Forex elliott wave pdf
As expected the euro moved toward the downside, passed the confirmation point, and is now well on its way toward our targets.
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Testimonials Great site Kenny. Technical Analysis written in a straightforward way so that everyone understands. There's only a small few who get it consistantly correct and you are certainly in that group. Thanks for putting this all together and sharing!
Kenny has shown time and time again the ability to show us direction in these markets. Kenny, I appreciate your insight and analysis. You make sense of what I can rarely see. Even though the decline is more in line with the main hourly count, the decline is — so far — in a three-wave pattern. We want to see an impulsive decline to gain further confidence in the bearish case.
On the other hand, the alternate count expects that wave B blue has higher higher in store before giving way to a decline in wave C blue. As expected the euro moved toward the downside and reached our targets, but the decline is now too long for the main count to remain preferable. The next most fitting count is that the entire movement since the low of August 14 is part of a flat correction.
On the other hand, the alternate count expects that wave B blue has higher higher in store before giving way to wave C blue. As expected the euro moved toward the downside, reached our first target at 1. We continue to look for evidence to suggest that the larger degree downtrend has resumed. I am adding short-term targets for the main hourly count. A drop below the cited confirmation point will increase my confidence in the bearish case. The euro traded largely sideways during the day.
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