Ewj: elliott wave

Status.
Short "Long position" closed at open. Short position was not open because it was too near support level.
Short "Long position" re-entered at fifth wave and -200, -20, -40 from Tuesday high.
Strategy.
Same as Wednesday.
 
Quote from Mup

The Bears will try always their luck on the possibility of it morphing into a Leading Diagonal pattern...:)

A chart always helps...

15min ES on what the bears are seeing....:)
 

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Status.
Reversed short "Long position" after open when there was a lower low. Close short "Short position" at -100, -10, -20 when there was a higher high. Opened short "Short position" again at +100, +10, +20 when there was a lower low, closed at the double bottom and re-opened after the trendline break failed. Short "Short position" closed at close near end of wave :1.
This may be the return move of a bigger "W" pattern.
Hold long "Long position".
Strategy.
Reverse the long "Long position" if the support fail. Open short "Long position" if the resistance trendline is broken.
 

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