Sunday, July 29, 2012

5m chart showing exciting wave B

Expanding diagonal triangle & leading diagonal triangle.
Below 5m chart of eur/usd

This is the irregular wave B's b wave.



In above pic, Green A was a leading diagonal tri-angle.

The light purple wave a was a Expanding diagonal tri-angle.

This is surely Irregular ABC's B wave.

Exciting unfolding ahead.


Ray

Is it abc or impulse?

Eur/Usd's current correction up-side :-


This is wave 4 in 1H eur/usd chart.
Even if I look in 4h chart, I would not like to fix it with Impulse.

The daily chart of eur/usd showing great divergence ( regular one- that means trend change)!
This surely means consolidation

The title of this post, is it ABC or impulse is a question mark

It will be exciting to know about it ..

Sunday, July 22, 2012

How I am fixing this last wave, wave 5th



I find it difficult put proper wave counting for this 5th wave down that has begin, but I have tracked it down
It shouldnt move from my count !


I was bit early to end Probability 1

Below I have found some situations where Probability 1 is still alive,

But looking at the Euro sentiment, that probability 1 could be easily invalid.

The most important thing is Eur should be crossing 1.27 area.

-----------------------------------
For Probability 2, I will track waves.
Right now We are experiencing wave C's 3rd wave's 1st wave !

Lets see how wave 2 get formatted and where the 3rd of 3rd begins.


Ray

The Probability of Probability 1



The bigger Picture for Probability 1.
As we can see, the wave begin from C was a wedge impulse !
From there it has experienced double zigzag to downside.
Right now it might be finished soon and we could see the Start of brand new trend in Eur/usd

This probability is ONLY valid Eur refused to cross 1.187 Area *C wave

OR

If Eur is able to Cross 1.27600 area





Thursday, July 5, 2012

Probablity 1 Might be invalid soon!

Probability 1 :-

That Rising Wedge wasn't the Rising Wedge !

In previous post I wrote about probability 3 ! How wrong I could be, I should change the way I stick to my counting


This great fall in Eur/usd surely came from the negative news considering euro economy.




Thus, if eur/usd falls below 1.2290 surely probability 1 states invalid count.


It might be still C wave down if it doesn't cross it.


Probability 2:-


That so called rising wedge is Wave 4 from daily count, and we are in 3rd wave of 1st impulse down.




I am going to put more variations soon in this blog where I will put portions of counting in images. 

Wednesday, July 4, 2012

The picture of Probability 1


There we go Eur/usd !!

The amazing Probability 1 :-

As the previous post states, Eur/usd was about to trigger 3rd wave up ! and I am seeing the background has been formed!

Only one rule the could be Up going rally should cross 1.27480 with Sharp green candles !

This is 3rd's wave 3rd wave beginning at this moment!
Tomorrow is big day for, as major elliott wave technicians says, 3rd wave is the wave containing great economical news, they are builders of major moves.

Predicting tomorrow's ECB meetings, Bid rate and Spanish bond auction  Could be that !
So set back for tomorrow day for this probability.

Moreover, this 3rd wave could extend with its going to be extended 3rd wave !

Probability 2 :-

Eur/usd's leading wedge with truncation was wave A instead wave 1 as probability 1. it has finished wave B with double zigzag! and now  finished Impulse wave C's A leg finished B leg and leading for C's C wave, this could be a Wedge as well..
This could as well cross that 1.27480 High but THEN as previous post's probability 2 sugges THE great Fall !
 --------------------------------------------------------------------------

I want to add another probability
Here it is --

Probability 3 :- Tell me how it is possible that Eur/Usd is NOT Crossing 1.27480 ?



Tuesday, July 3, 2012

What could be next for eur/usd?

As previous post writings There are 2 probabilities.

Probability 1 goes on : Eur/usd on H1 chart, the major green is extended 3rd and now has finished the 4th leg down! as ABC-X-ABC OR  WXY ! and Eur/usd is on LAST leg called the 5th wave and it MIGHT extend as well.
 Truncation in this situation will lead to more than 68.2% decline downside !
I am guessing, as the 3rd wave has too fast too far this might be it, however, We are in 3rd wave of Major IMPULSE ( as previous post - the rising wedge is 1st wave )

The conclusion of this probability :- Eur/usd is reaching at least 1.26800 soon

The probability 2 :

As Rising wedge could be found in Wave A, we might be in leg C and this could LEAD this  C leg to 1.27300 area !

And then The FALL !

That fall could make go below 1.20 that is for sure !

This is Puzzle : was that rising wedge with truncation leg A or 1st wave - This may not be puzzle any more for me if the eur/usd crosses 1.273 area SHARPLY!


End of post .