ElliotWaves - page 14

[EACAN]

Gordon thanks

Moved stop to 114.70 ... will update the charts later.. but the reason not to close is that this move might become impulsive so i'll take the chance keeping sl just below todays low

[gordon12]

I have weekly resistance at 115.19 and 25 ema at the same price, if it goes above those should be ok.

Nice triangle forming on euro 1 hour chart

Gordon

[EACAN]

30 Tf

And the chart 30 TF this is just another view of looking at todays market ... would say break below 114.89 would cancel this scenerio lets see stop at 114.70..

Current price as i write is at 115.09

[EACAN]

EACAN:
And the chart 30 TF this is just another view of looking at todays market ... would say break below 114.89 would cancel this scenerio lets see stop at 114.70.. Current price as i write is at 115.09

sl moved 115.15 .....

[EACAN]

EACAN:
sl moved 115.15 .....

closed at 115.30

[EACAN]

EACAN:
For sure last move was 5-wave impulsive which marked the wave [A] of 4th wave as they say wave 4 is the ugliest wave ... this must be wave (a) of 4th wave.. i know chart is easier than this so chart attached...

My plan is this i'll reshort at 115.59 if it happens today all stops at 115.85 tp 114.50... and if this just goes down to say 114.80-95 i'll closed there..and wait for retracement for wave b of 4th B to enter for wave 4 B's c... sheesh

Charts Please

The short call goes from this chart overview post 193 ...just sl i kept till 115.65

[EACAN]

maybe 4th b end and shorting for wave c of 4th B

EACAN:
closed at 115.30

This is a real risk trade for me but i have to go with wat i am learning so shorting 1 lot here at 115.31 sl 115.65 tp 114.40...

either this is going to be wave c of higher 2 or for wave 4 B's c

[EACAN]

EACAN:
The short call goes from this chart overview post 193 ...just sl i kept till 115.65

Next Plan is to go 1 lot long at 115.65 sl 115.20 tp open

[EACAN]

EACAN:
Next Plan is to go 1 lot long at 115.65 sl 115.20 tp open

cancelling this plan might not be good or might be good .. since i dont have a wave count yet i dont want to enter at that price ..

current rate 115.30-31 as i write this sentence

[EACAN]

Chart till now...

Okay so back to the original chart i posted post 193..

the important thing here is 114.40 where it should stop and turn around also note that this wave (c:b:4) current down wave could also be "flat" we do remember flats .. next the (c:4) could also be a flat that would be a real nasty 4th wave ...

the chart doesn't try to predict the future movement the purpose is to show where we are at the current market situation if it is correct..

Chart Attached...