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EUR/USD Daily Video, December 08, 2010

Discussion in 'Sive Morten- Currencies, Gold, Bitcoin Daily Video' started by Sive Morten, Dec 8, 2010.

  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Good morning,
    let's shift back to EUR FX, besides, the price action is almost the same as on CHF. I've said that market still could show AB-CD retracement, so that has happened.
    And market currently stays at key level to watch for:




    portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
     
    #1 Sive Morten, Dec 8, 2010
    Lasted edited by : Aug 15, 2015
  2. pckeys

    pckeys Private

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    BAT ?

    Hi Sive , great stuff as usual...
    Looking at this current day on both the 1 hr and 4 hr .. do you happen to see a bat forming a deeper move down than the 100 expansion of the gartley?
    It looks picture perfect ..

    cheers
    Peter
     

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  3. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi, Peter,
    Well, I like to have a solid retracement prior to butterfly in opposite direction to it. Here we do not have it. That's why, personally, I treat current move only as AB-CD. But still, we can't exclude the possibility that it could reach 1.27 of AB or even 1.618, as I've said.
    The Bat, that you've describled has too long first move and too shallow first retarcement. Bat should have at least 0.618 retracement of first move up. Better if it will be 0.786.
     
  4. Joh

    Joh Sergeant Major

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    re the E/U

    Thank you Sive -most appreciated :)joh
     
  5. erich

    erich Private, 1st Class

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    thanks

    many thanks to you Sive, I will follow your advice, to keep it as simple as possible;
    Erich
     
  6. ochills

    ochills Master Sergeant

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    tha

    thanks Sive.Thanks. U are of great help and ur analysis is wonderful.
    thanks I av finally got the BooK Of Joe Dinapoli levels.
     
  7. Patt

    Patt Recruit

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    AB-CD retracement is different from elliott wave A-B-C ?

    Anybody can explain this to me?

    Thanks?
     
  8. erich

    erich Private, 1st Class

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    hi Patt,
    in EW (Elliot-Wave-Theory) you have not the point A and so on, but it is the name of the whole wave;
    so normally what you describe as AB is in EW the wave A, the point BC the wave B and CD is the wave C;
    lg, Erich
     

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