Ewj: elliott wave

Status.
Hold more long "Long position" and some short "Long position" after a few trades.
Strategy.
RSI, Candle Stick, Volume = Buy signal.
Reverse short "Long position" at measured move and fifth wave count when there is a lower low. Reverse position again at 100, 10, 20 points retracement. Add to long "Long position" at the end of Minute wave 5)1.1:1ii.
Beware of the resistance at 12600, 1370, 2450 or after a 1000, 100, 200 rebound
 

Attachments

If wave 5)1.1:2 has ended, there will be a 700, 70, 140 points up move.
If not, wave 5)1.1:2 will fall 150, 15, 30 points.
Status.
Hold long positions.
Strategy.
Same as before.
 

Attachments

Bearish Engulfing is a bad sign. (Friday)
The third RSI below 30% is usually the last one. (Not yet)
MACD cross is a medium term buy signal. (Not yet)
Ben's one-two punch plus B-P-C's kick start would be good fundamental support.

4)c.5=11644.0801, 1270.05, 2202.54
5)1.1:1=12485.5098, 1368.5601, 2408.22
Advance= 841.4297, 98.5101, 205.68
FR38.2=321.4261454, 37.6308582, 78.56976
FR38.2target=12164.08365, 1330.929242, 2329.65024
5)1.1:1ii?=12187.5801, 1327.5, 2325.74
5)1.1:1ii.â?=12298.0498, 1340.6899, 2343.5701
Bullish Scenario 1.
MM-up=13029.0098, 1426.0101, 2531.42
Bearish Sceario 2.
MM-down=12000.1201, 1299.6298, 2261.0901
FR61.8target=11965.50625, 1307.680858, 2281.10976
AfterMMD=12841.5498, 1398.1399, 2466.7701
Status.
Hold long "Long position" and short "Short position".
Strategy.
Reverse short position if futures up.
If futures down, plan to cover short at target.
 

Attachments

Short term position reversed at fifth wave of fifth wave. Reversed again near + 200, + 20 and lower low and again at -70, -7 and fifth wave of c wave and higher high.
Another +200, +20 points to go?
 

Attachments

You must log in or register to reply here.
Back
Top