Daily and Weekly Elliott Wave Analysis -
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thread: Daily and Weekly Elliott Wave Analysis

  1. #11
    Technical Analysis: Spot Euro is down in 5 waves in 1 hour chart. We are cautious of a deeper retracement or even a trend change. According to our count Euro should head down from 1.5750~1.5760. Euro has broken below a rising wedge pattern too. Caution

    http://www..com/images/stories/27-6-08 euro.gif

  2. #12
    This is the Short Term outlook

    Bearish against 1.5843. Target would under 1.5700.

    http://www..com/images/stories/30-6-08 euro.gif

  3. #13
    Here is the Medium Term Prognosis. Bullish against 1.5466. Goal would be 1.6000. Ideal entry points is the line that is black.

    http://www..com/images/stories...0euro mt.gif

  4. #14
    Junior Member Fransuarwz64's Avatar
    29
    Goldtc thanks for posting that H1 chart. It is a bit different than mine but the result is dramatically different because is being quite bullish. I was counting up this move as an abc, your count is legitimate too. Either way your bearish move ought to unfold today. After your analysis 1.5590 is an integral degree today.

    P.S. btw are comments/charts okay within this thread or would you like to keep it on your own?

    Thanks,
    -

  5. #15
    Thank you for posting that H1 chart. It is somewhat different than mine but the result is dramatically different because is being rather bullish. I had been counting up this move as an abc, your count is legitimate too. Either way a bearish move should unfold now. Following your analysis 1.5590 is an integral degree now.

    P.S. btw are comments/charts okay within this thread or would you prefer to keep it for yourself?

    Thanks,
    -soso
    The a-b-c upmove is my own choice count. The reason that a-b-c up is my choice count is because of strong underlying fundamentals. ECB is ecpected to increase rates in the coming week while the NFP is anticipated to dissapoint the dollar bulls. I'll continue to keep an eye on the side. Comments are always welcomed by me. I am glad that somebody has commented on my own thread. I want more comments.

    PS- Should you notice there is a 5 down in 5 minutes chart- affirmation that corrective decline has begun.

  6. #16
    Junior Member Fransuarwz64's Avatar
    29
    The a-b-c upmove is my alternative count. The reason that a-b-c upward is my alternative count is because of strong underlying fundamentals.
    Well that is my principal count and is derived from technicals only. Don't have time right now but will post a chart afterwards, mainly my long term Daily view and why I feel the Daily correction/sideways should last for at least 1-2 weeks.

    I always welcome comments. I am glad that someone has commented on my own thread. I want opinions.
    That's an issue with EW threads, they take off or are completely disregarded. I began one of my very own but been lazy to update it. Will post here from Time to Time if you don't mind of course

  7. #17
    Well that's my principal count and can be derived from technicals only. Don't have time right now but will post a chart afterwards, largely my extended term Daily view and why I feel that the Daily correction/sideways should last for at least 1-2 weeks.


    That's a problem with EW threads, they either take off or are completely ignored. I started one of my own but been lazy to update it. Will post here from time to time if you don't mind of course
    I'd be glad if you can contribute here. Thank you to being soso.
    My oil count is bullish hence bullish on Euro at this time.

  8. #18
    Junior Member Fransuarwz64's Avatar
    29
    goldtc this is my long-term view.

    I think we're in a big Wave IV however I do not think we are going to finish it soon. You will find a couple time variables (see chart) that make me very wary taking a long-term bull commerce at this instant.
    For now the pattern resembles the Wave 4 of the previous minor trend even shorter in time which says something about the completion of Wave IV.
    I am not sure however how this WIV will unfold but I really don't think will be a triangle and that I really don't think it will be completed soon.

    I have 3 potential dates when WIV will finish (if I am not wrong and the wave is completed much sooner ): July 21, August 18 and September 26.

    Would love to see your long-term perspective on euro.

  9. #19
    Soso,

    Wave II did not even correct 38.2% based on your. For your down tide to be called tide II it's neccesary that wave A or whole tide II corrects 38.2%.

    JMVHO...I shall post my LT charts soon. .

  10. #20
    Junior Member Fransuarwz64's Avatar
    29
    Soso,

    Wave II didn't correct 38.2% according to your. For the down tide to be called tide II it is neccesary that wave A or entire tide II corrects 38.2%.

    JMVHO...I will post my LT charts shortly. .
    Yes I am well aware of the principle that Wave II retraces the most, generally greater than 50 percent of Wave I. Previously I'd Wave II where green tide a is on the chart but was completely out of proportion, in both price and time.
    The current alternative looks the best for me personally, but I am open to any alternative that looks great.

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