Elliott Wave Analysis of EURUSD update Euro Add comments Oct 242011 The EUR has been quite choppy in recent days. Yet, there is an order within the chaos. Elliott Wave analysis offers a handle on the bigger picture. One approach is what I am presenting here. Enjoy. Tweet Share this:FacebookGoogleEmailRedditTumblrPocketPinterestLinkedInPrint 4 Responses to “Elliott Wave Analysis of EURUSD update” K P Ganesh says: October 24, 2011 at 7:04 am Sir. As always thanks for these insightful charts and details. Makes it all the more easier for those who are still learning how to use Wave theory along with summation series and the golden ratio. Just one question? Has there ever been an answer found for these kind of irregularities in wave 4. As to why at times wave B of Wave 4 go higher than the highs of both Wave A of wave 4 (corrective wave) and Wave 3 (impulse move)? Thanks in advance. Reply Ramki says: October 24, 2011 at 8:21 am Hi Ganesh, the irregular b wave captures the pent up sentiment in the direction of the previous impulse wave that the whole abc is attempting to correct. Once you become comfortable dealing with Elliot waves, you will start enjoying these complex corrections while the uninitiated traders struggle. Reply Nagarajan says: October 25, 2011 at 11:43 am Can the alternate be, Wave 3 ending at 1.391 (its 5th wave extended) and Wave 5 is approaching its end at 1.4? Reply Ramki says: October 27, 2011 at 1:19 am Hi Naga, Sure,that is actually the right wave count, as I have learned in hind sight. Wave 3 at 1.3910/15 was 300% of wave 1, and wave 4 came down by 38.2% of wave 3. Reply Leave a Reply Cancel reply Your Comment Name (required) E-mail (required) URI Notify me of follow-up comments by email. Notify me of new posts by email.