Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
.
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Figure 1. Wave counting on the daily chart. Variant 3-a.
Corrective wave 4 which can assume the shape of a triple three or an expanding triangle continues forming. On Friday the price managed to transform the last upward zigzag into an impulse that led to updating of the current counting. But this doesn’t change the mid-term expectations — refer to section 3.8 of my book.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 2 for the wave counting draft of this currency on the daily chart.
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Figure 2. Wave counting on the daily chart. Variant 3.
The given variant of counting is more synchronous with the other currency pairs under consideration not changing the midterm expectations. Supposedly the price is forming the ending wave of the large triangle 4.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3-dt.
Without cancelling the variant of counting released earlier (refer to Daily-110708), I’d like to consider a more proportional but quite acceptable scenario with wave 4 in the form of a zigzag. If this is the case forming of the ending wave 5 of (C) of in the form of an upward zigzag or a diagonal triangle should be expected.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
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Figure 4. Wave counting on the daily chart. Variant 3-a.
Supposedly wave of correction 4 has assumed the shape of a downward zigzag. If this is the case forming of the ending wave of 4 in the form of an upward zigzag structure shoud be expected.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 14, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 which can assume the shape of a triple three or an expanding triangle continues forming. But this doesn’t change the main point of midterm expectations — refer to section 3.8 of my book.
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Figure 2. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that wave (c) is completing in the form of an impulse. We have to expect the confirmation of this.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3.
The given variant of counting is more synchronous with the other currencies under consideration not changing the core of the midterm expectations. Supposedly the price is forming the ending wave the large triangle 4.
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Figure 4. Wave counting on 120 min chart. Variant 3.
Supposedly wave of 4 is assuming the shape of a flat. If this is the case the ending wave (c) of of 4 may assume the shape of an impulse or a diagonal triangle.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 5 for the wave counting draft of this currency on 480 min chart.
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Figure 5. Wave counting on 480 min chart. Variant 3-dt.
Possibly corrective wave (or ) is assuming the shape of an ordinary zigzag (A)-(B)-(C). If this is the case forming of the ending wave 5 of (C) of in the shape of an upward impulse or a diagonal triangle should be expected.
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Figure 6. Wave counting on 120 min chart. Variant 3-dt.
Supposedly wave 4 is completing. We have to expect the confirmation of this.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart. Variant 3-a.
Probably wave of correction 4 has assumed the shape of a downward zigzag. If this is the case forming of the ending wave of 4 in the form of an upward zigzag structure should be expected.
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Figure 8. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that wave v of is completing in the form of an impulse. We have to expect the confirmation of this.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 15, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
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Figure 1. Wave counting on the daily chart. Variant 3-a.
Corrective wave 4 continues forming. Yesterday the price marked the all-time high thus having turned the horizontal correction into the supposed expanding triangle 4.
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Figure 2. Wave counting on 480 min chart. Variant 3-a.
Wave (c) of may be completing in the form of an impulse. We have to expect the confirmation of this.
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Figure 3. Wave counting on 60 min chart. Variant 3-a.
According to a possible variant of counting a new downtrend may have begun (wave (a) of of 4). But this supposition requires its confirmation.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
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Figure 4. Wave counting on the daily chart. Variant 3.
The given variant of counting is more synchronous with the other currency pairs under consideration not changing the midterm expectations. The horizontal triangle 4 continues forming.
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Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the price has started to form the ending wave of triangle 4.
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Figure 6. Wave counting on 60 min chart. Variant 3.
According to a possible variant of counting a new downtrend may have begun (wave (a) of of 4). But this supposition requires its confirmation.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
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Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Corrective wave ? May be assuming the shape of a triple zigzag (W)-(X)-(Y)-(XX)-(Z). If this is the case forming of the ending wave (Z) of in the form of an upward zigzag structure should be expected.
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Figure 8. Wave counting on 120 min chart. Variant 3-dt.
According to a possible variant of counting a new uptrend may have begun (wave A of (Z) of ). But this supposition requires its confirmation.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
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Figure 9. Wave counting on the daily chart. Variant 3-a.
Wave of correction 4 might have assumed the shape of a downward zigzag. If this is the case forming of the ending wave of 4 in the form of an upward zigzag structure should be expected.
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Figure 10. Wave counting on 480 min chart. Variant 3-a.
The supposed zigzag of 4 is fully completed with waves while the legs (a) and (c) are approximately equal. It is natural to expect forming of upward wave of 4.
