As expected by our alternate count, the euro moved towards the upside to reach both of our targets exactly to the pip.
And given the price action of last week, we’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
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As expected the euro moved towards the upside to reach the first target of our main count and exceed it by 12 pips.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.
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Last week we expected the euro to reach its exhaustion point and form a top, which was not what happened.
While the euro has continued its upwards movement, the bigger picture of this action still looks overlapping and strained, which is a typical sign of corrections.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.
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Over the past week the euro continued its upwards movement. But the bigger picture of this action still looks overlapping and strained, a typical sign of corrections.
Now that the euro has reached several important points, is a top in place or should we expect further rallies?
We’re updating our count to reflect the most recent price action and to present tighter targets and invalidation points.
Also please note that, from now on, we will be discussing two confirmatory studies which reside outside the realm of Elliott wave analysis on a daily basis: MACD and Japanese candlesticks patterns. The presence of these studies has an impact on the confidence of a given count.
We hope by adding these studies that it will prove beneficial for our members, and please bear with us as we reach – together – the best presentation and full integration of these studies into our existing service.
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The euro ended the week with a very congested range-bound movement, suggesting that we may witness some strong action over the coming week.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
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Last week we expected that the euro was searching for a top. We believe that it has just found it and that the coming week will witness some strong downwards momentum.
We’re updating our count to reflect the most recent price action and to present tighter targets and invalidation points.
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EURUSD – Getting Ready for Another Drop? (22-Nov-2013)Read More »
As expected last week the euro moved towards the upside and has reached our first target and exceeded it by only 5 pips. And while this correction may still have further upwards momentum left, it’s likely nearing a point of exhaustion and we expect it to form a top in the near future.
We’re updating our count to reflect the most recent price action and to present tighter targets and invalidation points.
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EURUSD – An Upwards Correction Searching for a Top (15-Nov-2013)Read More »
As expected last week the euro moved towards the downside and reached the first target of our main count almost to the pip. It’s highly likely that the euro has just made a temporary bottom and is about to reverse direction towards the upside — at least for a while.
We’re updating our count to reflect the most recent price action and to present tighter targets and invalidation points.
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EURUSD – Time for an Upwards Correction (08-Nov-2013)Read More »
As expected last week the euro made a significant top and suddenly fell over 300 pips in a very impulsive movement.
We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.
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EURUSD – Will the Euro Continue to Fall? (01-Nov-2013)Read More »
