"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Tuesday, December 11, 2012

Elliott Wave Analysis of EUR/USD, DAX, and APPLE

As the SPX has not yet decided which side break (I trust upward), I look elsewhere.


EUR / USD

As mentioned in previous posts 15 days ago and a month ago, EUR / USD is in a bear market rally, particularly appears in wave c of minute degree.
the first wave [1] / [a] is ​​finished, we are now in the second wave [2] / [b] .
But pay attention, below 1,266 this count is invalidated.



 DAX

My preferred count shown in the post of 10 November (and updated to 23 November) proved to be correct (for now).
The up wave seems to be impulsive so may be a wave [a] of a zig-zag pattern y .



APPLE

The Leader does not seem to have finished his fall.
My preferred scenario is for a intermediate wave (c) of primary wave [4] in progress, so the long term uptrend is still intact and we could see new highs.
But it is early to open a long position.




Have a great trading day...with care!

ElwaveSurfer




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