one question - Why 90 % of you are calling for 5w structure from june ? in w3 there is no divergence, here w2 was made in 5 days and w4 in 2 months (if it's ended). Do you really think like this ?

I went back for the month of November and checked every post. There is not one post here in the last month that comes even close to your claim of 90% calling 5 wave structure from June. Some indicate they may be expecting a 5 wave structure but, so what? They have time to change their position.

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I personally, find your last question insulting to the community and ask that you refrain from making such posts in the future. Thanks in advance for your cooperation.

Here is a high probability trade set up in the GBP$. In this setup we have a breakout and two probable targets confirmed. Using Elliott, C=A we get 1.6357. Using the breakout principle, we get 1.6329 as a probable minimum target.

I was looking at 1.2938 but anyways my count has been proven wrong.

I think you are in the right area. I think the move up is clearly a series of 3's but I have looked at two options. 1) Diagonal - in this case wave 1 is the longest wave but, wave 2 is not deep enough. However, the lines do converge. 2) Running triangle - this one can be eliminated because of the wave A is too deep and complex thus wave B did not exceed the length of wave A by quite enough. So, I am going diagonal in either a wave 5 or wave A of C. If it is a Wave A of C then Wave (C) should move to about 1.3226. This will probably complete a long term WXY move and possibly wave E along with the GBP$.

There is another possibility here, that may extend to the 1.3600 to 1.3700 area. In any event, my initial time targets are 1-03 to 1-07-13.

I think you are in the right area. I think the move up is clearly a series of 3's but I have looked at two options. 1) Diagonal - in this case wave 1 is the longest wave but, wave 2 is not deep enough. However, the lines do converge. 2) Running triangle - this one can be eliminated because of the wave A is too deep and complex thus wave B did not exceed the length of wave A by quite enough. So, I am going diagonal in either a wave 5 or wave A of C. If it is a Wave A of C then Wave (C) should move to about 1.3226. This will probably complete a long term WXY move and possibly wave E along with the GBP$.

There is another possibility here, that may extend to the 1.3600 to 1.3700 area. In any event, my initial time targets are 1-03 to 1-07-13.

Good Luck.

Just noticed that I did not put wave 5 targets. If it is a wave 5, I look for about .62% fib .618 of the entire move wave 1-3. In this case, price should come in about1.3093+/-.

Here is an update on the Eur$ chart. Target met. In my view can be counted as either aWXY in red or impulse. My preference is impulse because all rules are met. I expect a reversal around Dec 13th.

I just finished part of my analysis of what I believed to be a completed wave and from a time standpoint the indication is the entire move was corrective or a series of 3's. From a time standpoint, w took 7 days and is an a-b-c; the x following is simple and took less than 1 day to complete; Y and Z were 6 day moves and can be subdivided into 3's.

I use fib analysis and watch ratios 94.1 and 88.6%. Measuring from the top of the initial move, the price of the w-x-y move up came in just shy of 88.6 but, when measured from the secondary top, price turned right at the 94.1% ratio.

Possibilities: Bullish, Wave a of A of (C) of E. Bearish, wave b of B of (B); Wave 2 or x of 5 or w-x-y. What do you think? I'll post a chart later.

We have some interesting patterns forming today. In the Gbp$, the pattern on the one hour chart appears to be a H&S top. If it is a measured target would be in the 1.6050 area. With the likely completion of Wave A, a deeper decline can be expected into the 61.8 fib area.

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