Elliott wave analysis by Andrew Vorobyov

[JaiSreeram]

Tell me what books are good to learn elliott wave ?. Also what about the software which counts wave which ones is the best program?

 

[rcanfiel]

Quote from JaiSreeram:

Tell me what books are good to learn elliott wave ?. Also what about the software which counts wave which ones is the best program?

You might find some benefit in the Harry Potter videos. I understand there are a few incantations, and perhaps you can visit the Magic Wand shop for an Elliott Waver.

But if you want some education, you can enroll in Hogworts for the next semester...

 

[toc]

VA,

What do your charts say about the USD and CAD. How about Oil.

Thanks for posting your views!

 

[vagroupnet]

USD/CAD is a tough one to say..

Basic analysis shows that next 2-3 month target will be 0.867.

But it is possible that we will have another jump into 1.05-1.10 area and then back to new lows.

It's really uncertain about CAD. It's not like EUR/USD or GOLD.

 

[Hope/fear]

USD/CAD - The current medium term pattern playing is an expanded flat.

Short term it just has or has almost finshed and A-B-C countertrend correction. The C or Wave 3 is underway now or will be soon.

This correction should take prices for this pair to the range .9520 -.9455

 

[dozu888]

the 'idiot wave' stuff works so well, the practitioners have to sell snake oil to make a living.

just great.

 

[JaiSreeram]

Quote from rcanfiel:

You might find some benefit in the Harry Potter videos. I understand there are a few incantations, and perhaps you can visit the Magic Wand shop for an Elliott Waver.

But if you want some education, you can enroll in Hogworts for the next semester...

Thanks for your suggestion. I will take it to heart and run to Diagon Alley.

 

[vagroupnet]

EUR/USD


Euro felt below 61% support line from the previous upside move. There are two possible scenarios:

a) Euro will continue to fall to 1.4310 area, forming wave A of decline move. This will indicate serious problems for EUR in next 1-2 months.

b) Euro will rebound and attack 1.5 level

Best scenario is to sit and wait until situation will clear out

GBP/USD


Another two scenarios. Pound is going down in any of them:

a) Current downtrend can extend to 1.8833 with current wave labeling.

b) Alternative scenario will be 1.9190 price level

GOLD


Gold is either forming wave "c" that will beat 937 or start falling below 850

 

[rcanfiel]

Quote from vagroupnet:

EUR/USD


Euro felt below 61% support line from the previous upside move. There are two possible scenarios:

a) Euro will continue to fall to 1.4310 area, forming wave A of decline move. This will indicate serious problems for EUR in next 1-2 months.

b) Euro will rebound and attack 1.5 level

Best scenario is to sit and wait until situation will clear out

GBP/USD



Another two scenarios. Pound is going down in any of them:

a) Current downtrend can extend to 1.8833 with current wave labeling.

b) Alternative scenario will be 1.9190 price level

GOLD


Gold is either forming wave "c" that will beat 937 or start falling below 850

Do you have any evidence that your calls work? EW has a poor record. Can you show otherwise?

 

[vagroupnet]

Gold must be forming wave "C" that should reach 883 level as minimum or even lower.



GBP/USD will jump into 1.9620 area and continue to decline.



EUR/USD is topping below 1.47 level. Decline should follow afterwards to 1.44-41 level.




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