Wave 3 of iii Potential - Jan 19 Low is critical

FX:EURAUD   歐元 / 澳幣
887 9
For those intimate with Elliott Wave counting, check out this chart.

The EUR/USD and AUD/USD have been diverging in price over the past few days creating some large moves in the EUR/AUD cross pair. The Elliott Wave picture has a wave count that suggests a wave 3 of iii underway from the Jan 19 low. If this is the case, then prices are likely to aggressively climb higher.

A drop below the Jan 19 low does not negate the bullish counts, but does hamper how I have the .1 and .2 labeled.

The pair was highlighted in a published article 2 weeks ago - you can view it here for a refresher.

Best of luck and happy trading!
評論: The intensity of this scent diminished on a poke below the Jan 19 low. What smelled like a wave .iii ended up being the scent of a 'b' wave or something else.

This 1.53 handle is a potential support area. Below there, we may see support at 1.51 but the odds are quickly shifting that Dec 3 - Jan 15 was a zig zag.

Bottom line, might be a small sized long trade in the 1.53 handle in a last gasp effort on wave .iii. Otherwise I'll need to see resistance levels break to get me smelling wave .iii again.
Big Cup with Handle pattern.
+1 回覆
Nice one Yahia - it looks like handle has formed on an upward retracement that barely travelled 50% the distance of the left side of the down move (2008-2012). Not a favorable pattern in this scenario as I would like to see that handle form a little higher on the right side of the cup.
tnx a lot
do you think wave {III} may be extend?
Typically it does. On the move above 1.5865, I thought that was the trigger to an extended wave. As it stands now, that was a false break or possibly a 'b' wave under the bullish interpretation.
AnandYRaja JWagnerFXTrader
I was looking at this on the daily

and this on the 4hr
I was looking at a similar count. However, I am also keeping this count as an alternative.
+1 回覆
I like this idea of a "B" wave triangle. I would assess it slightly differently in that we are still working through the circle C of the triangle. Triangles can be tough to identify early on so we'll need to place this on the back burner and revisit it in a few months to see if it is still plausible.
+1 回覆
Good catch - total rejection at the RSI trend line.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 價格 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 尋求幫助 功能請求 部落格 & 新聞 常見問題 維基 推特
概述 個人資料設定 賬戶和賬單 尋求幫助 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出