Elliot Wave Analysis forex

Simply beginning a brand new thread on EW evaluation to draw like minded merchants. I’ve observed different EW threads are declining in posts. I imagine that this specific concept is the most effective to foretell future costs together with fibs… I’m not an knowledgeable in EW however i do attempt to the most effective of my means, so, to all these consultants on the market, please submit your evaluation and we’ll examine our counts to commerce higher.

Guidelines are easy..
please do not battle amongst your self… there isn’t a proper or incorrect on this market. Preserve calm and have constructive criticism.
Please keep away from something aside from buying and selling, in order that we consider making some cash.

I’ll submit my charts with counts at any time when potential. I would favor to see a day by day TF(or greater) and an hourly TF of the instrument that you’re posting. i will likely be concentrating totally on majors, gold and oil however be at liberty to submit crosses and exotics.

Lets begin off with DXY chart. Here’s a day by day chart. I hope that 5 th wave has ended for main wave 1. now ready for wave 2. anticipating this may take 3-4 months to finish. If this can be a appropriate depend, then a correction to wave 2 will comply with. if a brand new low won’t be fashioned within the coming weeks, then we are able to purchase greenback on dips.

listed here are 2 charts on 1 hour.
I’m anticipating a niche up on dxy on monday morning to wave 5 at 61.8% and even 100% as wave 1. then a decline to 50 % of that transfer as wave 2. chart will comply with as soon as this transfer is completed

That is my day by day chart on eur/usd. I hope the fifth wave has already accomplished and the most important decline for wave 2 has began. We do not know what sort of sample it is going to take in the meanwhile. We are going to see because it develops. 2nd wave is hoped to be completed by 50% of the transfer however it could actually go all the best way to nearly 100% as nicely. Time will inform us that however in the intervening time, lets attempt to digest what’s on the desk (if the depend is appropriate).