Eur/usd has invalidated the A=C for its forth wave construction.
wave A=400 pips, Wave B=200 pips, Wave C =?
There are two possibilities C = 1.618*A OR C = 2*A.
If C = 1.618*A then Target is 1.28870 OR IF
C = 2*A then the Target is 1.3040.
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This is a expanding diagonal as 5th wave and its 5th wave is throwing everything UP Side..
In this entire correction as ABC, as A and B were double zigzags.
Wave C's A is diagonal impulse, Wave B is double zigzag
and wave C's wave C is impulse with its 5th wave as diagonal and diagonal's 5th wave is the most strongest in the entire correction.
Its a Throw over, a reaction where it is more effective while its ending !
A expanding diagonal.
Sunday, September 9, 2012
Wednesday, September 5, 2012
A great similarity & The departure points for dangerous fall ahead
As my A=C=400 pips counts was 1.26390, Eur/usd continued to 1.26360.
But it still lacks some 3 pips !
I should be 100 percent sure about Eur/Usd NEVER going above 1.26390 area, if it is going to be A=C !
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The above picture is Daily chart of eur/usd. As a major count, we are in extended 3rd wave's 4th wave.
In above pic, where there is white arrow, there is white wave 4. This white wave 4 is very similar to current yellow 4th wave.
White wave 4 was double zigzag's construction Only.
This wave 4 contains double zigzags but not everywhere.
As a saying in elliott wave analysis literature, There are violence after every diagonal in other trend.
The case of Gbp/usd - this pair is looking forward for 3rd wave down, indicating some strong violence ahead for everything against US dollar..
But it still lacks some 3 pips !
I should be 100 percent sure about Eur/Usd NEVER going above 1.26390 area, if it is going to be A=C !
------------------------------------------------------------
The above picture is Daily chart of eur/usd. As a major count, we are in extended 3rd wave's 4th wave.
In above pic, where there is white arrow, there is white wave 4. This white wave 4 is very similar to current yellow 4th wave.
White wave 4 was double zigzag's construction Only.
This wave 4 contains double zigzags but not everywhere.
As a saying in elliott wave analysis literature, There are violence after every diagonal in other trend.
The case of Gbp/usd - this pair is looking forward for 3rd wave down, indicating some strong violence ahead for everything against US dollar..
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