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Figure 11. Wave counting on 60 min chart. Variant 3-a.
According to a possible variant of counting a new uptrend may have begun (wave (a) of of 4). But this supposition requires its confirmation.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 16, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues forming. Wave (c) of may be completing in the form of an impulse. We have to expect the confirmation of this.
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Figure 2. Wave counting on 60 min chart. Variant 3-a.
According to a possible variant of counting the ending upward price thrust may occur (wave of v of (c) of ) before a new downtrend begins (wave (a) of of 4). But this supposition requires confirmation.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3.
The given variant of counting is more synchronous with the other currencies under consideration not changing the core of the midterm expectations. Large horizontal triangle 4 keeps forming.
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Figure 4. Wave counting on 60 min chart. Variant 3.
According to a possible variant of counting the ending upward price thrust may occur (wave v of (c) of ) before a new downtrend begins (wave (a) of of 4). But this supposition requires confirmation.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
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Figure 5. Wave counting on 720 min chart. Variant 3-dt.
Corrective wave ? May be assuming the shape of a triple zigzag (W)-(X)-(Y)-(XX)-(Z). If this is the case forming of the ending wave (Z) of in the form of an upward zigzag structure should be expected.
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Figure 6. Wave counting on 120 min chart. Variant 3-dt.
According to a possible variant of counting the ending downward price thrust may occur (wave (v) of of Y of (XX)) before a new uptrend begins (wave (z) of ). But this supposition requires confirmation.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart. Variant 3-a.
Wave of correction 4 might have assumed the shape of a downward zigzag. If this is the case forming of the ending wave of 4 in the form of an upward zigzag structure should be expected. The supposed zigzag of 4 is almost completed with waves while legs (a) and (c) are approximately equal. It is natural to expect forming of upward wave of 4.
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Figure 8. Wave counting on 60 min chart. Variant 3-a.
According to a possible variant of counting the ending downward price thrust may occur (wave of v of (c) of ) before a new uptrend begins (wave (a) of of 4). But this supposition requires confirmation.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 17, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues forming in the form of an expanding triangle, the ending wave of 4 of which may assume the shape of a zigzag.
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Figure 2. Wave counting on 120 min chart. Variant 3-a.
Supposedly the price is forming wave (a) of , the first wave i of (a) of of which ahs assumed the shape of an impulse.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3.
Large horizontal triangle 4 keeps forming, the ending wave of 4 of which may assume the shape of a zigzag.
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Figure 4. Wave counting on 120 min chart. Variant 3.
Supposedly the price is forming wave (a) of , the first wave i of (a) of of which has assumed the shape of a wedge.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
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Figure 5. Wave counting on 720 min chart. Variant 3-dt.
The upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of keeps forming, the ending wave (Z) of of which can assume the shape of a zigzag.
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Figure 6. Wave counting on 120 min chart. Variant 3-dt.
Supposedly the price is forming wave A of (Z), the first wave of A of (Z) of which has assumed the shape of an impulse.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
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Figure 7. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 keeps forming in the form of a double zigzag the ending wave of 4 of which may assume the shape of a zigzag.
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Figure 8. Wave counting on 120 min chart. Variant 3-a.
Supposedly the price is forming wave (a) of , the first wave i of (a) of of which has assumed the shape of an impulse.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 18, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
1). The article A rare form of zigzag (EURJPY) was released on Saturday.
2). In the framework of the accepted scenario for the cross rate GBP/JPY the supposed wave 4 of (A) continues forming (refer to the article Variety of variants for GBP/JPY ). Here the current wave counting is specified.
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Figure 1i. Wave counting on the weekly GBP/JPY chart.
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Figure 2i. Wave counting on the daily GBP/JPY chart.
At the moment wave 4 of (A) has fulfilled the minimal requirements to the fourth waves of an impulse:
[*]the price has almost completed forming of the supposed zigzag -- of 4,[*]it crossed the upper border of the trend channel,[*]it has approached the 50% mark (limit value for the fourth waves of an impulse),[*]MACD 5-34-5 has practically crossed the zero line.In this case the downward reversal of the local trend and the continuation of the price decline in the impulsive mode are quite possible.
3). Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 in the form of an expanding triangle keeps forming. The ending wave of 4 of the triangle may assume the shape of a zigzag.
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Figure 2. Wave counting on 120 min chart. Variant 3-a.
