Ewj: elliott wave

...I was thinking that as well....
.... a wave C down would be a perfect opportunity to put in a higher low
.....
Quote from Mup:
Mu's covered the Bull option...:D
I still carn't rule out that yesterday was a "c" wave to finish of a larger "B" especially now that it's overbalanced that -7.5 ALT...
120min Globex...:)
More...
 
Most will see this mornings mark down a "Sharp" wave IV..... But we like to think outside the EW box on this thread...:D

We'll see how we get on ....It just worth making a note of the warning flag, that overbalanced Alt .....

The "main stream" Bull count on the Globex 120min :)
 

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Overlapping waves do not bode well for the bullish case over the near-term, except for a running correction. :(
An ED at the resistance level is gaining ground. :mad:
 
Quote from ammo
mup, i don't know what u mean by overbalanced alt,bear or bull?
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Hi ammo...

Alts are used like traffic lights for techincal traders...For a trend or wave degree to say in tact the corrections or Alts must be the same or less..

If the corrections start to overbalance ( gann term) ie go over the bench mark.Then the trend is changing or in EW terms, were changing wave degree....

.In this case the bench mark was that -7.5 on the Globex...Once we did more than the -7.5 the warning flags go up that the current wave degree has changed.

The next ALt to watch is the 1:1 measured move point @1356...If it can hold this it means it corrective. If it carn't then the wave becomes implusive, which then opens the door for a deeper correction...

5min ES :)
 

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Sometimes there is one more wave :v. :( Wave .i:v may end today and the wave .ii, running correction, irregular correction, zigzag correction, has just ended too. :)
Wave .iii may come next. :D
 
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