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The up trend, is possible finished

Hello,
As I wrote in the previously posts, the principal trend for Eur-Usd currency pair, is down.
From how much I observed, at this moment is in running a correction and this is a triangle, the best of triangles, an expanding horizontal triangle (my opinion). I think that the up trend is finished and in same time with it, was finished and the c wave of triangle.
In an expanding horizontal triangle, usualy, the d wave is a zigzag. We must tu find signals which confirm this hypothesis and in this…
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Uncertain moments

Hello,
We have an uncertainty moment, because is very dificult to say where go the market.
As I wrote in previously analisys, it is a great correction, which look increasingly more that an expanding horizontal triangle.
The thrust must be, between 0,9477 and 0,8705 and if this correction is a flat, will be impossible to touch the target.
The only correction which can realize this work is the triangle. Because wave b is bigger than wave a, and wave c is bigger than wave b, certainly wave d will b…
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We will follow the double combination realization, first combination is a flat with weak b and  failed c and the second combination, a flat with normal c. This will be c wave, in a possible irregular contracting triangle.

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The "great" correction

Hello,
I came back.
As I wrote in the comments in my previous analysis, the only certaity is that this correction is not finished.
The evolution as shape and time, cannot be anticipate.
Can be a flat or a triangle. The triangle can be contracting (at this moment the chance are almost zero - but who knows) or expanding.
I have some questions at which I cannot give the answers.
Looke at next chart and you will understand what a dilemma I have.
This is the first wave from the {c} wave, which is not…
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Because the support from 1,2010 was broken, the hypothesis with flat correction is falls and remain only variant with expanding triangle. The details in next analysis.

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ovidiu_gnt 24 Sep.

Not the support, the resistance.

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Plan B

Hello,
Well, the resistance from 1,2998 was broken. In this case we implement, Plan B. What mean this?
Instead the leading impulse we have an terminal impuls.
The numbering will be changed and the triangle correction, will be convert into a possible flat, the terminal impulse is wave {(c)} in {b}. At this moment is possible to be in progress wave {c}.
Now we analize wave {(iv)} and in my opinion, this is a contracting running unlimited triangle. The thrust probably will be between 1.1437 and 1.1…
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The things did not go, as in my hypothesis, but certainly, wave [iv] (the great correction) is not completed. More details in next technical analysis.

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The two triangles are not really, because maximums are broken.

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The market is saturated

Hello,
As I wrote in previous analyzes, the downtrend will be continued. Is true that I did not expect like the retrace to be so big, but this thing not depend by me. I think, that at this moment, the up corection is finished (even if we wil have a new maximum, it not break resistance from 1,2998).It doesn't mean, that the correction is completed.
I will explain you, what it is about.
When I meeted leading diagonal impulse as wave 1, wave 2 was a flat with "strong" wave b (it retrace wave a, ov…
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Slowly but surely (II)

Hello,
Yes, I write that my numbering is wrong, but this does not mean that the trend is choice wrong.
Let's explain!
This chart is still correct. The thrust, from this triangle will be between 0,9477 and 0,8705.
In same time, the next triangle is correct.
The thrust can be between 0,9273 and 0,8022 .
Intersecting the two areas, result a move, between 0,9273 and 0,8705.
Till here everything is alright.
Now, I renumbering, nexts waves.
First time the impulse . It is a leading impulse (I know, Nee
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If I have identified correct the triangle, the thrust for wave {(v)}, will be between 1,1054 and 1,10845.

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Slowly but surely

Hello,
For 3 consecutive months, my "prediction", is below 1. In Elliott wave analysis, is good to have you steel nerves. As long as the resistance from 1.0873 is not broken, the hypothesis with wave [ii] a double three running, remain correct. The confirmation will come when 1.0340 support will be broken. At this moment, in my opinion, wave {(d)}, is not finished.
Why, write I this ? Because wave {} is longer (in time) as wave {[a]}, but in same time these waves can be {(d)} and {(e)}. If I'm right, w[/ii][/a]…
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ovidiu_gnt 26 Mar.

If the resistance from 1.0829 is broken, the numbering is wrong.

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Because both resistances were broken (1.0829 and 1.0873), the numbering is wrong. I attached a possible numbering in which the waves [i] and [ii], are finished. The confirmation will come when the support  from 1.0340, will be broken.

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Will come

Hello,
I think that the wave [ii], will be finished at the begin of March. I expect that along with this wave {y} (a contracting triangle), to be finished and a double three running, as wave [ii].
In my opinion, this is how it looks, the double three running.
If you want to see the complete numbering, you can look at previous prediction.
I will come back, with comments, after what the support from 1.03403, will be broken.
Good luck!
Ovidiu
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ovidiu_gnt 19 Mar.

The market does not hurry, I don't know if wave {[b]} is finished but in principle, is possible as wave {(d)} to be in progress. Chances are small, as waves {(d)} and {(e)}, to be finished, but not impossible. I use first variant and in this case, probably we will have to wait and my initial prediction (below 1). Wave [ii], will be finished, when 1.0340 support will be broken.

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EUR-USD - Below one

Hello,
Because is difficult for me, to adapt me at contest conditions, I decide to show you, how I trade on a real account. In this sens, I open an Euro account with 100 Usd and I have placed a sell transaction by 1000 Usd at 1,05573 level (thank you Raivis for help).The trend is descendent, as I wrote in previous analysis.At this moment, the market drew, a possible double three running, finalizing in this mode, wave [ii] from impulse. This is the explanation why Eur-Usd, has descent, instead of gro[/ii]…
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ovidiu_gnt 10 Jan.

Because the resistance from 1.06221 was broken, the wave {(e)} is not truncated zigzag and even the wave {y} must renumbered, but the trend remains unchanged. I wait to define better the pattern.

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ovidiu_gnt 13 Feb.

At this moment is impossible to reach my prediction 0,97373, in 01.03.2017.
Probably, the descent will begin at the moment when Great Britain will announce the BREXIT, in March. This is the numbering possible, for the wave "y".

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EUR-USD Complete analysis

Hello,
As I wrote in a previous post (https://www.dukascopy.com/tradercontest/?action=post-read&post_id=117610), I return this time with a post by technical analysis (tag). Though not know the length of time and shape of model that is going to form (I just know that is an impuls - possibly terminal) I will argue with graphics, everything I write.
We start from the fact that the support of 1.0522 was broken.
What does this thing mean.
For me is the first step in triangle confirmation (the waves (…
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ovidiu_gnt 27 Nov.

Looking at the weekly chart, we see the formation of an impulse, which currently has 4 waves finalized and wave 5 [v] is in progress.              This is not visible.

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