Ewj: elliott wave

Status.
Open short "Long position" when the resistance trendline was broken as said. Close long "Short position" when the miracle happened, i.e., the resistance level was broken.
Now hold short "Long position".
Strategy.
Add long "Long position" if there is a higher high. Close short "Long position" if there is a lower low. Consider short position later.
Note.
Chart not included.
Quote from mu200411:03-31-08 07:08 PM
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.
More...
 
Hint of technical sellers at that first MM point.

The Next is the v=iii around 1361.75

Wave v can not be shorter than wave iii if its in the same degree so that 1361.75 has to be the limit, if the 5 waves are part of the same degree wave.

5min ES :)
 

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We'll have to can that last degree count and work with a 7 wave extention...

Targets for extensions are normally ratio's of the longest wave i measured from wave ii low.

61.8% of wave i comes in around 1363 area...

5min ES
 

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