Ewj: elliott wave

[Mup]

Thanks Mu

Mup's ED wave 5 could still be alive with this pattern being some sort of a-b-c X wave :eek:

 

[mu200411]

Prepare to close long position and open short position.

 

[mu200411]

Long position closed. Short position opened. Set target at half the rebound. Set stop at the last high.

 

[Mup]

We know now that the Wave into the FED was a C wave as its an ED. So we can bin the 1,2 counts.

Bulls Still have the higher ED to latch on to, and the bears have a few counts to ponder over be it, tiangles X's or B's on the higher daily/ weekly frame

15min ES that shows the ED C nicely..

 

[mu200411]

Prepare to reverse position.

 

[mu200411]

Prepare to reverse position.

 

[mu200411]

Short position closed at the fifth wave.

 

[mu200411]

Prepare to re-enter short position or open long position.

 

[mu200411]

Short position re-entered. Set stop at the last high.

 

[mu200411]

Target reached. Close short position.