We are close to the final leg. Bearish divergence in hourly chart already in action. We need one more push to very high probablity to 1.1170 level (may be fell short at 1.1149) and then correction will start
Just wondering if you're using another form of Ewave you could tell me
a little about ??? Since "Classic" Elliottwave does not allow for the use of a - b
labeling within an impulse wave, especially a 3rd wave
Anyway, thanks for the info and thoughts ~~~~
Wishing you lots of pips in your pocket !!!!!!
Hi. I am using Harmonic Elliott Wave. It is a tool discovered by Ian Copsey. After years of trading with classic EW, he saw some wrong acceptances of Elliott. Based on his observations he declared new rules. Basically impulses are not in 5 waves in HEW. An impulse wave consist of three wave (A-B-C) where A & C waves are 5 waves moves. He also put very strict rules about wave relationships and also shifted alternation. For detail info you can take a look his website where he gives detailed info about HEW: http://www.harmonic-ewave.com/