Remembering my last analysis on 23JUL16 (link bellow) on EU the price exceeded my target.
Because of that I have reanalyzed the Quarter Yearly and Monthly timeframes and have reached to a different although similar conclusion.
For now all I have to show is this setup.
I am convinced that EU wants to go from 1.13870 to 1.06830. Every of those targets could exceed a little but should make the impulse on them in order to work. For example can go above 1.14266 but close bellow 1.1387 so a new daily UTC candle can have a High on 1.1387 and impulse from there down. This is quite frequent. Only one case where this is not possible that I will explain on another study.
Back to this setup, those dotted lines are a possible path for this wave between targets. In this possibility we have a 4th wave begin @1.1348 and the end @ around 1.0952 then up again to target - 1.13870.
There are many ways to do this route between targets, this is just a probable one.
Those purple and green lines are the main levels for this wave and should be used as SRs.
Good luck.
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately that is sync with the nonsense 18H00 NY time (????).
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
Because of that I have reanalyzed the Quarter Yearly and Monthly timeframes and have reached to a different although similar conclusion.
For now all I have to show is this setup.
I am convinced that EU wants to go from 1.13870 to 1.06830. Every of those targets could exceed a little but should make the impulse on them in order to work. For example can go above 1.14266 but close bellow 1.1387 so a new daily UTC candle can have a High on 1.1387 and impulse from there down. This is quite frequent. Only one case where this is not possible that I will explain on another study.
Back to this setup, those dotted lines are a possible path for this wave between targets. In this possibility we have a 4th wave begin @1.1348 and the end @ around 1.0952 then up again to target - 1.13870.
There are many ways to do this route between targets, this is just a probable one.
Those purple and green lines are the main levels for this wave and should be used as SRs.
Good luck.
General Notes
These points could overpass a little as long as the impulse will be there, usually on a 4H or Daily UTC server, not here at Tradingview unfortunately that is sync with the nonsense 18H00 NY time (????).
As always I am only predicting where things happens, not when, because that really depends on others factors as the agreement of all major sessions - London, NY and Singapore - and also on Events, the fast motion tool.
Also those points are not random or just imagination, they are in fact result of my calculations based on wave counting, measurement and convergence.
Of course this is a personal and original idea and not bulletproof, so don't blame me if it doesn't work. :-)
