Ewj: elliott wave

Next move may be a "Buy" whether it goes up of down.
IF there is another new low it may be a Bear Trap again, especially if wave .v is a three, i.e., Mup's ED. If the resistance trendline is broken it is also a buy signal. "W" pattern confirmation may be another buy signal.
Strategy.
Buy.
 

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Quote from Mup:
..Delta hints at down into the close unless we've had a crafty double inversion ie the last point and the first points both invert...Today is an orange day which is cycle day 1 :)
More...

Crafty double Inversion it is....

This is a key bit of info if people are fine tuning their short term delta...
 

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Thanks, Mup.
I'm looking at a bigger "W", elovemer.
Mu.

Status.
ST long position opened at resistance trendline break. :)
LT long position opened at close when there was a higher high. :D
Strategy.
Wait for "W" pattern confirmation. Target price will be Mup's 1351 again. :cool:
 

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Bumping around its 38.2% on the ES...

Bench mark Alt is the -5.25...so any correction needs to be over that figure to change the degree to get any interest from the bears....

There's a Gap close at 1363.5 ....


5min ES...:)
 

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5min ES scribble on a eyeball count...

Looks like its going to be a trend day finishing of the wave (3) then wave (4) through lunch before commencing the (5) for the afternoon.....50% is 1357 & the 261.8% ext of wave (1) comes in at 1359...

:)
 

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Quick look on the Globex, reveals a possable bearish 1:1 a-b-c pattern into the 50%....

The ALt on the Globex is -7.5 so it needs to overbalance that ie, close out below that 1350 level inorder for it to come into play as the alternative count... still perfer the bull lean of a wave (4) through lunch, but it doesn't take much for me to switch sides if the warning flags appear.....:D

120min Globex......:)
 

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