Supposedly the price is forming wave (a) of , the first wave i of (a) of of which has assumed the shape of an impulse.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3.
The large horizontal triangle 4 continues developing. The ending wave of 4 of the triangle may assume the shape of a zigzag.
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Figure 4. Wave counting on 120 min chart. Variant 3.
Supposedly the price is forming wave (a) of , the first wave i of (a) of has assumed the shape of a wedge.
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Figure 5. Wave counting on 60 min chart. Variant 3.
Wave of the supposed wedge i has considerable intersections between the bars of the main waves. But the internal structure of the wave corresponds to an impulse (5-3-5-3-5), not to a diagonal triangle (3-3-3-3-3). Besides if we imagine the chart in the form of a line drawn between closing prices (on-close), there will be no intersection between waves (1) of and (4) of even on 60-min time-frame. Consequently wave of i can be classified as an ordinary impulse (refer to section 5.1.1. of my book).
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 6 for the wave counting draft of this currency on 720 min chart.
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Figure 6. Wave counting on 720 min chart. Variant 3-dt.
The upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of continues forming. Its ending wave (Z) of may assume the shape of a zigzag.
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Figure 7. Wave counting on 120 min chart. Variant 3-dt.
Supposedly the price is forming wave A of (Z), the first wave of A of (Z) of which has assumed the shape of an impulse.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 8 for the wave counting draft of this currency on 480 min chart.
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Figure 8. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues forming in the shape of a double zigzag, the ending wave of 4 may assume the shape of a zigzag.
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Figure 9. Wave counting on 120 min chart. Variant 3-a.
Supposedly the price is forming wave (a) of , the first wave i of (a) of of which ahs assumed the shape of an impulse.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 21, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
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Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 in the form of an expanding triangle keeps forming. The ending wave of 4 of the triangle may assume the shape of a zigzag.
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Figure 2. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that wave (a) of , and not its first wave i of (a) of is formed in the shape of an impulse. Anyway the wave counting is favorable for opening short mid-term positions. It is necessary to remind here that to place orders in advance is a more risky strategy that to place orders expectiong a level breakout, though potentially it is more profitable (refer to section 3 of my brochure A Brief Course in Elliott Wave Theory).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
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Figure 3. Wave counting on 480 min chart. Variant 3.
The large horizontal triangle 4 continues developing. The ending wave of 4 of the triangle may assume the shape of a zigzag.
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Figure 4. Wave counting on 120 min chart. Variant 3.
It isn’t ruled out that wave (a) of is formed in the shape of a wedge, not its first wave i of (a) of . Anyway the wave counting is favorable for opening short mid-term positions. It is necessary to remind here that to place orders in advance is a more risky strategy that to place orders expectiong a level breakout, though potentially it is more profitable (refer to section 3 of my brochure A Brief Course in Elliott Wave Theory).
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
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Figure 5. Wave counting on 720 min chart. Variant 3-dt.
The upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of continues forming. Its ending wave (Z) of may assume the shape of a zigzag.
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Figure 6. Wave counting on 120 min chart. Variant 3-dt.
It isn’t ruled out that wave A of (Z) is formed in the shape of an impulse and not its first wave of A of (Z). Anyway the wave counting is favorable for opening long mid-term positions. It is necessary to remind here that to place orders in advance is a more risky strategy that to place orders expectiong a level breakout, though potentially it is more profitable (refer to section 3 of my brochure A Brief Course in Elliott Wave Theory).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31089_10330.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues forming in the shape of a double zigzag, the ending wave of 4 may assume the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31089_10331.gif
Figure 8. Wave counting on 120 min chart. Variant 3-a.
It isn’t ruled out that wave (a) of is formed in the shape of an impulse and not its first wave i of (a) of . Anyway the wave counting is favorable for opening long mid-term positions. It is necessary to remind here that to place orders in advance is a more risky strategy that to place orders expectiong a level breakout, though potentially it is more profitable (refer to section 3 of my brochure A Brief Course in Elliott Wave Theory).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
1) The traders who used my yesterday’s recommendations (refer to Daily-220708), could lock in an accumalated profit of more than 550 pips.
2) Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31108_10353.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues forming in the shape of an expanding triangle the ending wave of 4 of which may assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31108_10354.gif
Figure 2. Wave counting on 120 min chart. Variant 3-a.
The local downtrend continues developing. The current wave picture allows several possible variants of counting of this knot that’s why it is reasonable to watch the forming wave structure without changing the accepted scenario so far.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31108_10355.gif
Figure 3. Wave counting on 480 min chart. Variant 3.
