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
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'')
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!
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!
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