Elliot Wave Analysis, June 14, 2007

[muhammad]

1. EUR/USD

[IMG]https://www.******-idc.ru/files/pic/docs/4/27112_3366.gif[/IMG]

The second leg (c) of zigzag [w] is supposed to be forming. 1.3250, 1.3050 and 1.29 are the optimum levels for its completion. Waves (B) and (b) of [w] endings are the critical levels for this variant.

Wave i of (c) has assumed the shape of the impetuous impulse. If this dynamics remains valid corrections inside impulse (c) will not be deep and long. That is why the price falling may continue in the nearest future.

According to the alternate scenario ending of zigzag [xx] is forming. If this variant is confirmed upward wave [z] of Y of (B) will start forming in the nearest future.

[muhammad]

2. GBP/USD

[IMG]https://www.******-idc.ru/files/pic/docs/4/27112_3367.gif[/IMG]

Wave counting on 480 min chart.



The second leg (c) of zigzag [w] is supposed to be forming. 1.96- and 1.92 are the optimum levels for its completion. Waves (B) and (b) of [w] endings are the critical levels for this variant.

Wave i of (c) has assumed the shape of the impetuous impulse. If this dynamics remains valid corrections inside impulse (c) will not be deep and long. That is why the price falling may continue in the nearest future.

According to the alternate scenario ending of zigzag [xx] has formed. If this variant is confirmed upward wave [z] of Y of (B) is forming.

[muhammad]

3. USD/JPY

[IMG]https://www.******-idc.ru/files/pic/docs/4/27112_3368.gif[/IMG]

According to this scenario wave 3 of the diagonal triangle is assuming the shape of the narrow double/triple zigzag. It will be confirmed by further upward movement in the narrow trend channel.

In the picture several possible variants of this area marking is given. The sixth wave of correction [vi] is supposed to be completed in the shape of the double zigzag. If the supposition is correct the price should not break the critical level (wave [vi] ending).

According to the alternate scenario wave [v] ending may be forming now.

[muhammad]

4. USD/CHF

[IMG]https://www.******-idc.ru/files/pic/docs/4/27112_3369.gif[/IMG]


The second leg (c) of zigzag [w] is supposed to be forming. 1.2550 and 1.28 are the optimum levels for its completion. Waves (B) and (b) of [w] endings are the critical levels for this variant.

Wave i of (c) has assumed the shape of the impetuous impulse. If this dynamics remains valid corrections inside impulse (c) will not be deep and long. That is why the price rise may continue in the nearest future.

[muhammad]

5. EUR/JPY

[IMG]https://www.******-idc.ru/files/pic/docs/4/27112_3370.gif[/IMG]


Supposedly wave iv of (iii) has assumed the shape of the modest zigzag whereas corrective wave structures which were assigned to it turned out to be contracting diagonal triangle v of (iii) which completes impulse (iii) of [v] of 3. Having broken slightly the upper forming line of the diagonal triangle the price fell confirming this pattern by implication.

Currently corrective wave (iv) of [v] of 3 is forming. It has already fulfilled the minimum requirements for the fourth impulse waves:
it has reached the area of the previous fourth wave of a lower wave degree iv of (iii),
it reached the lower edge of the trend channel,
the depth of the retracement reached 24.6%,
MACD 5-34-5 oscillator is in the negative area.

That is why it is possible that it has completed already. Though the wave structure of wave (iv) of [v] of 3 supposes its further development (may be in the shape of zigzag a-b-c), the beginning of the diagonal triangle may be reached. Projected targets for the final wave (v) of [v] of 3 should be adjusted only once the fourth wave (iv) is completed. If we suppose that this four (iv) has completed then new projections are in the already calculated value area.

[yohanip]

Hello,
nice thread here, i'll keep on watching them since i'm very interested with the Wave analysis, how's this analysis has brings you profit? and how's the market behaves? is it good by using the wave principle?

i'm sorry for the rambling questions here..
thanks.

[13thheaven]

nice thread, but u have to update it everyday, so we can see the updated chart
thx

[forexway]

think you EW afficionados have that in c-waves?

Target for cable shown on chart attached, with the Elliott Wave in black (just ignore the cycle numbering).

[13thheaven]

so do you think gu will go to 2.0349 ?
wow, that's hard to climb that high, even for gu...

[pham_nams]

@muhamad : please continue your posting, useful !

[olabisi75]

I really enjoy reading this thread and do please keep updating it.
thanks

[orochimaru]

thanx for posting EW ...i really blind about this..

can we use EW in small time frame ...5 M or 15 M

I'll keep an eyes for your next post ..

[fireflies]

thanx for posting EW ...i really blind about this..

can we use EW in small time frame ...5 M or 15 M

I'll keep an eyes for your next post ..

Due to high noise data in small time frame, even if there is EW in it, it'll be highly distorted.

[orochimaru]

Due to high noise data in small time frame, even if there is EW in it, it'll be highly distorted.

I ever tried in short time frame to see the wave pattern i guest you're right
its easy EW to see with the big Time Frame such 4H , 1D or weekly time frame...

i'll try to see the pattern in that TF

thanx for reply my postbaby

[kyuzu]

this is make me so dizy.....sm_scramble

brrr....

you're a genius!!