The large horizontal triangle 4 continues developing. Its ending wave of 4 may assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31108_10356.gif
Figure 4. Wave counting on 120 min chart. Variant 3.
The local downtrend continues developing. The current wave picture allows several possible variants of counting of this knot that’s why it is reasonable to watch the forming wave structure without changing the accepted scenario so far.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31108_10357.gif
Figure 5. Wave counting on 720 min chart. Variant 3-dt.
The upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of continues developing. Its ending wave (Z) of may assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31108_10358.gif
Figure 6. Wave counting on 120 min chart. Variant 3-dt.
The local uptrend continues developing. The current wave picture allows several possible variants of counting of this knot that’s why it is reasonable to watch the forming wave structure without changing the accepted scenario so far.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31108_10359.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues developing in the shape of a double zigzag the ending wave of 4 of which may assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31108_10360.gif
Figure 8. Wave counting on 120 min chart. Variant 3-a.
The local uptrend continues developing. The current wave picture allows several possible variants of counting of this knot that’s why it is reasonable to watch the forming wave structure without changing the accepted scenario so far.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 23, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
Supposedly the ending waves of the correction are forming before a new stage of the US dollar weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31113_10363.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues forming in the form of an expanding triangle, the ending wave of 4 of which may assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31113_10364.gif
Figure 2. Wave counting on 120 min chart. Variant 3-a.
The local downtrend continues developing. The current wave picture allows several variants of counting of this knot, one of which is given in the Figure below.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31113_10365.gif
Figure 3. Wave counting on 480 min chart. Variant 3.
Large horizontal triangle 4 keeps forming. Its ending wave of 4 may assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31113_10366.gif
Figure 4. Wave counting on 120 min chart. Variant 3.
The local downtrend continues developing. The current wave picture allows several variants of counting of this knot, one of which is given in the Figure below.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31113_10367.gif
Figure 5. Wave counting on 720 min chart. Variant 3-dt.
The upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of continues developing. Its ending wave (Z) of of can assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31113_10368.gif
Figure 6. Wave counting on 120 min chart. Variant 3-dt.
The local uptrend continues developing. The current wave picture allows several variants of counting of this knot, one of which is given in the Figure below.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 7 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31113_10369.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues developing in the form of a double zigzag, the ending wave of 4 of which may assume the shape of a zigzag structure.
http://www.alpari-forex.com/files/pic/docs/11/31113_10370.gif
Figure 8. Wave counting on 120 min chart. Variant 3-a.
The local uptrend continues developing. The current wave picture allows several variants of counting of this knot, one of which is given in the Figure below.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 24, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
1)In connection with my vacation wave forecasts won’t be released until August 11.
2) Traders who opened mid-term positions in the favor of the US dollar according to all my recommendations (refer to Daily-160708 and Daily-220708), can close them with the maximum accumulated profit of not less than 2000 pips. At the same time it should be noted that mid-term strengthening of the dollar supposedly hasn’t completed yet.
3) The monthly forecast for August will be released on Saturday, July 26, 2008.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0708. Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31116_10373.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues forming in the form of an expanding triangle, the ending wave of 4 of which may assume the shape of a zigzag structure. The current wave picture allows several variants of counting of this knot, some of which are given in the Figure below.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0708. Refer to Figure 2 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31116_10374.gif
Figure 2. Wave counting on 480 min chart. Variant 3.
Large horizontal triangle 4 the ending wave of 4 may assume the shape of a zigzag structure continues developing. The current wave picture allows several variants of counting of this knot, some of which are given in the Figure below.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0708. Refer to Figure 3 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31116_10375.gif
Figure 3. Wave counting on 720 min chart. Variant 3-dt.
The upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of the ending wave (Z) of of which may assume the shape of a zigzag structure continues forming. The current wave picture allows several variants of counting of this knot, some of which are given in the Figure below.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0708. Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31116_10376.gif
Figure 4. Wave counting on 480 min chart. Variant 3-a.
