EUR/USD H1 Update

So far wave 5 is in three waves. One more needed.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-h1-update_5932.html

EUR/JPY M30 Update

So far, so good: wave 5 target area hit.
Anyway, looks like it is missing one more wave up...


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurjpy-m30-update_18.html

NASDAQ Futures H4 Update

Motive wave (i) in form of 5-3-5-3-5 Leading Diagonal looks like it is over.
Wave (ii) has bottomed on previous demand area.
Now we are in early stages of  impulsive wave (iii).

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-update_5468.html

GBP/USD H1 & Daily Update

Alternative target for wave 5 of 1 has been hit: it is SUPPLY are on Daily chart.
Please notice there might be one moew wave to the upside as the recent move is in three waves so far I guess.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h1-update_3913.html

S&P500 H1 & H4 Update

Bearish count on S&P500 has been invalidated so the correction is not over just yet.
As far as I can count the most suitable labeling is presented below. In Elliott terminology it is called Mixed Uprising Three Complex Correction ( labeling is different on pic but the same idea).

The target for this last wave Z is  somewhere 1448 - 1450 area.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/s-h1-h4-update_18.html

Gold XAUUSD Daily Update

Just a re-labeling of my daily chart due to bullish count invalidation.

Please notice where is the ultimate wave 4 bottom area: 1539 - 1525.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gold-xauusd-daily-update_18.html

GBP/JPY H1 Update

The Gap make a lot of confusion in the correct labeling attempts but I will try this one: I use to trat a gap as wave 3.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-update_18.html

EUR/USD M30 Update

Is wave 4 in place?

Target is still 1.3280.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-m30-update_18.html

EUR/AUD H1 & H4 Update

I have been expecting more downside pressure on this par mostly due to the sharp and sudden wave 2 progression but this wave developmant leaves no doubt about what is going on after all bearish levels have been invalidated.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/euraud-h1-h4-update_18.html

USD/CHF H4 Update

So,
It starts to  look like wave 3 in progress (or wave C).

Time will tell, but so far we got a resonable target for wave 5.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdchf-h4-update_18.html

Gold XAUUSD H4 Update

Impulsive bullish count has been invalidated, so bearish alternative count is in play.
Target for wave C is 55 min.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gold-xauusd-h4-update_18.html

EUR/USD M30 & H1 Update

Last Fib Time Cluster worked well as a resistance in time but price did not make new high and it looks like this clusters were just a general resistance/support levels in time because EUR/USD is still in narrow correction cycle.

I've decided to move wave 3 at the top of the spike because wave b seems to be out of place: too short and much of an impulse looking wave really. Anyway it is hard to say due to the gap. Default treatment of the gap for me is as an impulsive wave and this is why alt:5 label is there on the top as well.

Nevertheless, I expect some kind of spike to the upside that I will treat as a wave 5 before some serious coorection will take place.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-m30-h1-update_18.html

NASDAQ Futures H4 Update

Let's continue with this Leading Diagonal Wave 1 count and see where it gets us.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-update_18.html

Crude Oil H4 Update

The dominant cycle on Crude seems to work very well here. As per indication the top should be in place for wave 3 and 61%Fibo Ret level should't be breached.

Overall count is bearish but lack of implulsive development put this labeling into question if SUPPLY level is broken to the upside.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/crude-oil-h4-update_18.html

EUR/USD H1 Update

Fibo Cluster added. Might be usefull to target the wave 5 top.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-h1-update_18.html

DAX Futures H1 Update

Ending Diagonal wave 5 target hit @ 7655.

Is this it?

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/dax-futures-h1-update.html

GBP/USD H1 Update

Two levels to finish this wave 1: 61% or 100% Fibo Projection.

Both levels on chart.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h1-update_18.html

USD/JPY H4 & Daily Update

This pair broke the upper SUPPLY level area but the latest wave might be just the begining of larger scale wave 5 extension (alt:1). It is hard to say right now because the openinig gap.

There is a technical level resistance area, WS1 and 61% Fibo Ret of last swing, all in one orange rectangle area of 82.82 - 83.03.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdjpy-h4-daily-update.html

EUR/AUD H1 + H4 Update

This is tricki one: so far wave (b) of wave too retraced more than expected but it is still manageable and it strats too look like some kind of Irregular Flat correction.

This is why there are two count for this pair: H1  count is abc with wave c as double three correction
and H4 count that is a extended wave c in five waves correction.

So far not very much tradeable enviroment for a decent R/R ratio.



Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/euraud-h1-h4-update.html

S&P500 H1 & H4 Update

Looks like very simple wave 2 correction is done inc. another trend line test.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/s-h1-h4-update_17.html