US$ and Euro make pivots H2 and H-2 respectively. Expect some action over the next few days!


The DX MAP wave count is H2 of 4H5 of D4 of W-5 of M-3.

Pivot H2 was confirmed this morning and I expect a rise to over 81 to pivot H3.

The current MAP wave count for the Euro is H-2 of 4H -3 of D-3 of W-5 of M-1

Pivot H2 was confirmed this morning and I expect a drop to below 130 for pivot H-3

With a MAP wave count of two consecutive 2’s i.e. wave 3, often rapid big moves occur.

This entry was posted in Currencies, Euro, US$. Bookmark the permalink.

2 Responses to US$ and Euro make pivots H2 and H-2 respectively. Expect some action over the next few days!

  1. mapportunity says:

    I will put up a post regarding pivot scales, but simply the dollar is making a bottom with the next leg up and opposite for the Euro.

    What I call hourly pivots – there will be 5 waves on 10 minute pivot scale and each of those will have 5 waves on the 5 minute pivot scale and you can zoom in even further to 2 more levels but that depends on what level you are trading. So it will be going up and down in at least 125 waves!
    Hourly waves on are often moves over 2 to 3 weeks, however time and price are both limiting factors – so it could be a big move in price or time as the trend channel is what I follow.

    The momentum is always towards the newest median line so I would expect the 10 minute pivots within the 10 minute fork and the intersection with the hourly fork would be the target.

    Should subwaves form then these are likely to go outside of the trendline, but there is no way of telling that yet eg. yesterday it broke my low, and pierced the hourly MLL, which was the result of a subwave, and may yet finally bottom around 79 early next week! But being within 0.3 in a potential move of at least 2 still gives good risk to reward ratio!

  2. dollarfan says:

    You say in your post regarding the USD.
    “Pivot H2 was confirmed this morning and I expect a rise to over 81 to pivot H3.”

    You say in your post regarding the Euro.
    “Pivot H2 was confirmed this morning and I expect a drop to below 130 for pivot H-3”

    When are the H3 and H-3 pivots due ?

    I find your analytical technique very interesting but I cannot read the charts as to When these H3 pivots are due ?

Ideas, Suggestions, Comments?

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s