Ewj: elliott wave

Short sell re-entered at the last lower low. Now looking to take profit at around -200,20,40 when there is a higher high. Never mind if target is not reached.
 
Looks like its the tripple 3 count & this is the Z wave.

Eyeball target of the Z is the 1518-16 (SPX) area 200% Ext of W + Y =Z ect ect...

:)
 
Wave count OK now. Target is near. Prepare to cover short when there is a higher high, then enter long position and set stop at the last low. Rebound Target 70-100,7-10,14-20 points.
 
Close long position when there is a lower low and enter short position. Look for reverse point again where there is a higher high.

Black Friday? Free fall. No substantial rebound.
 
Position reversed. Set stop at the last low.
Target 1/3 - 1/2 of the 250,25,50 points correction.
Keep long position. Open short position when there is a lower low.
 
I though a chart might help people see where we're coming from...

Could be a complete corrective W-X-Y pattern on the larger 60min frame going into that 1516 target area.

Yes we could get one more lesser degree 5th wave of the to finish off the Y.... but the market seems to have a habit of producing small 4th waves that leave EW's a wave count short . :D


Any chance you could do some charts mu200411 during the quieter market moments. :)
 

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