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Daily Wave Analysis for 24 November 2014

November 24, 2014 07:15

4 hour EURUSD:

Wave 4 (blue) finally concluded after a long drawn out consolidation and a break, pullback, and continuation could now occur.

60 min EURUSD:

Price fell through support and could continue to lower Fibonacci…

Daily Wave Analysis for 21 November 2014

November 21, 2014 06:32

4 hour EURUSD:

Price is not moving away from the resistance. If price breaks through it, then the invalidation level of the current wave 4 (blue) count is at the bottom of wave 1 (blue).

60 min EURUSD:

Although price…

Daily Wave Analysis for 20 November 2014

November 20, 2014 06:30

4 hour EURUSD:

Yesterday price retraced back to the 50 Fibonacci retracement, which is usually the maximum pullback for a wave 4. The invalidation level of the wave 4 (blue) count is the bottom of wave 1 (blue)


Daily Wave Analysis for 19 November 2014

November 19, 2014 07:22

4 hour EURUSD:

The EURUSD bounce at the support trend line (green) could be part of wave 2 (red) which has an invalidation level at the top of wave 1 (red). This Wednesday’s FOMC event however could drastically change the landscape: one of the alternative wave counts would exchange the last wave 1-2 for a continuation of the correction of wave 4 (blue).

Daily Wave Analysis for 18 November 2014

November 18, 2014 06:47

4 hour EURUSD:

Price indeed stopped just before reaching the 50 Fibonacci retracement level yesterday and fell strongly after that for a potential wave 1 (red).

60 min EURUSD:
A potential bearish breakout (red…