Hello Traders,
I spotted a Wolfe Wave already underway. We just retested the underbelly of the 2-4 line. This would be a good short at the current level. An exit at the 1-4 line would secure profits.
Hello there!
I think we are nearing the end of this large flat correction.
93 area should be watched closely for reversal (wave A low).
Downside of the trend is also there.
Daily charts show Momentum divergence already.
Best wishes!
Hello Traders,
We have 3 Wolfe Wave's here that I want to take a look at.
1. The first Wolfe Wave on the left completed in late 2014 at the 1-4 target line.
2. While the first Wolfe Wave was carving its path to the 1-4 line. A second Wolfe Wave formed. Here we created a 5" structure with the Geo's Off-Set Rule #3 at point 3.
3. The final Wolfe Wave was...
Above, I have done a fractal analysis of the US Dollar index . It shows that the US Dollar index is likely to drop over the next years; however, it appears to have started a new uptrend (read deflation), from a long-term point of view.
Indirectly it shows that gold is likely to perform in a similar manner to how it moved from about $100 to $850 in the late...
The dollar index futures have been tracing a strong monthly uptrend and currently grinded to a halt, with considerably strong declines in most dollar pairs.
Right now, it's range bound, stuck between 10 month levels that will soon become 11 months after March's close.
For price to move, it needs to clear this zone, either up or down.
Once below, it can accelerate...
With Elliott wave, one must remain certain that more than one outcome is possible. A lot of EW technicians (and others for that matter) often do the opposite and become too certain of only one outcome. Some of my best trades have been when I have placed a STOP and REVERSE order at the point where I am wrong about the direction. (Hard to do with my ego hahahaha)....
Hello Traders,
Looking at the EURUSD pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave. I'm looking at 5 and potentially 5' to complete.
If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND...
Hello Traders,
In this Wolfe Wave I want to highlight the internal moves between the points.
Points 1-2: You want to look for an abcd pattern in the development of points 1-2. Though it is not always the case this usually helps define whats coming later on.
ab=cd
Points 2-3: Similar to 1-2, 2-3 also forms an abcd pattern. 2-3 is typically the longest wave in...
Here is a forecast of the Dollar Index based off of the Wolfe Wave and Geo's Off-Set Rule #3.
Geo's Off-Set Rule #1 = 1-4 Line
Geo's Off-Set Rule #2 = Point 4
Geo's Off-Set Rule #3 = Point 3
First of all I wash you all a happy prosperous new year.
We still believe that wave 4 correction is still underway and we will see the continuation of it during this week. Another scenario is that wave 4 is a running flat in which wave b goes a little bit higher than wave 3 before going down but we don't see this scenario in other USD crosses.
If you are looking...
