its_new_wave

its_new_wave

This pair have an excellent fall from 1.719 which started in June 2014. I marked in movement as wave ((1)) . The correction structure looking like a clearly extended flat pattern, which retraced a little bit more 38.2% from fall from top. This deep of correction not common for second waves. In general is equal 50%-61,8%, but not necessarily. Now the pair do a...

its_new_wave

So, in my previous idea I wrote that the pair will go down, but this did not happen yet. Also, wave structure has changed a little bit (I waited a fall with good acceleration) and does not look a like clear impulse. Therefore I reviewed my idea to change wave count to triangle pattern as a main scenario. If it so, then now the pair doing a wave X with next...

its_new_wave

Dollar Index still be in wave ((iv)) . Now it is looking like a clearly flat correction with target at 93 = wave (a) x 1.618. For end this flat correction wave (c) must to do a wave iv and v at during few days. The price at 93 is significant level. Need to see, how the Index will achieve this price: a. all subways must be end b. oversale c. divergence:...

its_new_wave

Protracted consolidation at almost 6 month has ended or not? Elliot wave theory give a 2 possible scenario for this consolidation: both of them is triangle. One different: where is wave (c) has ended? Current subwaves structure not clear and also have a few interpretation. If compare this chart with my vision of chart EURUSD, I may ask that this pair do not...

its_new_wave

Well, the pair did not going rise upper that 1.14 how I expected. Wave (v) have ended at 1.13906 by extended diagonal. My order closed by SL at 1.127 today. This ending of wave give a point for start an opposite movement of trend. In current wave count show, that this opposite movement is just a correction wave ((iv)) . In common retracement for fourth waves...

its_new_wave

I have waited the correction at 1.11 level, but there was more deep to 1.1065 with combination structure - double zig-zag. The depth of this correction may say about happen alternative count: 1.128 = wave (3) 1.1065 = wave (4) It is does not much important, because it is does not cancel rise again. The structure of correction looking ended, although...

its_new_wave

I am still looking for short position in this pair. Wave count show that movement from 0.80745 looks like a impulse wave (this count in related ideas) and have ended. Now the pair are doing a correction wave: now it is looking like a zigzag (I will show a detail structure I will show at 30M chart later in comments). In typical retracement for wave 2 it is a...

its_new_wave

How I wrote before, we had a bullish scenario. This scenario occurred. Unfortunately I was left and did not open the order. Anyway, Now wave count looking pretty clearly and I will wait bearish time. I prefer wait, when wave 1 will be complete, correction wave 2 will be complete and after that looking for shot order with great opportunities for fall down.

its_new_wave

Ok. Last week we had a good rise and I have closed the long position, which opened at 1.09930 (when wave 3 shot up and breakthrough wave ) and closed at 1.11961 (stop lose in wave 5, which has a leading diagonal) I think, this rise did not complete and the pair just do a correction. Now it is looking like a zig-zag patter. The pair had completed wave a , seems...

its_new_wave

The structure significant changed from my previous idea about triangle. At the present time this structure getting look like more as flat correction. The movement from 1.052 looks like impulses waves: (i) - (ii) - - . If so, the next rise will have a good acceleration and grow at least to 1.119 (wave (iii) = wave (i) x 1.618) If flat pattern will occur, then...

its_new_wave

My previous scenario broken today after breakthrough the top line of triangle. Now I see another 2 main ways to move: Main scenario The rise from 0.7682 it is a wave b in extended flat correction. The pair now have a few key point, which indicate to me that this rise have completed and why I have marked today hight as wave b : a. RSI divergence b. MACD...

its_new_wave

This pair have a clearly structure. The rise from 0.75322 to 0.78416 I marked as a regular flat 3-3-5: (a) (b) (c) count. I market this flat as w , because from the level 0.75322 we got a significant low level for this pair. I think we complete impulse wave (iii) from 0.89 and this pair must have a significant correction. Because of this the next wave that I'm...

its_new_wave

EURUSD creating big triangle in wave (4). In this chart I connected cycle analyse and Elliott wave count. In my main scenario is that the pair will making wave (d), which must be complete nearly on the 12th of May (+/- few days). If look on middle of the cycle , that the pair have: a. time interval to get a new low level RSI b. completed wave count in wave...