Fireworks ahead for Eur/usd

It was NOT Tri-angle as Wave B but its a Flat correction as wave B.

We are very near to end this Flat pattern
Above pic,
Yellow wave C's wave d is still missing, However if its a failed diagonal then a break above 1.30200 means its over & trend is now UP and changed.

The B wave\'s flat correction is less than 38.2% , this means Very strong up-side impulse or diagonal could be observed for eur/usd.

Fireworks ahead, ladies and gentlemen!

Ray

The pattern of triangle

Triangle means the previous trend is still working on..

Here, wave d isn't finished yet, it surely go a bit higher than 1.30605
More importantly, then after eur/usd should move back towards 1.2840 area.

The construction of triangle as below :
wave a = double three
wave b = a double zigzags ( where wave C was an impulse! )
wave c = wave a
wave d = wave b ..
wave e = wave a=wave c??

that will be seen

The Triangle as Wave B

Picture showing ABCDE

Here, Skycolor a and c have the same wave pattern, abcA-B-C.

Ascending-Descending Triangle as wave B

The wave B retracement isn't enough and has invalidated my prediction for 50% retracement.

I believed it should 50% retracement since previous major correction was Exactly 50% retracement, after the up-trend was started.

Surely this white wave B  is triangle, but yet it hasn't retraced even 38.2%, as in book of Robert balan, a retracement that failed to go beyond 38.2% suggest a pent-up, underling strength! ( as previous post suggest any triangle leads destruction in other-side, according to time it has done it work in 50% of time retracement for wave B but not in retracement it self, however it was expanding diagonal according to my count )

Thus for me, it again comes to c=a or c=1.618.....
And the validity of my 'count'..

Bit exciting

These are substitutions of Elliott patterns

White wave A = a = double zigzag + double irregualrs + double zigzag
                       + b = double zigzag
                       + c = expanding diagonal

   White wave B =  triangle

White wave C = ( surely something but ''up'')

The reaction of expanding diagonal to otherside?

As previous post indicates, White c's wave c was a 'expanding diagonal'

If it is true then reaction in other trend could be very destructive.

I havent seen it in 4h chart, but looking closely in daily chart of eur/usd

it is seeking a sharp decline for 3rd wave of wave c.


One thing I should tell, Don't buy eur in this week!

Eur/usd going for wave B correction, Target 1.26133

Eur/Usd is having 'correction' as Wave B.

50 % retracement = 1.26133

Above pic, red line = 1.26133

Eur/usd aims 1.2730 are, Warning

As of previous post, Green A and now Green B has finished.
We should look for Down side right from Monday and acceleration from Tuesday


The target is 1.27300 area, 38.2% retracement from the high.

The wave B has been :-

Double zigzag + b + zigzag = green A
Green B = double zigzag + irregular + zigzag

Green C is now on, it should be impulse or diagonal type.

White wave B - 1

The blown-up up-side ABC has finished making white wave A.

We are not having white wave B.
Before of that,

White wave A =  A ( double zigzags, irregulars & zigzags )
                         + B ( double zigzags )
                         + C ( expanding diagonal - the strong upside correction )
White wave B = (above pic) double zigzag (green a)
                         + irregular(? green b)

Eur/usd daily

The difficult part (green abcde) is expanding diagonal as wave yellow wave c.
We have finished White A with yellow abc.

And we are looking for white wave B. I predicts white wave B could place around 1.263 area

Only a break above recent high 1.3170 could place invalidity for wave B...

White wave B's elliott count is in next post.

I am back !

It was out of sight and out of elliott predictions, I had to stop and get slow down on my counting to fix proper counting!

Finally I have come up with some probabilites, I will update it later.

But one thing was observed by me was ''shallowness of red candles''

From 1.22400 there are all strong green candles but before of that - all the falling red candles showing great shallowness..its like rotten threads hanging.. It those time we should be sure that the strong green candles are in position..and yes they are here..

I will update about it.

Elliott wave do exists but unlike our prediction about them.

Ray