Corrective wave 4 continues developing in the shape of a double zigzag the ending wave of 4 of which may assume the shape of a zigzag structure. The current wave picture allows several variants of counting of this knot, some of which are given in the Figure below.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, July 2008[*]EUR/USD, Monthly Wave Analysis, July 2008[*]GBP/USD, Monthly Wave Analysis, July 2008[*]USD/JPY, Monthly Wave Analysis, July 2008[*]USD/CHF, Monthly Wave Analysis, July 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comJuly 25, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The supposition about the continuation of the US dollar’s strengthening released in July (refer to 2000 pips in 10 days (Daily Wave Analysis July 25) and Monthly-0808), was completely confirmed. At the same time at the moment the wave counting doesn’t rule out the reversal of the local trend against the US dollar and the beginning of a new stage of the dollar’s weakening.
Traders who opened mid-term positions in the favor of the US dollar according to my recommendations (refer to Daily-160708 and Daily-220708), it is time to think of their closing with considerable profit.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808. Refer to Figure 1 for the wave counting draft of this currency on the daily chart..
http://www.alpari-forex.com/files/pic/docs/11/31284_10663.gif
Figure 1.Wave counting on the daily chart. Variant 3-a.
Corrective wave 4 completes developing in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31284_10664.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the second leg of zigzag (c) of of 4 is completing. It isn’t ruled out that it has assumed the shape of an impulse with an extension in the fifth wave v of (c) of of 4. But this supposition requires confirmation.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808. Refer to Figure 3 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31284_10665.gif
Figure 3.Wave counting on the daily chart. Variant 3.
The price broke the geometry of the supposed horizontal triangle having turned the whole corrective structure into a possible triple three. But this doesn’t change the core of the survey wave counting (refer to tables 3-1 and 3-2 of my book).
Large triple three 4completes developing. Its ending wave of 4 has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31284_10666.gif
Figure 4. Wave counting on 480 min chart. Variant 3.
Supposedly the second leg of zigzag (c) of of 4 is completing. But this supposition requires confirmation.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808. Refer to Figure 5 for the wave counting draft of this currency on 720 min chart..
http://www.alpari-forex.com/files/pic/docs/11/31284_10667.gif
Figure 5. Wave counting on 720 min chart. Variant 3-dt.
Upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of completes developing. Its ending wave (Z) of has assumed the shape of a zigzag.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808. Refer to Figure 6 for the wave counting draft of this currency on the daily chart..
http://www.alpari-forex.com/files/pic/docs/11/31284_10668.gif
Figure 6. Wave counting on the daily chart. Variant 3-a.
Corrective wave 4 completes developing in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31284_10669.gif
Figure 7. Wave counting on 480 min chart. Variant 3-a.
Supposedly the second leg of zigzag (c) of of 4 completes developing. It isn’t ruled out that it has assumed the shape of an impulse with an extension in the fifth wave v of (c) of of 4. But this supposition requires confirmation.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 11, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
At the moment the wave counting doesn’t rule out that a reversal of the local trend against the US dollar will develop in the near future and a new stage of the dollar’s weakening will begin. Depending on the scenario the price will choose the process of the trend reversal may take from 1 up to 10 days.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31292_10681.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31292_10682.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below you can see clearly how the guideline of alternation for zigzag is followed (refer to page 140 of my book).
http://www.alpari-forex.com/files/pic/docs/11/31292_10683.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
Depending on the scenario the price will choose the process of the trend reversal may take from 1 up to 10 days.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808. Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31292_10684.gif
Figure 4. Wave counting on the daily chart. Variant 3.
The price broke the geometry of the supposed horizontal triangle having turned the whole corrective structure onto a possible triple three. But this doesn’t change the core of the survey wave counting (refer to tables 3-1 and 3-2 of my book).
Supposedly the large triple three 4 completes developing. Its ending wave of 4 of which ahs assumed the shape of zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31292_10685.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing.
http://www.alpari-forex.com/files/pic/docs/11/31292_10686.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
Depending on the scenario the price will choose the process of the trend reversal may take from 1 up to 10 days.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808. Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31292_10687.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of completes developing. Its ending wave (Z) of has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31292_10688.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
Depending on the scenario the price will choose the process of the trend reversal may take from 1 up to 10 days.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808. Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31292_10689.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31292_10690.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below you can see clearly how the guideline of alternation for zigzags is observed (refer to page 140 of my book).
http://www.alpari-forex.com/files/pic/docs/11/31292_10691.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
Depending on the scenario the price will choose the process of the trend reversal may take from 1 up to 10 days.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 12, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
At the moment the wave counting doesn’t rule out that a reversal of the local trend against the US dollar will develop in the near future and a new stage of the dollar’s weakening will begin. Depending on the scenario the price will choose the process of the trend reversal may take up to 10 days.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808. Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31307_10709.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of an expanding triangle the ending wave of 4of which has assumed the shape of a zigzag. After the completion of correction 4 it is natural to expect the continuation of global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31307_10710.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below you can clearly see how the guideline of alternation for zigzags is observed (refer to page 140 of my book).
http://www.alpari-forex.com/files/pic/docs/11/31307_10711.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
Depending on the scenario the price will choose the process of the trend reversal may take up to 10 days.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808. Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31307_10712.gif
Figure 4. Wave counting on the daily chart. Variant 3.
