Ewj: elliott wave

[Mup]

Just steeping up a degree on the 15mins..

 

[Mup]

Update on NVDA while its quiet

Starting to look interesting for a B wave target area..

Red Line on the chart is the degree datum point .

 

[Mup]

1525.50 is the next Measured Move price point, then its the 50% @ 1226.50..

 

[Mup]

Take your pick of about 5 vaild counts at the moment

I favour the Bullish option however we EW'er have no bias..

 

[mu200411]

Thanks Mup.

Status.
Target reached, 13700,1520,2830 (old), 13660, 1517, 2817 (new), but no lower low. Long position was not closed. Short position was not opened.

Scenario 1.
Futures point to a weak open.
Strategy 1.
Close long position and open short position at open. Set stop at the last high.

Scenario 2.
Futures point to a strong open.
Strategy 2.
Stay long. Wait for shorting opportunity.

 

[mu200411]

EUR/USD=1.4730, Crude oil = $98, approaching target 1.7 and $108.:eek:

New count Subminuette 4)c.1:3i has ended and is
509.0097, 61.75, 89.6001 point long. If Subminuette iii = i from
13669.4004, 1520.27, 2825.47 may end at
13160.3907, 1458.52, 2735.8699.
Too scarry? Let's set target at - 200 to - 300, -20 to -30, -40 to -60 points.

 

[mu200411]

Long position closed and short position opened at open.

 

[mu200411]

First small Bull Trap. Keep short position.

 

[mu200411]

Short covered. Wait for another sell signal.

 

[mu200411]

Reluctantly re-enter short position. Set stop at the last high. Set target at 200-300, 20-30, 40-60 down move.