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Friday, July 30, 2010

USD/CAD Short Term Elliott Wave Count




A very short term look, suggests a triangle thrust setting up, so if that thrusts higher in wave [c] then the ES should push lower

Its difficult to label it as 12,12,12, as i would need to apply some creative count, but as long as the wave d low holds, then its still valid

It looks and counts well for a triangle

However if this breaks down that should be Bullish the ES/Equities

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Statement – being right means nothing if you don’t profit from that call, anyone can make market calls and show analysis of the market, NOT everyone can take the risk and trade the correct trade to make $$$$ You are ALWAYS learning, never under-estimate the market, she has a way of hurting you in the most obscene places Let it be said, traders should trade and use their own judgement and opinions, if you agree or disagree with my analysis of the market then you and you alone will still need to make the choice of putting your money at risk with appropriate stops, i can not be responsible for any losses that come from my analysis. Questions can be e-mailed to: ewavenoufy@yahoo.co.uk

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The opinions and analysis offered in this website/blog are just my opinions of financial and commodity and FX worldwide markets, and should be considered just that, opinions, I am not a registered financial adviser, or an accredited financial Guru or professional