; ending diags in red. FXE             options are a way to go if u dont like the currencies ..wait for e to end then sell put spread at that 107 or 108 strike!
chessnut
2 years ago
I also thought about a triple combination where a=w, c=y, a2 = x and then potentially a triangle forming here.
Reply
timwest PRO
2 years ago
Can you show the larger wave-count? Also, how much room do you give before you stop out? Can you label more info for us?
Reply
chessnut timwest
2 years ago
Triple combinations often end in a triangle like this

snapshot


It makes a nice count in respect to alternation, we have a flat, a zigzag and a triangle. stop Out would depend on entry but easy to figure out in terms of the triange.
Reply
rick.alter.35 chessnut
2 years ago
Yes chess nut ! but it this is a double combo not triple ..triple would be w-x-y-xx-z..thos may turn into a triple if we dont get an impulse after the double is over
Reply
chessnut rick.alter.35
2 years ago
I have labelled my count linked above as a triple w-x-y-x-z I think it fits fairly well. I think there is some doubt of the validity of wave c if counted as a double zigzag while its certainly plausible plausible enough.
Reply
rick.alter.35 timwest
2 years ago
gimme a sec tim ill post that for ya!
Reply
rick.alter.35 timwest
2 years ago
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out