Ewj: elliott wave

Quote from elovemer

... are you guys expecting to begin waves 3-5 now ?
... based on that last wave count ?
More...

If you mean the ED count then yes this could very well be in a Wave III that started from mondays lesser ED low :D
 
Plan to enter long position at measured move when there is a higher high, just in case there is a new high today. Keep short position.

~13260, 1479, 2655
 
Mup, if we take out Monday's low in the next couple of days I believe my count on the attached chart is accurate. What are your thoughts?
 

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"Dark Cloud Covers" $SPX :cool:
"m" neckline = 13400, 1490, 2700 :mad:
"sHs" neckline = 12975.1104, 1448.51, 2583 :(
"M1" neckline = 12845.7803, 1411.27, 2451.0701 :)
"M2" neckline = 12517.9404, 1370.6899, 2386.6899 :D

elovemer
That chart is OK. One point to consider is that "Wave 3 should not be the shortest wave".:eek:
Mu.
 

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Rob,

Its just a personal pref on that 1,2,i,ii rule of mine, that wave i of a sub wave extention should not be longer than the higher degree wave 1.

Mu did a great job a few pages ago going through the possable options.. :)

Another Scribble on the Globex to get things going...

:D :D
 

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