Elliott Wave EUR/USD

I am expecting a pullback on the daily chart and then a run down to the .9700 area.........................Good trading everyone,,,,,,,,,,,Jahdave

Well, here it is... I missed the top by 32 pips, it topped out at 1.0472 instead of 1.0440, but it is making the strong move down I was looking for. Right now I think we are in a wave 4, or will be there shortly...........After that will come wave 5 down, which will complete a wave 1 on a larger scale...............Then will come an ABC retracement for wave 2. After the wave 2 on the larger scale completes then the move down will be tremendous,,,,,,,,But that will probably be several months away...

It looks like wave 4 arrived almost on time and it is working it's way through it now. The most probable conclusion will be close to what I have labeled......... Please ask with any questions if you don't understand...........I have been trading for over 5 years now and understand Forex markets much better than I used too. I will be more than happy to help anyone that wants the help, and you can write me a private message if you are a new trader and don't want to ask a question in public........

What time frames do you trade from mostly?

I know, a slightly off handed question, sorry.

I trade on multiple time frames, but all of the current charts are the daillies..........Thnx HW.....

Here is my updated Aussie chart..........Wave 4 and 5 didn't last very long and now I think wave 2 on the next larger scale is over tonight. I am short Aussie and we will see how this ends up...........If I get stopped out on this short then I will short it again after it goes up one more time...

Video Explanation
Elliott Wave Strategy Vegas Wave - YouTube

Recommended Elliott Indicator:
Ellioott Indicator | Elliott Indicator for MetaTrader

Good luck!

It is very probable based on the strength of this initial move down today that wave 3 minor scale has begun. There should be a lot of opportunities to short on pullbacks for a while.