Ewj: elliott wave

.... not sure if you are asking me ....
.... if you are referring to the stoch chart...
.... my wedges were only using the action of the indicator... not price action itself

.......ammo
....... each to their own... but for me, i don't see it
... maybe you could post a chart marking the rising wedge
Quote from ammo:
the last 2 humps are forming a rising wedge, do you need 3 to draw a line?
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....this old thing looks like it is not done yet

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Registered: Dec 2005
Posts: 881
04-02-08 03:38 AM
possible wolfe
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Quote from elovemer:

.... not sure if you are asking me ....
.... if you are referring to the stoch chart...
.... my wedges were only using the action of the indicator... not price action itself
More...
Elo, i was asking about the macd or stoch on the bottom of your chart, the last 2 humps were showing a positive up swing
 
.... could you post a chart ?
.... so i could see what you mean exactly

..... i mean could you mark the rising wedge you see..... because i am having trouble seeing one.... thnx
Quote from ammo:
Elo, i was asking about
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Quote from elovemer:

falling wedges on 4 hr stoch
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the last 2 days where the spus hit 1263,your macd or whatever the indicator is,the second hump is higher than the first,i'm learning that is why i'm asking you,is that too short of a timeframe,2 humps,to draw a rising line on and use as a bullish indicator,in your opinion
 
..... as for stoch....
.... the way i sometimes use it as bullish indicator is either oversold....
.... or a positive divergence between two oversold conditions..... i.e. higher low on indicator where price has lower low
Quote from ammo:
the last 2 days where the spus hit 1263,your macd or whatever the indicator is,the second hump is higher than the first,i'm learning that is why i'm asking you,is that too short of a timeframe,2 humps,to draw a rising line on and use as a bullish indicator,in your opinion
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my 2 cents,starting in april i see a 4 step chart,3 step charts return to the bottom of 1st step,4 step charts blow thru the bottom of 1st step,very bearish
 
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