The price broke the geometry of the supposed horizontal triangle having turned the whole corrective structure into a possible triple three. But this doesn’t change the core of the survey wave counting (refer to tables 3-1 and 3-2 of my book).
Supposedly large triple three 4 completes developing. Its ending wave of 4 has assumed the shape of a zigzag. After the completion of correction 4 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31307_10713.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing.
http://www.alpari-forex.com/files/pic/docs/11/31307_10714.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
Depending on the scenario the price will choose the process of the trend reversal may take p to 10 days.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808. Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31307_10715.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag, is completed. If the wave counting doesn’t change it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31307_10716.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
It isn’t ruled out that the first waves of a new downtrend are developing. But this supposition requires confirmation.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808. Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31307_10717.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of a double zigzag. Its ending wave of 4 has assumed the shape of a zigzag. After the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31307_10718.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below you can clearly see how the guideline of alternation for zigzags is observed (refer to page 140 of my book).
http://www.alpari-forex.com/files/pic/docs/11/31307_10719.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
Depending on the scenario the price will choose the process of the trend reversal may take up to 10 days.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The review of the bigger Time-Frames (II quarter of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 13, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
In the article released today The Review of the Bigger Time-Frames(2-nd half of 2008) the survey wave counting and synchronized price movement of the currency pairs under consideration.
At the moment the wave counting doesn’t rule out that a reversal of the local trend against the US dollar will develop within 10 days and a new stage of the dollar’s weakening will begin.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31333_10751.gif
Figure 1. Wave counting on 480 min chart. Variant 3-a.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 2 for the wave counting draft of this currency on 480 min chart..
http://www.alpari-forex.com/files/pic/docs/11/31333_10752.gif
Figure 2. Wave counting on 480 min chart. Variant 3.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 3 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31333_10753.gif
Figure 3. Wave counting on 720 min chart. Variant 3-dt.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on 480 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31333_10754.gif
Figure 4. Wave counting on 480 min chart. Variant 3-a.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 14, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
At the moment the wave counting doesn’t rule out the development of the local trend reversal against the US dollar in the near future and the beginning of a new stage of the dollar’ weakening.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10781.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag. After the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31354_10782.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31354_10783.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with main waves it supposes its completion in the near future.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10784.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completing. In the Figure below it is clearly seen how the guideline for alternation for zigzag (refer to page 140 of my book) is observed. After the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31354_10785.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are developing.
http://www.alpari-forex.com/files/pic/docs/11/31354_10786.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion in the near future.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10787.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of completes developing. Its ending wave (Z) of has assumed the shape of a zigzag.
http://www.alpari-forex.com/files/pic/docs/11/31354_10788.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion in the near future.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31354_10789.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly corrective wave 4 completes developing in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag. After the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31354_10790.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developing. In the Figure below it is seen clearly how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31354_10791.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion in the near future.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of variants for GBP/JPY [*]A rare form of zigzag (EURJPY)[*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 15, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
1) On small time-frames one can clearly see the terminus of the wave that can be the ending point of the whole correction and the beginning of a new stage of the US dollar’s weakening (refer to Figures 3, 6, 8, 11). But this supposition requires its confirmation. That’s why projections of the expected price movement on the charts 1, 2, 4, 5, 7, 9, 10 are of suppositional nature.
2) Yesterday the article Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) was released, where a possible scenario of the Canadian dollar’s price movement synchronous with the other dollar pairs is considered.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10831.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10832.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31375_10833.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion in the near future if wave v of (c) of doesn’t decide to develop an extension.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10834.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10835.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are formed.
http://www.alpari-forex.com/files/pic/docs/11/31375_10836.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion in the near future if wave v of (v) of doesn’t decide to develop an extension.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10837.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10838.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion in the near future if wave of C of (Z) doesn’t decide to develop an extension.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31375_10839.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31375_10840.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below one can see clearly how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31375_10841.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its ending in the near future if wave v of (c) of doesn’t decide to develop an extension.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar's Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 18, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
1On small time-frames one can clearly see the terminus of the wave that can be the ending point of the whole correction and the beginning of a new stage of the US dollar’s weakening. But this supposition requires its confirmation. That’s why projections of the expected price movement on the charts are of suppositional nature.
