Ewj: elliott wave

[Mup]

5 Min ES

Feels like were in a B wave of a Flat pattern. They could be mischievous with an Exp Pattern but for now I just labeled the classic higher fibs

 

[mu200411]

Position reversed again. Set stop at the last high.
What a choppy session.

 

[mu200411]

Position reversed.
All short positions closed.

 

[Mup]

Quote from Mup
They could be mischievous with an Exp Pattern

Think off all the Stops and limit orders they would like to pop just above yesterdays high which was the larger 38.2% fib before taking it back down for a better price later on..

Much Above the 123.6% ext (1478-9 area) kills the Exp Flat...(With some sort of 5th wave in play)... At the Moment the players will short the Measured move Point with Stop and Reverse just above the 123.6%.

 

[mu200411]

Prepare to open short position if there is a lower low.

 

[mu200411]

Short position re-entered. Again!
Prepare for whipsaws.

 

[mu200411]

Prepare to close long position.

 

[mu200411]

Long position closed.

 

[mu200411]

Prepare to take profit on the short "Short position".

 

[mu200411]

Short position closed when there is a higher high at 2/3 target -150, -15, -30.

Bravo! Mup got the high 1475. Landis got the low 1405.
I got whipsaws.

Edit.
Long position also entered.