Ewj: elliott wave

Bullish scenario 1.
The problem with Elliott Wave is that the wave may take more time than you think. Intermediate Wave 4) may just end as a running triangle a-b-c-d-e and the Market is going to new high soon.
The problem is "with what news?". No more good news?:mad:
Strategy 1.
Buy a lot of call.
 

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Bearish Scenario 2.
Intermediate Wave 4) is an irregular correction. The present wave is 4)c.3:3 and 4)c.3:4 will follow to the tip of wave 4)c.3:1.
Head and Shoulders pattern points to 12000, 1250, 2300. Wave four of a lesser degree is a better target at 12050, 1374, 2340.
Strategy 2.
Open some long position as a gambling.
 

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Status.
Hold long "Short position" and short "Short position".

This may be the reason why put/call ratio goes up again.
There are 4 measured move and one descending wedge.
The Market may rebound soon. But I can not see the fundamental reason that will make the Market rebound.
Mean reversion?:confused: Contrarian? :confused:

So the short "Short position" was closed at descending wedge and the measured moves.

Strategy.
Open some long position if there is a higher high on Monday.
 

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Ok I asked peoples opinions a long time ago for SQNM and you guys asked me to post my own markups. I have been out of town and having some fun but now im back and ready to get to business.

The chart displays 2 areas I see as potential buys. The first one was identified (not in hindsight), but I did not buy there because I am not confident in the methodology yet and I know I am barely scratching the surface and have a lot to learn.

I have the second area drawn where I see a lot of confluence if we actually get a retracement from this point.

My only experience in EW is Miner and I have only been studying this for less than 3-4 weeks. I dont intend to use fibs as my only method (im price action and candlesticks for the most part right now)... but I see potential in this method of analysis.

Let me know what you guys think, thanks.

Another question I have is... what are the probabilities that we could retrace to the last turning point (end of 1:4, beginning of 2:4) and bounce again from there, without going to my target? Any ideas?
 

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Long positions entered again when there was a higher high near target. Set stop at the last low. If stop out, plan to enter short "Short position".
 
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