This was a complicated analysis.
All news is positive the Dollar and the US Economy, I believe everything is already priced in.
NFP will only confirm the direction was fundamental news was correct and the corrective wave will finish wave C or wave b or B.
On the other hand, the increased economic outlook should be stock market positive and negative dollar.
No matter what happens, Either the Interest Rates Rise or They don't... Everything is PRICED IN ALREADY.
Considering we have 3 months until EUR QE. Longs are immanent. Nothing More Nothing Less.
Cut the BS out of the markets and you will see the Path.
Risking 1% of my account and going long, Fundamental analysis as how i see it, FED will NOT increase interest rates anytime soon. May be mid 2017 highly likely but not 2016.
Risking maximum of 5% adding into the position.
So for the analysis worked out just fine.
caution on the C wave to complete the B wave.
Can result in a dragged move down making a 5 wave pattern or a 3 wave pattern.
Regardless of the Britain remaining in the EU or OUT. ELLIOTT count was very much in tuned with the markets.
So far the timings of the projection have been off, but the count seems to be working pretty well.
Shorted to target Minor c (brown) wave to complete the (b) wave ( light blue)
As marked by the arrow in red .
Wave B is always very complicated to read.
But this is what i am projecting the price to do in the next couple of days.
To understand the short term readout, refer to the chart link.
Wave (b) of Wave C of Wave B in progress as per previous count.
Wave (b) is not yet complete.
Wave (c) can finish in 3 of 5 waves pattern.
waiting for Wave (b) to complete to project approx. end of Wave c, hence Wave b.
EURUSD has complicated its b wave
The sub-minute count abc for the
B wave counts 3-3-?
with possible c wave to complete
in either 3 or 5 waves to complete b wave of the larger degree.
Then expecting the C wave to move down in 5 waves.