Monday, August 6, 2012

How did wave A end?

A expanding diagonal triangle should be found in start of impulse or wave A.

but I think there is expanding diagonal triangle in 15m chart Eur/usd

Then there started Correction and its still ON.

This expanding diagonal tri-angle was getting existed on early hours of Monday, when market begins trading..


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.

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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