2) In the article Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) a possible scenario of the Canadian dollar’s price movement synchronous with the other dollar pairs was considered.
http://www.alpari-forex.com/files/pic/docs/11/31386_10855.gif
Figure i1. Wave counting on 60 min chart of USD/CAD.
The supposed downward wedge ? may be the beginning of a new stage of the decline of USD/CAD. If this is the case it opens good possibilities for long-term short positions.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10856.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10857.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31386_10858.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion in the near future if wave v of (c) of doesn’t decide to develop an extension. At the same time the alternate variant of counting allows a short ending downward thrust of the price.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10859.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10860.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are formed.
http://www.alpari-forex.com/files/pic/docs/11/31386_10861.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion in the near future if wave v of (v) of doesn’t decide to develop an extension.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10862.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10863.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion in the near future if wave of C of (Z) doesn’t decide to develop an extension.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31386_10864.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31386_10865.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. In the Figure below one can see clearly how the guideline of alternation for zigzags (refer to page 140 of my book) is observed.
http://www.alpari-forex.com/files/pic/docs/11/31386_10866.gif
As upward impulse (c) of is completed with the main waves it supposes its ending in the near future if wave v of (c) of doesn’t decide to develop an extension. At the same time the alternate variant of counting allows a short ending upward thrust of the price.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 19, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory
The price only swayed in the direction of the US dollar’s weakening. The developed terminus of the wave may the ending point of the whole correction and the beginning of a new stage of the dollar’s weakening. But this supposition requires confirmation. That’s why projections of the expected price movement on the charts are of suppositional nature.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10885.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10886.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new uptrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31402_10887.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion. If this is the case it opens good possibilities for mid-term long positions.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10888.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. In the Figure below it is clearly seen how the guideline of alternation for zigzags (refer to page 140 of my book) is observed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10889.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are developed. The first waves of a new uptrend must be forming.
http://www.alpari-forex.com/files/pic/docs/11/31402_10890.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves it supposes its completion. If this is the case it opens good possibilities for mid-term long positions.
But the alternate variant of counting that allows the ending price thrust down isn’t cancelled.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10891.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which ahs assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10892.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion. If the supposition is true it opens good possibilities for mid-term short positions.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31402_10893.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31402_10894.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new downtrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31402_10895.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion in the near future. If this is the case it opens good possibilities for mid-term positions.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 20, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The US dollar is reluctant to loose gained positions. The trend reversal against the dollar according to “all suddenly” principle in the currency pairs under consideration fails to happen so far, and the process itself may last until the next week. And each pair forms its own type of the reversal top. That’s why at the moment projections of the expected price movement on the charts are of suppositional nature.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10917.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 of which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10918.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new uptrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31421_10919.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion. But the alternate scenario doesn’t rule out developing of the ending downward price thrust.
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10920.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle, is completed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10921.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are developed. The first waves of a new uptrend must be forming.
http://www.alpari-forex.com/files/pic/docs/11/31421_10922.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves its completion isn’t ruled out. But the alternate variant of counting that allows the ending downward price thrust isn’t cancelled.
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10923.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which ahs assumed the shape of a zigzag is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10924.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion. If this is the case it opens good possibilities for mid-term short positions.
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31421_10925.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag the ending wave of 4 has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31421_10926.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are developed. The first waves of a new downtrend must be developing.
http://www.alpari-forex.com/files/pic/docs/11/31421_10927.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion in the near future. But the alternate scenario doesn’t rule out developing of the ending upward price thrust.
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 21, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.
The US dollar continued falling but the confirmatory levels haven’t been passed yet. That’s why at the moment projections of the expected price movement are of suppositional nature.
1. EUR/USDFor survey wave counting of EUR refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 1 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10941.gif
Figure 1. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of an expanding triangle the ending wave of 4 if which has assumed the shape of a zigzag is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10942.gif
Figure 2. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are formed. The first waves of a new uptrend might be developing.
http://www.alpari-forex.com/files/pic/docs/11/31431_10943.gif
Figure 3. Wave counting on 120 min chart. Variant 3-a.
