vagroupnet
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I've started a blog where I post my Elliott wave analysis - everybody welcomed to see it at http://elliottwavecharts.blogspot.com
Elliott wave analysis blog - EUR GBP USD GOLD weekly
- Thread starter vagroupnet
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vagroupnet
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Gbp
Finally pair did reversal and now is forming wave "a" of the upside move. Next target is 2.0000 level
Finally pair did reversal and now is forming wave "a" of the upside move. Next target is 2.0000 level
vagroupnet
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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
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
vagroupnet
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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
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
vagroupnet
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It takes couple of years. If you will start now you can make it.
theroguetrader
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vagroupnet
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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 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
vagroupnet
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vagroupnet
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Situation is global for all 3 charts - correction phase started. Minimal targets are 30%. You can place ongoing sell orders after rallies that will not lead to new heights.
EUR/USD
GBP/USD
GOLD
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EUR/USD
GBP/USD
GOLD
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On Monday we showed you why blatant wave patterns on four different time frames pointed lower.
On Tuesday, price showed you why this remains a frustrating and indecisive marketplace. Instead of
taking the opportunity to continue south, the indices again decided to rally to stay in the violent but
eastbound seven week range its been in since August. This marks the ninth huge swing in the past
seven weeks, and it’s making for an incredibly exhausting process as we debate the possiblity of
truncations here and deep retracements there. This is a really tough pattern no matter how you slice it.
Every single move has possessed impulsive attributes at some point in its progression, but it never
lasts for long. All we can do is be aware of how this is going to resolve (once it finally does) by
understanding all possible labelings. That’s the game plan again tonight. We’ll look at every single
labeling that needs to be considered after this latest swing. We’ll again come to the conclusion that this
market is headed lower because that’s the only sensible resolution. In the meantime, we have to go
neutral on our near-term stance because these swings are just too much to sit through. On any larger
time frame, we remain bearish because the pattern on any larger time frame remains bearish.
On Tuesday, price showed you why this remains a frustrating and indecisive marketplace. Instead of
taking the opportunity to continue south, the indices again decided to rally to stay in the violent but
eastbound seven week range its been in since August. This marks the ninth huge swing in the past
seven weeks, and it’s making for an incredibly exhausting process as we debate the possiblity of
truncations here and deep retracements there. This is a really tough pattern no matter how you slice it.
Every single move has possessed impulsive attributes at some point in its progression, but it never
lasts for long. All we can do is be aware of how this is going to resolve (once it finally does) by
understanding all possible labelings. That’s the game plan again tonight. We’ll look at every single
labeling that needs to be considered after this latest swing. We’ll again come to the conclusion that this
market is headed lower because that’s the only sensible resolution. In the meantime, we have to go
neutral on our near-term stance because these swings are just too much to sit through. On any larger
time frame, we remain bearish because the pattern on any larger time frame remains bearish.
