Friday, October 26, 2012

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

Tuesday, October 16, 2012

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

Thursday, October 11, 2012

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'')






Wednesday, October 10, 2012

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!