:D :D
Still not quite in the Bull camp myself just yet... But still not as bearish as the "worlds going to end" EWI counts..
I'm still leaning towards that 13 year traingle pattern, with this being part of the C wave we could lable a double 3 pattern. With a flat (w) folllowed by a...
Everyone now seems to have the "standard Pretcher bear" 1,2,3,4 now in the 5th wave count...When having a quick look round the other board TA postings...
So Here's a different slant for the bulls, going into the FED :D....
Hi TT1
I trade the ES intraday, the EW is a key part of the methods I use for helping with direction bias & controlled entry/exit points basied on the pervailing wave sets..
Like last night, the EW pointed to some sort of move down...We'd had a 3 wave move of the low with over lap so the...
Another view on the 120min SPX...
This count is very popular at the moment with the bears....(Looks like a Prechter count )
I have a slight problem with length of the lesser wave ii .
In extentions, the corrective waves,( in this case the wave ii or (3) ..) should not be the same...
Well that lesser completed ED option has killed....Did Mu yesterday raise the point about that corrective move back up last night being classed as a wave 2 ? :)
Got the move down shown on last night chart as a (b) but its way to deep now...
Looks like a switch on to a 1,2 3 count of the...
The trouble with these ED patterns is they have a habit of draging their feet in time and often catch us EW traders by being "one" wave degree out...
So there is always a possabity of one last move down unless that wave 2 high of 1346.5 get taken out..Just something to bear in mind :)
Thanks ammo..:)
Quick scribble on the SPX chart...
If that ED 5 has now finished the natural target (over the next week or so) would be the start of the ED pattern which would mean the wave 4 high of 1366.5 area...
120min