Ewj: elliott wave

Just stopped at 1472.00 ESZ.
Pulled back to 1464 and change.

Time is running out on the shorts, me tinks . . .

40 minutes to the close!
 
Thats why were careful of wide spread bars :)

Remember the Rules if price overbalances its has correction ie +15 points its changed degree hence its carn't be a lesser degree wave iv.

38.2% back up is the next probable TA point @1481.50

:)
 
Its always the standard fibs on the way back up if there's no usable Alt waves...

38.2% is where the GET Orders will be, 50% the "main retail order" one will have more :D
 
Enjoyed today :D :D

Hopefully none EW'ers who view this thread might be able to start see the advantages of knowing were Traders Place there orders based on EW Technicals and how we can use this.:)

If people want to learn about Alternate Waves, have a look on page 127 onwards of Prechters EW book (1999 ad onwards)

"Far more precise and reliable Measurement of Retracements are the relationships are between alternate waves or lengths unfolding in the same direction..."
 
.... i didn't notice before because they are so steep.... but i see it now....
....they kind a look like the nas chart itself
.... thanks

PS. check out soybean chart ED

PPS. where do you see the rising wedge on PGR weekly beginning ? thanks.
Quote from Mup:
NVDA's a lovely EW Chart...
Check out AAPL & GOOG as well :D :D
More...
 
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