Elliott Wave Counts - Wavy Tunnel PRO
General Comments Please watch the accompanying video analysis by Juan Maldonado, our Chief Elliott Wave Strategist where he analyzes in detail the EUR/USD, DOW, OIL and APPLE. In the Elliott Wave Desk, we review 13 markets every day. Weekly and Daily Timeframes on 13 Markets: EUR/USD – in the process of playing out a bearish continuation triangle pattern GBP/USD – 1.2000 to 1.3000 broad trading range; below 1.2675, current cycle is lower AUD/USD – currently in a wave 2 complex correction which could see lower levels towards .7300 USD/JPY – current bullish trend in play – 61.8% at 115.50 next level to watch USD/CAD – in a corrective sequence higher; 50% Fib @ 1.3575 and 61.8% Fib at 1.3839; watch for reversal NZD/USD – the current daily cycle in this pair is down S&P – wave count calling for another move up to complete wave c before a correction DJIA – wave count looking for a correction from current or slightly higher levels NASDAQ – wave count calling for lower levels as long as price fails to take out 4885 recent highs Russell – current uptrend to complete magenta wave c which ends a complex blue wxyxz pattern before reversal DAX – as long as price stays below 10802 wave count looking for black wave c down to complete blue wave ii GOLD – in the process of completing a 5-wave sequence down to conservative previous low of 1170 OIL – peaked at recent 49.19 high and we are now following the momentum down towards previous 42.23 low This is what we do every day. Think about how much better this gets when we add the Wavy Tunnel PRO! Sincerely Yours, Jody Samuels WEEKLY UPDATE 11/27/2016
EUR/USD Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
EUR/USD Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
GBP/USD Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
GBP/USD Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
AUD/USD Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
AUD/USD Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
USD/JPY Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
USD/JPY Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
USD/CAD Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
USD/CAD Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
NZD/USD Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
NZD/USD Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
S&P Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
S&P Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
DOW Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
DOW Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
NASDAQ Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
NASDAQ Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
RUSSEL Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
RUSSEL Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
DAX Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
DAX Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
GOLD Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
GOLD Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
OIL Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
OIL Daily Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
Disclaimer There is a high degree of risk involved in any type of trading. Foreign Exchange trading is not suitable for all investors. Past results are not indicative of future returns. FX Traders EDGE and all "affiliated" individuals assume no responsibility for your trading and investment results. Please keep in mind that all comments made by FX Traders EDGE instructors should not be construed as investment advice regarding the purchase or sale of Foreign Exchange. Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE 11/27/2016
Please watch the accompanying video analysis by Juan Maldonado, our Chief Elliott Wave Strategist where he analyzes in detail the EUR/USD, DOW, OIL and APPLE. In the Elliott Wave Desk, we review 13 markets every day. . Sincerely Yours, Jody Samuels WEEKLY UPDATE 11/27/2016. EUR/USD Weekly Two week chart trial at bit.ly/EWcharts WEEKLY UPDATE .
Wave a and Wave c are constructed of five waves as Elliott originally proposed. As opposed to the five wave impulse move in Elliott’s original version that could form either a Wave 1, Wave 3, Wave 5, Wave A or Wave C the harmonic version can only f
So, the wave 1, wave 3 and wave 5 are parts of impulsive wave in upward direction. [6] Though Elliott waves follow many rules but three basic rules are followed by each wave to interpret Elliott wave. These guidelines are unbreakable. These rules are as follow: Rule 1: Wave 2 is not retracted more than 100% of wave 1.
So, the wave 1, wave 3 and wave 5 are parts of impulsive wave in upward direction. [2] Though Elliott waves follow many rules but three basic rules are followed by each wave to interpret Elliott wave. These guidelines are unbreakable. These rules are as follow: Rule 1: Wave 2 is not retracted more than 100% of wave 1.
Motive Wave. It is a five wave trend but unlike a five wave impulse trend, the Wave 4 overlaps with the Wave 1. Ending Diagonals are the last section ("ending") of a trend or counter trend. The most common is a Wave 5 Ending Diagonal. It is a higher time frame Wave 5 trend wave that reaches new extremes and the Wave 3:5 is beyond the .
Elliott wave triangle waves usually occur in the position of wave B or wave 4 of the larger pattern. A triangle wave is usually the penultimate move in the larger Elliott wave pattern and leads to an explosive move back into the larger trend. Contracting triangle The contracting triangle is a horizontal contraction in range of the price.
Because of that, an Elliott Wave cycle shows a five-waves market decline or advance, corrected by the other three waves. To count an impulsive wave, Elliott used numbers and he used letters for a corrective wave. As such, a bullish or bearish cycle has a 1-2-3-4-5- a-b-c count. These eight waves form the Elliott Wave Principle key to market behavior.
Applying Elliott Wave theory is the study of the stock markets price data in the search for recognisable patterns in the behavior of the markets prices. These price patterns can enable an Elliott Wave analyst to assess whether prices are likely to rise or fall - ahead of the event. Elliott Wave Theory - an Invaluable Tool for Successful Trading
Agile software development methods, according to Agile Software Manifesto prepared by a team of field practitioners in 2001, emphasis on A. Individuals and interactions over process and tools B. Working software over comprehensive documentation C. Customer collaboration over contract negotiation D. Responding to change over following a plan [5]) primary consideration Secondary consideration .
