Hi All,
Massive buy from the EUR last week and I am seeing divergency in almost every time-frame so it is definitely overbought.
As per my count, I am now seeing a clean and clear impulse up now as per Elliot Wave rules and guidelines, along with Fib extensions hitting - please see summary below.
1. Wave 2 and 4 - Rule of alternation has been met with wave 2 being a running flat and wave 4 a ZZ.
2. Wave 3 extended to 2.618% (Meets Fib extension guidelines)
3. Wave 5 looks like and Ending diagonal which signifies a terminal move so I'm expecting a BIG wave 2 retracement to close the gap!
Lets see what happens for the rest of 2018 - Good Luck!
Massive buy from the EUR last week and I am seeing divergency in almost every time-frame so it is definitely overbought.
As per my count, I am now seeing a clean and clear impulse up now as per Elliot Wave rules and guidelines, along with Fib extensions hitting - please see summary below.
1. Wave 2 and 4 - Rule of alternation has been met with wave 2 being a running flat and wave 4 a ZZ.
2. Wave 3 extended to 2.618% (Meets Fib extension guidelines)
3. Wave 5 looks like and Ending diagonal which signifies a terminal move so I'm expecting a BIG wave 2 retracement to close the gap!
Lets see what happens for the rest of 2018 - Good Luck!
Note
Hi All,A triangle is looking clearer now and so I am expecting a wave E to complete then a 5th wave rally before dropping.
Let's watch and see!
Note
Triangle complete - Long for 5th wave and EU will fall like a tonne of bricks! Note
Picture perfect count - it's inching towards a new high so I'm keeping a close eye on the 5th wave count so see when that would terminate to start shorting EU.Note
Count looks complete - I am now expecting a massive fall for this pair! Let's see!
Note
Quick update: 5th wave extended but we've seen a massive buyback from USD and it has broken the previous sub wave 4 structure so we're going way down to close the gap! ENJOY THE RIDE! GL
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.