Hi Everybody,
In this thread I'll do an extensive EW analysis on EUR/USD. I'll search for standing trade entries and high likelihood swing as we proceed.
The analysis on EW will proceed from GrandSupercycle to Minute waves.
We'll utilize the minor and minute waves in conjunction with fibonacci retracements, timezones, trendlines and continuation or reversal patterns to loe entry points and price action for entry timing.
For exit targets we will use intermediate/primary and cycle waves together with all the aforementioned and fibonacci extensions.
Grand Supercylce and Supercycle waves we will use to know what's going on longer term.
The true exit is going to be price action and Indior pushed.
I shall use following indiors:MACD Entry Period Filter / Divergence / / Wave 3 Analysis RSI Trend Power Analysis / Divergence / Overbought-Oversold Conditions EMA 5 / SMA 8 Trend Momentum Analysis EMA 21 / EMA 55 Trend Speed Analysis EMA 200 Trend Power Analysis It is possible to follow my trades on the Trade Explorer.
First I'll sum up the waves we'll be analysing from big to small waves.Grand Supercycle - Waves that last Decades / Analisys about the Monthly Chart Supercycle - Waves that last Years / Analysis on the Monthly and Weekly Chart Cycle - Waves that final heed / Analysis about the Weekly and Daily Chart Main - Waves that final Weeks / Analysis about the Weekly and Daily Chart Intermediate - Waves that last Days / Analysis on the Daily and H4 Chart Minor - Waves that last Hours / Analysis on the H4 and H1 Chart Minute - Waves that final Minutes / Analysis on the H1 and M15 Chart Every Chart is going to be named, so that you can stay informed about the degree.
Bullish waves are Darkgreen, Green, Forestgreen and freshwater
Bearish waves are Red, Darkorange, Orange, Yellow
The waves will be named with the following legend.
The next 3 basic rules will be applied.Wave 3 can never be the shortest impulse wave Wave 2 can never go beyond the start of Wave 1 Wave 4 can never cross at the same price area as Wave 1 And a guidline that wave 3 is normally the longest.
For my next post I'll do a comprehensive analysis on EUR/USD so we will know what is going on. The rest we will do as we proceed.
More info on Elliot Wave can be found here.
https://elliottwave-forecast.com/elliott-wave-theory/
Grtz