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There are no valid Elliott Wave trades available at this time. Stay out of the market.
Extensive Elliott Commentary for EURUSD240 (Daily) on 06-Apr-2007 with two incomplete patterns:
Wave (B) of the Intermediate degree Flat with a rating of 98.4 is expected to complete in the price range 1.3359 to 1.3687, but more probably between 1.3384 and 1.3507. This wave was expected to complete before 02-Apr-2007, and must complete by 14-Apr-2007.
After wave (B) is complete, expect the market to continue down into wave (C), which should be a five wave Impulsive pattern. Expect wave (C) to retrace wave (B) by 93% - 176%. Wave (C) can also be expected to be 110% - 176% of the price length of wave (A). The expected time for wave (C) to complete is 60% - 248% of the time taken for wave (B) to complete and 119% - 393% of the time taken for wave (A) to complete.
Wave B of the Primary degree inverted Flat with a rating of 77.9 is expected to complete in the price range 1.2309 to 1.3058, but more probably between 1.2639 and 1.2985. This wave could complete anytime between now and 05-Mar-2001, but is most likely to complete sometime between 10-Apr-2007 and 02-Jun-2007.
After wave B is complete, expect the market to continue up into wave C, which should be a five wave Impulsive pattern. Expect wave C to retrace wave B by 83% - 171%. Wave C can also be expected to be 88% - 171% of the price length of wave A. The expected time for wave C to complete is 57% - 246% of the time taken for wave B to complete and 53% - 209% of the time taken for wave A to complete.
Current Analysis Settings:
Analysis Date Range: 02-Jan-2007 to 06-Apr-2007, Label Range: 7 - 30, Preferred Count Labels: 24, Min Rating: 75, Stocks toggle OFF, Bias Towards Beginning of Data: 8, Bias Towards Major High/Low: 8, Largest Degree Wave Filter: Any Pattern