Ewj: elliott wave

Quote from Mup
Because there is no Techincal Underpinning, the price normally goes lower, its just a question of how deep are their pockets going into OE.

Not very deep if they only manged the 38.2%
 

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Quote from Mup:

Bit of price and Vol

Is it elovemer who was looking more into this ?

Any way the people who bought on the Vol spike bar are now deffending or Bailing at break even..

There's no techincal level at that 1306 so its just pure price protection... Because there is no Techincal Underpinning, the price normally goes lower, its just a question of how deep are their pockets going into OE.

5min ES :)
nice call 4 minutes before the selloff
 
Thanks ammo !:cool:

Spot on Mike :)

It Equnox today and the Armstong pie cycle coming in over the weekend. These will certainly catch the eye of the cycle traders.

These lesser long and short leg time pressure points don't seem to have the same impact as the full 8.6 pressure point, but never the less, its an extremely popluar cycle model.

:)
 
Status.
Waited for a while until there was a lower high and a lower low to reverse short "Long position" as said.
Short "Short position" reversed at close, at the end of wave .iv of a lesser degree.
Hold long positions.
Strategy.
Cut loss if down. Hold on if up. Look for sell/buy signals, targets and resistance levels as before.
Upward potential 700, 70, 140 points, downward 100, 10, 20 points by measured move.
 

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