ElliotWaves - page 31
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
wolf wave Settings
what wolf wave indicators are people using and settings
I am test this indicator, does anyone have any recommend settings and time frames
what wolf wave indicators are people using and settings I am test this indicator, does anyone have any recommend settings and time frames
It's interesting but it's just zigzag again with numbers, cannot be relied upon IMO
Elliott wave analysis blog - EUR GBP USD GOLD weekly
I've started a blog where I post my Elliott wave analysis - everybody welcomed to see it at http://elliottwavecharts.blogspot.com
Gbp
Finally pair did reversal and now is forming wave "a" of the upside move. Next target is 2.0000 level
Eur
EUR/USD made reversal and uptrend wave "a" is already finished. Correction can extend to 1.4525 but minimal target is 1.4620
Notice: Because of the strange wave length sizes there is small chance that downside trend can resume and my wave count is wrong now
Gold
Gold has finished (or is finishing ) it's wave "a". Correction wave "b" can extend to 895-877 price level. From that point uptrend will continue
EUR/USD
EUR is still forming correction that should reach at least 1.4730 target. After this correction uptrend will continue.
GOLD
Gold has passed minimum requirements for correction wave length and could start forming uptrend this week.
Notice: wave count on this chart could be different, but it does not change long term outlook
GBP/USD
The pair is finishing sharp correction and minimal requirements are already met and uptrend can resume any time.
First uptrend target is 2.0030 and next one could be 2.0270. Uptrend will be developing in form of zigzag
EUR/USD
Euro felt below 61% support line from the previous upside move. There are two possible scenarios:
a) Euro will continue to fall to 1.4310 area, forming wave A of decline move. This will indicate serious problems for EUR in next 1-2 months.
b) Euro will rebound and attack 1.5 level
Best scenario is to sit and wait until situation will clear out
GBP/USD
Another two scenarios. Pound is going down in any of them:
a) Current downtrend can extend to 1.8833 with current wave labeling.
b) Alternative scenario will be 1.9190 price level
GOLD
Gold is either forming wave "c" that will beat 937 or start falling below 850
vagroupnet, in your previous euro image, what you've labeled
as C is imo WB; the previous H to L to your C is an AB Reversal
seen as a W or M more usually in the low timeframes and often
a component of Corrections and Retracements
Gold must be forming wave "C" that should reach 883 level as minimum or even lower.
GBP/USD will jump into 1.9620 area and continue to decline.
EUR/USD is topping below 1.47 level. Decline should follow afterwards to 1.44-41 level.
You can subscribe to this analysis by RSS or by e-mail. It's free