Ewj: elliott wave

Short position is not cover yet, thus loss opportunity to take profit at 1/3 target, but avoid 5 false sell signals.:eek: The sixth sell signal is also a false signal or a genuine one?:confused: Wait and see if the "M" pattern is confirmed or not.:cool:
 
The seventh buy signal negates the sixth and the seventh sell signal, doesn't it?:confused:
What a terrible Market of both bull and bear day traders!:mad:
If stop out, quit for today.:cool:
 
Could be a double 3 pattern to form a flat of one higher degree ??

Double 3's drive people nuts with all the false signals so its worth drawing the pattern out just in case. Much perfer a bear count of a A-B-C with this mornings move back up being the B, but we'l soon find out with that key datum point of 1499.5.

:)
 

Attachments

Short position covered at 1/3 target as said when the last buy signal, "W" pattern was confirmed. Long position opened and set stop at the last low. Short position entered again when the failed "M" pattern was confirmed later. Long position was not closed.
 
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