Hi Guys;
I know it's been a while since I posted. But, here it is. I think wave 3 is extending into the 4400 to 4500 area before a several week move into wave 4. Price is in the late stages of wave (iii) of wave v of 5 of III. So, expect a slight pull back before the final move completes.
In accordance with elliott, I expect wave 4 to complete near the end of...
In this chart, the analysis is a little different. I have the wave 3 as probably complete with a wave 4 under way that will likely retrace to the midpoint of the triangle. Afterwards, I expect a move to equality.
However, be advised that triangles indicate the next move will be final. But, here, the waves are not equal. Not difinitive, but enough to cause hesistancy.
This count reflects revised thinking in the EUR$ pair. The initial move is likely a 3 wave irregular with a B wave high. B wave highs commonly mark the extreme top and reversal.
In this count when measured from the orthodox top, waves (A) and (C) are equal. Wave A following is a 5 wave move followed by a move down expected to be wave C. In this scenario...
The pair will likely trade to the point where waves a and c are equal int the area of .9231 before a reversal lower. Look for a reversal to short the swissy in late 2015 early 2016.
The pair is in a C wave diagonal. Price will probably trade to the point where waves a and c of 5 are equal. Both waves will be equal at 1.3122. However, if wave 5 moves to .8 of wave 3, price will move to 1.3114. Look to get close shorts and Get long on a reversal and move higher.
The GBP$ has probably completed a wave 2 complex triple irregular-irregular-zig-zag correction. The indicated target 1.618 of 1 and C=A, the initial move up, in the area of 1.7245 to 1.7300 around early March.
Good Luck.
The GBP$ has completed a diagonal that ended in a wave 5 diagonal. Price has subsequently broken the wave 5 of C ending diagonal. The retrace will likely tak price to the underside of the lower trend line before moving down to the 1.60 to 5900 area.
A conservative trader would enter short in the 1.6400 area on a break below the C wave diagonal lower trend line...
