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Handy This EW :D:D I wonder if any other Threads managed to get the morning High and the proceeding price action sell off this afternoon..:eek: :)

There's no right or wrong counts QuangViet :) It could of easily gone higher as part of a larger corrective move... The big tip off for me that were still in the current wave (3) degree set.. Was it failed to clear its last corrective wave off +32.25 as shown on this mornings chart of the...

Its overbalanced its 1:1 which is never a good sign for the bulls...new lows are normally the cards just deepends if's time left to do it today ( hopefully there will be.... :) Thanks Mike! 216 now :D

Got there :D

I'm just pleased they took note of Mups 228 area :D :D

Close Below 218.40 would be nice as it would trigger all the preset momentum boxes off when they do there overnight scans tonight... :D

Looks that way if we get a nasty reversal bar close on the daily...

Looking better :) 1:1 comes in at 1269....

Bears will looking for this new low if its stalls out here..

Leading Diags (LD) are common after throw overs so its worth keeping an eye on that possable option... The LD becomes incorrect above that wave 2 label at 226.5 area.. Could still be in the wave 3 of the LD before moving up into the 4th , then down again for the 5th.. 5min OIH :)

Last Alternate wave was +31.25 on the SPX so its always going to be a restance point at the 1292 area... 120min SPX

:) might not be right sg, just going off some of the most logical pattern counts.... If you have a chart, stick a count up... :) Its far easier to see were people are coming from and what counting style people use... I tend to count in a classic Frost and Bolton style, Mu, Elo &...

OIH... Did we just have a 228 area throw over this morning ?? :D

If your counting the move of the May 19th as either a wave 1 (or a 5 wave "a") it really needs another low to complete the wave (3) of that 5 wave move before we can have a 2 or b... 120min SPX with the 1,2,3 count to keep it simple rather than the more hardcore triple 3 wave pattern :D

I misunderstood your time frame... I now see where your coming from now when you say impluse.... Its of the larger time frame, not the lesser 60min I was on about ...:D Impluse as in the market structure off the 19th of May High as an a or 1...:) Daily SPX :) Is that link out to your...

Hi QuangViet Its basically the same count .... The Impluse counters (1,2, i,ii,iii) are seeing an up moved needed into the lesser wave iv before a final v to complete the larger 3... This count does niggle me, mainly because everyone is leaning on it , even more so when EWI has it...

Hi sg_ccw and welcome to the thread :) Handy this EW we got the Move down this morning & the move up this afternoon!.. :D:D

If we finished that waterfall pattern, then a (B) wave should target the 38.2% of the move @ 1329 over the next week or two...:)

Could very well Mike...:) That last high of 225.24 could of been the end of the 5th as it went higher that the last swing high of the wave 3 @ 224.21.... The Euro in April did the same kind of ED pattern where we didn't get much throw over.. I'll post a chart of the euro's Aprils ED...

This is the step up a degree count...So both options are covered... The correction yesterday becomes a lesser "b" wave and this move down the "c" to complete the (y) Count only becomes active if 1261 low gets taken out.... 15min ES