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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EUR/AUD H4 Update

Before and after charts.

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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.


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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.


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GBP/USD Weekly Update

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

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DowJones DJIA Futures Weekly

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

Enjoy!

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Elliot Waves: The Elliott Wave Theory

I have written an article about Elliots waves with the title Trading Forex Online? What AreElliott Waves? The article describes the elliots waves theory; the article is linked to a deeper description of the theory.

Sometimes is it better watching the theory to understand the theory. On YouTube if found a fellow explaining the theory.

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.


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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.

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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.

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EUR/USD Daily & Weekly Update

Some Gann Fan for Gann fans.


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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.

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