Looks like we are in an impulsive movement that is taking the shape of an inverted head and shoulders. Follow all my demo trades at www.myfxbook.com and follow me on twitter for intra-day updates twitter.com Good luck!
This market made a new high were it reached 1.272 fibonacci extension. Now it's making a shooting star pattern on the weekly chart. The EW count suggests that market has completed (or still in) a complex correction. This market could do a wave XX and make another three-leged move upwards before starting the move down. But either way, it should retrace the move...
The EURO rallied as my previous idea suggested: But it only managed to complete 3 waves to the upside, which confirms that this cycle wasn't impulsive. By the looks of the recent price action, we are in an ending diagonal wave (C). Alt. count would be a complex correction, but the fibonacci relationships are not convincing. A break below 1.3666 would give the...
I will look to long this stock as it looks like we have completed wave 4 flat. Follow all my FX demo trades at www.myfxbook.com and follow me on twitter for intra-day updates twitter.com Good luck!
We have completing 7 swings to the downside. Now we are in wave 1 of 3 or XX. A break below 1.0510 would confirm that we are in wave XX, in that case I will look to buy a 3 wave decline. Follow all my demo trades at www.myfxbook.com and follow me on twitter for intra-day updates twitter.com Good luck!
Looks like we have completed a flat and should head higher now. Alt. view would be that we are in a complex correction and wave (A) and (B) are in fact wave (W) and (X) and that we are in wave (Y) at the moment. Follow all my demo trades at www.myfxbook.com and follow me on twitter for intra-day updates twitter.com Good luck!
This is an update for my previous idea: This market has completed a triple zigzag correction and it's heading lower by the looks of the recent price action. I will look to sell a three wave boune near 102.40/60 against last weeks high at 103.005. Follow all my demo trades at www.myfxbook.com and follow me on twitter for intra-day updates twitter.com Good luck!
I'm still look for more downside in this pair before another run higher. At the moment I'm short against 1.3905 and looking to take profit between 1.3790 and /60. After that I will look to buy against 1.3670 for a test of 1.40 and above. Follow all my demo trades at www.myfxbook.com and follow me on twitter for intra-day updates twitter.com Good luck!
This market completed a 5 waves decline and is now correcting that decline. As the .8399 high hold, look for one more push lower to complete a major cycle in this pair. Alt. view would be that we are in a flat or a complex correction. Follow all my demo trades at www.myfxbook.com Good luck!
This is an update for my previous idea: This market is correcting the drop from 104.117 and it looks like we should see one more leg up before more losses for the US dollar against the Yen. ALT. view would be that the decline from 104.117 was wave XX. In that case we should see one more high above 104.117. Follow all my demo trades at www.myfxbook.com Good luck!
My previous idea At the moment it looks like the alt. view that I shared in the comments section is in the works, and that is because the bounce looks very corrective. In the short term I think we are in a flat that should end below 94; www.dropbox.com This view is vaild as long as this pair trades below 94.90. Follow all my demo trades at www.myfxbook.com Good luck!
My previous idea suggested that we where in a complex correction. By the looks of it, we still are in wave C, and should see one final leg higher. Taking a long here with stop loss at 1.0150, and take profit at 1.05. Look below for more chart. Follow all my demo trades at www.myfxbook.com Good luck!
Will buy this market when this last leg in the triangle is complete. As 167.7 holds, look for a test of 175-area. After that we should see a sell off in 5 waves to complete wave IV flat. Long term view twitter.com You can follow all my demo trades at www.myfxbook.com Good luck!
Will look to sell this pair next week between 1.9620 and 1.9680, with a stop loss above 1.9830 for a move to the 1.90 figure. You can follow all my demo trades at www.myfxbook.com Good luck!
This market is now in wave 4, which is taking the shape of a complex correction. One of the fundamental rules of the elliott wave principle, is that wave 4 can't overlap with wave 1 In other words, this market is bullish above .91335. I will look to long at .9280 and .9230 for a run to the 76.4 fib at.9520. Follow all my demo trades at www.myfxbook.com Good luck!
The RSI is showing hidden and regular bullish divergence. While above wave 1 high (85.760), look for a new high to complete a 5 wave advance towards the 90 figure. You can follow all my demo trades at www.myfxbook.com Good luck!
The market moved up as expected Now there is many diffrent possibilities 1. (blue) We are in wave i within wave 3 and should see a pullback that should end above 1.65478, from where the market should see more upside. 2. (brown) We are in a flat that should result in a five wave decline that should retest the area near wave c low (1.6450) and complete wave xx...
05/02 - 2014 UPDATE This is an update for my previous usdcad idea but this is not a long usdcad idea, but more of a short (FX) commodities idea (look below for more charts). I wrote in my previous usdcad idea "Alt. view would be that this 5 waves advance is wave A in a 3 legged C wave." and it looks like this is turning out to be the case. We reached the min...