Ewj: elliott wave

[Mup]

Because the we went through the 1:1 target, I'd only start to Buy if it overbalances its last Alt back up of +7.

The 1:1's should hold to tick, & because we went 2 points lower, its flaging weakness. To off set the hinted weakness, it needs to overbalance its last Alt to show the trend has indeed changed degree...

 

[ammo]

thnx mup, watching transports breaking thru support on daily

 

[Mup]

Hopefully people can see how the Alts are used like traffic lights to traders...

Alts are actually based on Gann's price swing overbalance rule, but A.G Frost picked up on there usefulness in helping with wave degree...

 

[mu200411]

Should sell if today low is broken. Danger of an "M" pattern confirmation. :eek:
Buy if the last high is surpassed.

 

[Mup]

edit...
Posted the same as Mu

 

[Mup]

15min ES...

Could we have had a Failed 5th wave ?

This possable b or 2 could turn into a flat if it wants to be awkward..

 

[ammo]

looks like 3 rallies each with lower his

 

[Mup]

The flat count as mention in the last post...

 

[Mup]

whats his stand for ammo ??

 

[Mup]

The 1346 is a key area...

c=a into a 38.2%

If it gets above that level, it will be a green light for the bulls...