The AUDUSD sequence we'll be looking at starts on the 7th at 12pm at the 30M time frame. To preface the analysis, I should mention that I'm using a counting framework called 'Magenta', as well as an 'event locator' to provide an objective foundation for our count, and a tool that automates the counting and tracks the processes we'll be analyzing... The current...
We are tracking two counting processes in this analysis: Prime & Cycle. The first is easiest to understand. We simply select a window that starts at the absolute top/bottom of the trend, and ends after the first fractured pullback ("FCT") completes. As you can see from the green label at the high, we can derive three numbers from this count. In this case they...
Ok, I've revised my analysis on this. I'll quickly go over this change... For Magenta counting rules please see my other posts... Basically I changed my analysis of the type, to a 4/6 (red tags, point C and the DMC in FCT 2). The cycle ends at point F so the antitype starts counting from there. This (the antitype) now lines up with the 12 count from our prime...
Ok everyone, let's try this again. I believe this sequence (from the Jan. 14 high in the 4H time frame) is near its end. First and quickly, allow me to explain the labelling... Green tags are location labels, not counts (as in Elliott wave counting). The other tags represent different processes playing out. Each process has it's own unique count. The red and...
An exercise in forecasting is always like venturing out onto a thin limb, but this 2H sequence is so fascinating, I thought I'd go ahead and put this out there. I know my analysis looks confusing. Let me attempt a brief (hopefully not confusing) explanation... The various callout tags represent different processes playing out. Each process has it's own unique...