Ewj: elliott wave

A weekly view on the INDU..

I normally use the Long term Delta to help with direction. The Long term Very rarely Inverts so at the moment I'm tending to lean on the a-b-c -x-a-b-c wave count into the Super Long Term Delta point later on in the year.
 

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If on the outside chance the Long Term Delta has inverted. (its been over 70 years since it last inverted) We get the Bounce going into Summer before going down into the Super long term Delta point...
 

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The Bulls best hope that the pattern of 17th Feb low is a 1,2 i,ii count...

Otherwise their in a spot of bother, with that complex 3 wave count catching them out...:)

120mins ES
 

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Some Techincal levels on the ES 15min

We've stopped at the 61.8%, which the Bulls would luck for as a wave ii. (these normally don't hold if there's no other wave structure converging with the Fib)

These are the other wave structure pressure points going down to the last chance saloon point of the Alt @ 1313.25

:)
 

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Status.
Long "Long position" reversed when wave :1 was invaded as said. Now hold long "Short position".
Have to move wave .2 to the divergence point between DJI-DJT and SPX-NASDAQ.
Strategy.
Open short "Long position" if the resistance trendline is broken or when there is a higher high at -300, -30, -60. Add short "Short position" if "W" neckline turn into a resistance level. Close long "Short position" if some miracle happens.
 

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