{lang: 'en-US'} February 2013 ~ ElliottFxTrader Blog

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Wednesday, 27 February 2013

NZD/USD H4 Update

Like in a book wave progression so far.

Now I expect some pullback in XX wave. It might go as low as thivk blue trend line goes @ 0.8050 before the bounce and trend resume.

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Seb

BEFORE:


 AFTER:






Tuesday, 26 February 2013

$DXY US DOLLAR Index Update

So far this index moves exactly as anticipated.

Right now corrective wave 2 might be finished because leg W=Y and whole wave can end @ 61%Fibo.

Any brake to the upside will expose 83.60 as the 161% Fibo Extension of leg Y.


Seb

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 PS: Before and after charts

BEFORE:


  AFTER:


Friday, 22 February 2013

USD/CAD Daily Update

So far everything as planned.

Now it is up to resistance to hold or be broken.

Before and after charts.

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Seb




EUR/AUD H4 Update

Before and after charts.

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Seb

 

Thursday, 21 February 2013

EUR/USD Daily Update

Very bearish view in this set of 1-2,1-2,1-2 Elliott Wave  progression.

We might have seen EUR/USD @ 1.3711 as this year's high.


Seb


GBP/JPY H1 & H4 Update

Looks like a trend line break and Leading Diagonal Elliott Wave count are doing the job so far.

Pullback is expected, before more downside weakness.


Seb



Wednesday, 20 February 2013

GBP/USD Weekly Update

Cable is below long term trend support line and I think this is true Triangle pattern breakout.

Seb




Tuesday, 19 February 2013

DowJones DJIA Futures Weekly

This is Weekly Elliott Wave count of Dow Jones Industrial Average Futures Index.

Enjoy!

Seb

EUR/USD Daily Update - Pitchfork

I can see a bulding SHS big pattern on this Daily chart that respect the median line of the Schiffs modified pitchfork as well.
Then there could be next SHS pattern and the recen developing might suggest the neckline test of some kind.

The level of 1.3300 is the line in sand for bulls now.


Seb



Monday, 18 February 2013

Gold XAUUSD Daily Update

So far the bullish scenario of wave 1,2,3,4 has been invalidated due to wave 1 and 4 overlapse.

The best fit right now is very complex and time consuming wave 4 in shape of WXY pattern. The bottom for this correction is $1540 - $1527 area. From there more impulsive bullish action is anticipated.

Seb



EUR/AUD Daily & Weekly Update

Some Gann  Fan charts for anyone interested - so far it looks like on Daily chart (scaled) 1x1 line hold perfectly and Gortzel Cycle Algorythm shows a little more of correction is needed before new cycle up begins.

Seb

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Sunday, 17 February 2013

EUR/USD Daily & Weekly Update

Some Gann Fan for Gann fans.


Seb





GBP/USD Daily & Weekly Update

A couple of Gann Fan Charts with SQ9 Support/Resistance levels for further references.
Pleas enotice that the level of 1.5407 - 1.5375 is  the main support for this pair.

Seb

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Saturday, 16 February 2013

EUR/JPY Weekly & Monthly Update

Time for wave 4 retracement? Triangle anyone?

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Seb





EUR/USD Daily Update

One of the possible impulsive counts (1-2,1-2,1-2) is about to be invalidated due to wave 1 and 4 overlapse but it is still possible however not very likley for impulsive wave 5 to develop - You can see it on Daily chart:

 Much more probable wave development is provided on this Daily chart, showing WXY structure as wave C:



















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Seb

Wig20 Futures Daily & Weekly Update

So far the corrective wave can go as low as 2249 points  without invalidating the count.

Below this level the bullish outlook musht be revised and it is more likley alternative count would be in play.

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Seb



Friday, 15 February 2013

USD/JPY M30 Update

Before and After chart.

This chart has been published on VIP blog on 14.02.2013.

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Seb

Thursday, 14 February 2013

NZD/USD H4 & Daily Update


After breaking the SUPPLY zone my guess is kiwi is going to 0.8600 area as the final extension of wave 5 and Z of (c).


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Seb

















Monday, 11 February 2013

S&P500 Futures Daily Update

This is one of the proposed counts - a bullish one with the eventual bearish Butterfly pattern that starts @ 1544.75.

Time will tell if market will get there.


Seb

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NZD/USD H4 Update

So far - so good. Looking for new high.

Seb

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AUD/USD H4 Update


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Finally I got my wave (e) completed so now my best trading plan idea is to go long AUD/USD with stop below this H4 pin bar - this is for swing traders only with good SL.

Now to confirm this outlook we need more impulsive wave development.

Seb



Saturday, 9 February 2013

EUR/PLN Weekly Update

Rather tight reange trading in wave B can be observed in this par for last few weeks but it looks like the move to the downside is not finished yet and we might see more weakness in this pair before futher advance.

Current wave B correction is  a Double Three pattern.



Seb

USD/PLN Weekly Update

This pair is in very important level now: either it will hold the line and break up through red trend line and then up to 3.58 level  OR it will reverse at trendline and test again the area of  first orange rectangle @ 3.0125 - 3.0000 and then might reverse.

Seb


EUR/JPY Weekly Update

Please notice that the voulme is still very strong and there is no sigh of any divergence.

Seb


Tuesday, 5 February 2013

USD/JPY H4 Update

Some people were prepared for this rally and benefit nicely.

Seb


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Monday, 4 February 2013

DAX30 Futures H1 Update




Some people were prepare to trade the recent wave down.


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Saturday, 2 February 2013

NZD/USD H4 Update

As I mentioned last week after the triangle breakout the NZD/USD should move upward to complete the wave Y of the cycle.

0.8530 in view as a first resistance level.


Seb

EUR/USD Weekly Update

First resistance is the 1.3850 level.

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Seb



GBP/USD Weekly Update

So  far the search for a true breakout out of triangle pattern looks good: we got some impulsive development to the downside and if cable will break the triangle trend line we can expect more downside movement after a wave 2 correction.
Nevertheless, if GBP/USD will not brake the lower trend line we may label the wave down as X and expect another wave up - wave Y. This one might even be thown - over the upper triangle boundary as it can be seen on this Weekly chart:


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Seb

Friday, 1 February 2013

EUR/USD M30 Update

Chart presented today on VIP Service blog.


Please check where the price is right now. :)

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Seb

EUR/JPY H1 Update

This chart have been published on VIP Service blog yesterday evening.

Please check where the price is right now. :)

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Seb


 


 
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