As downward impulse (c) of is completed with the main waves it supposes its completion. There remains for us to wait for a confirmation of the beginning of a new stage of the US dollar’s weakening (the rise of EUR/USD).
2. GBP/USDFor survey wave counting of GBP refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 4 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10944.gif
Figure 4. Wave counting on the daily chart. Variant 3.
Supposedly the development of large zigzag 2, wave of 2 of which has assumed the shape of a truncated triangle is completed. After the confirmation of the completion of correction 2 it is natural to expect the continuation of the uptrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10945.gif
Figure 5. Wave counting on 480 min chart. Variant 3.
Supposedly the ending waves of the second leg of zigzag 2 are formed. The firat waves of a new uptrend might be forming.
http://www.alpari-forex.com/files/pic/docs/11/31431_10946.gif
Figure 6. Wave counting on 120 min chart. Variant 3.
As downward impulse is completed with the main waves its completion isn’t ruled out. There remains for us to wait for the beginning of a new stage of the US dollar’s weakening (the rise of GBP/USD).
3. USD/JPYFor survey wave counting of JPY refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 7 for the wave counting draft of this currency on 720 min chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10947.gif
Figure 7. Wave counting on 720 min chart. Variant 3-dt.
Supposedly the development of upward triple zigzag (W)-(X)-(Y)-(XX)-(Z) of , the ending wave (Z) of of which ahs assumed the shape of a zigzag, is completed. After the confirmation of the completion of correction it is natural to expect the continuation of the downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10948.gif
Figure 8. Wave counting on 120 min chart. Variant 3-dt.
As upward impulse C of (Z) is completed with the main waves it supposes its completion. There remains for us to wait for the confirmation of the beginning of a new stage of the US dollar’s weakening (the decline of USD/JPY).
4. USD/CHFFor survey wave counting of CHF refer to Annual-08 and Monthly-0808 and The Review of the Bigger Time-Frames(2-nd half of 2008). Refer to Figure 9 for the wave counting draft of this currency on the daily chart.
http://www.alpari-forex.com/files/pic/docs/11/31431_10949.gif
Figure 9. Wave counting on the daily chart. Variant 3-a.
Supposedly the development of corrective wave 4 in the form of a double zigzag, the ending wave of 4 of which ahs assumed the shape of a zigzag, is completed. After the confirmation of the completion of correction 4 it is natural to expect the continuation of the global downtrend.
http://www.alpari-forex.com/files/pic/docs/11/31431_10950.gif
Figure 10. Wave counting on 480 min chart. Variant 3-a.
Supposedly the ending waves of the second leg (c) of zigzag of 4 are formed. The first waves of a new downtrend might be developing.
http://www.alpari-forex.com/files/pic/docs/11/31431_10951.gif
Figure 11. Wave counting on 120 min chart. Variant 3-a.
As upward impulse (c) of is completed with the main waves it supposes its completion. there remains for us to wait for the confirmation of the beginning of a new stage of the US dollar’s weakening (the decline of USD/CHF).
Note
Given possible trading plans are purely informational purpose only and they should not be considered as trading guides or an invitation to make a transaction.
Reference
[*]The review of the bigger Time-Frames (Annual Wave Analysis, 2008) [*]EUR/USD (Annual Wave Analysis, 2008)[*]GBP/USD (Annual Wave Analysis, 2008)[*]USD/JPY (Annual Wave Analysis, 2008)[*]USD/CHF (Annual Wave Analysis, 2008)[*]Monthly Wave Analysis, August 2008[*]EUR/USD, Monthly Wave Analysis, August 2008[*]GBP/USD, Monthly Wave Analysis, August 2008[*]USD/JPY, Monthly Wave Analysis, August 2008[*]USD/CHF, Monthly Wave Analysis, August 2008[*]The Review of the Bigger Time-Frames(2-nd half of 2008)[*]Variety of Variants for GBP/JPY [*]A Rare Form of Zigzag (EURJPY)Probable Beginning of the Canadian Dollar’s Strengthening (USD/CAD) [*]Wave Analysis[*]Methods of Price Movement Projection (EWA)[*]How to Apply EWA ForecastsDmitry Voznuy
forDmitry@yahoo.comAugust 22, 2008When using any part of the article for publication or analytical materials reference to the author and Alpari is obligatory.