Ewj: elliott wave

Wait for reversed Head and Shoulders pattern to complete then close long position. Wait for a lower low to sell short. Set stop at the last high.
 
thanks mup.....

....nice charts of yours... thanks....

.... as far as ending diagonals....
... please take a look at daily chart of e-mini euro fx .....
... starting oct 9 at 1.4035 low...

.... can it be...completing wave 3 of 5 now ?

thanks
noob ... respect....


Quote from Mup:
The ED is very common as C waves on the lower time frames. The give a way is a sharp move with only 3 waves. The first wave (i) of on ED is always the longest.

As for the current Higher count on the SPX I'd be very tempted to label the move of the Aug 16th low as part wave (i) of an ED wave 5.
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Could we'll be in a wave 3 of an ED on 6E Z7..:cool:

Take a look at NVDA (daily) its other great example of the type of swift move once the 5th wave of an ED complete's...:D $39 to $33 nice :D

We could even be in an Ending Diag C wave on both the INDU and SPX if we get some more overlap again wave i might not be complete yet but I've doddled it complete for ease :)
 

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...thanks so much for taking a look.
... yeah hopefully wave C has more downside......
.... hopefully we are not already in wave 3 up

oh.... how do you set your downside target for ED break down ?

thanks again....
Quote from Mup:
We could even be in an Ending Diag
C wave on both the INDU and SPX if we get some more overlap
again wave i might not be complete yet but I've doddled it complete for ease :)
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The minimum target is a sharp decline retracing at least back to the level where the Ending Diagonal began. Ie the point at which wave i of the ED starts.

:)
 
Thanks Mup.

I think another Ascending Wedge is developing, which may be the end of wave :c.

Quote from Mup:
We could even be in an Ending Diag C wave on both the INDU and SPX if we get some more overlap again wave i might not be complete yet but I've doddled it complete for ease :)
More...
 
To Mup & elovemer

I think the worst case scenario is -820.3,-73.8,-135.86 points down from the last Friday high in the Dow, SPX, NASDAQ respectively, i.e., 12939, 1450, 2674.


Quote from Mup:

The minimum target is a sharp decline retracing at least back to the level where the Ending Diagonal began. Ie the point at which wave i of the ED starts.

:)
More...
 

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