I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month
I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got:
1 Primary wave:
Begin 666.8$ ending 1363.6$
1363.6 - 666.8 = 696.8$ Total
696.8 / 666.8 = 104.4% Total
In my previous post, I supposed that 13 months long correction finished and new EWA cycle has started at EURUSD and today chart confirmed my idea again with unbelievable daily and weekly bullish candle, which confirm that we gonna go to bullish trend :)
Chart finished to develope 1 and 2 waves of new Intermediate cycle inside 1 wave...
I wrote Fibo proportions and wave's caculation above in the chart
I placed a buy limit order at 110.400 with SL 110.150 TP 112.500
This is high ranking trade for me, cause too many Fibo levels are showing reversal point exactly there and Harmonic pattern gonna appear at the end of Elliott's correction
Today wave 2, which shaped as a simple Zigzag finished to formed itself and chart just touched Golden ratio of the wave 1 and had started to develop 3 wave. I wrote proportions between waves in correction and mark Reversal Fibo Cluster above in the chart. Approx target of the wave 3 is 1.37000
Secondary confirmation reversal signals: 1. RSI...
I wanna share with you my Elliotts waves caculation as it looks very interested and showing significant reversal now
In according with my calculation the chart had draw Elliott Triple Combo Wave. It was 13 months long (FIBO correction started 25 jan 2018 and fininshed 8 March, almost 13 months) and it was finished last week on Friday 8 March...
In the chart above I draw what I found at DISCA chart, really strong bullish Fibo Cluster, where 3 types of analyses meet each other:
1) Elliott cycles - from 31 December 2013 to 16 November 2017 there was a bearish downtrend, long correction of the previous cycle, but it was completed on 16 November 2017 and next bullish cycle had...
As I write in the previous post, I supposed that EURUSD gonna become bullish for the next year
In this post I wanna share with u Fibo proportions of the Diagonal Triangle, which arise as the last wave of 13 months correction at EURUSD and shown absolutely Fibo Harmony
I wrote proportions in the chart above