Ewj: elliott wave

Still holded long positions, because there was no new low in the Dow, a divergence with SP500 and NASDAQ.
Expect a 500, 50, 100 points upmove.
"W" pattern confirmation will be a good buy.
But ready to dump all if the supports are broken
 

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Correct chart might help....:eek:

That last post shows the same chart twice :confused:

Anyway 15min ES..

I've scribbled a quick ED on as these tend to form after a clean wave A....Just something to keep an eye out for.... :)
 

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....getting closer to TL on wedge
Quote from elovemer:
......possible rising wedge.... a break down to wolfe wave target of around 1300 .... and recovery .... could be forming a huge ascending triangle below 1390 ......
.... for possible accumulation.... for a real up move later.....a few weeks ?
More...
 
... i am not sure....
.... i am still trying to decide if ... in your chart.....
.... if 3 should be 5 or not.....
... we should find out quickly though... since we are right on the lower trend line

.... because you could also draw the rising wedge as starting earlier
.... ?????
.... but as predicted.... high first then low today
Quote from Mup:
Wedge as in Leading Diagonal of a wave 1 or A elo, ??
:)
More...
 
Quote from elovemer:
.....
.... i am still trying to decide if ... in your chart.....
.... if 3 should be 5 or not.....
.... because you could also draw the rising wedge as starting earlier
More...

We can't really start the Leading diagnal wedge any earlier if you bullish..

The other swing high is part of a different wave pattern, ie the Ending Diagnal.... This swing high needs to be the wave 4 of the ED pattern..otherwise the bulish pattern is voided..

A chart always helps :)
 

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