Even though the euro continued moving toward the downside past our invalidation point, its movement so far has been in 3 waves, which highly suggests that an ending diagonal may very well be unfolding as the final stage of this protracted downtrend. We’re updating our …
EURUSD 31st December, 2014 Continue to charts & full analysis »
It was expected that Cable is going to unfold towards the downside under the main count which was not what happened and Cable reversed directions moving towards the upside and the invalidation point is yet to be reached. Therefore the main count idea is still …
GBPUSD 30th December, 2014 Continue to charts & full analysis »
As expected the euro moved toward the downside, reached our first target at 1.2129 and exceeded it by 5 pips. We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
Today Cable unfolded towards the downside which is more in line with the main count we have and the confirmation point is yet to be reached. I am updating the main count adding tighter confirmation point. We have to keep in mind that this count …
GBPUSD 29th December, 2014 Continue to charts & full analysis »
As price moved lower past our invalidation point, it’s confirmed that minor wave 5 is still unfolding toward the downside. This should be viewed cautiously, however, since the downward potential should be fairly limited. We’re updating our counts to reflect the most recent price action …
EURUSD 29th December, 2014 Continue to charts & full analysis »
Cable unfolded as expected and both targets were reached and exceeded by 4 pips before reversing directions and moving towards the upside. This week`s main count expects Cable to continue towards the downside in a motive manner within an ending diagonal while the alternate count …
GBPUSD – Cable`s New Year’s Elliott Wave Analysis Continue to charts & full analysis »
Cable continued drifting towards the upside increasing the probabilities of the alternate count. We are updating both counts according to the latest price action and the main count expects one last decline before completing wave (1) black. The alternate count on the other hand expects …
GBPUSD 26th December, 2014 Continue to charts & full analysis »
Even though the euro just touched our invalidation point, it hasn’t made a new low yet. Seeing that this is actually another point that supports our current view, we’ve slightly modified our main count to account for the latest developments. We’re updating our counts to …
EURUSD 26th December, 2014 Continue to charts & full analysis »
For the first week in a very long time, price has formed a relatively very small Spinning Bottom, which is a sign of indecision. Coupled with the deeply oversold momentum conditions and an Elliott Wave pattern that seems mature enough to be complete, perhaps the …
EURUSD – Euro’s New Year’s Elliott Wave Analysis Continue to charts & full analysis »
No change in the wave count since the market has been closed today. Hope you guys are enjoying Christmas with your families and loved ones. Have a magical Christmas and a Happy New Year. As a recap, we are updating the main count according to …
GBPUSD 25th December, 2014 Continue to charts & full analysis »
