Ewj: elliott wave

An .á is still an .á :cool: , but the .â is morphing from a-b-c to 1-2-3-4-5 and to a-b-c again :confused: . The .ã is a five now.
The Bulls had been trapped yesterday. Will the Bears be trapped today :eek: when wave .ii turns out to be a running correction.
The end of an expanding correction may be a profitable short term buy.
The "m" & "m" & "M" patterns confirmations may be a Doom for the Bulls.
Status:
ST long position opened when Tuesday high was surpassed. LT , due to Mup's "M", and ST long positions closed when the upper border of the ascending triangle failed to hold. ST long position re-opened at -200, -20, -40 from the high.
Strategy:
Cut loss at the "M" neckline break :( . Hold if it holds :) .
Re-enter at .á or i:v and the completion of small "M" pattern :D . Cut loss again at the big "M" neckline break :mad: .
Enter LT long position when the parallel resistance trendline is broken.
 

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Looks like we could of finished an ED (if it is one) :D

Mu's cover the bull option :cool: :) for this pull back could be the lesser wave iv of an ED or even a w-x-y pattern of a larger flat....

The Bears however, will be looking to a completed a-b-c pattern with the "b" wave being a flat...

120min INDU..:)
 

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hey guys, the 3 minute in google is a big w, is that bullish or bearish,i want to buy puts here,but not if that signals bullish, thanks
 
If it can hold a pull back to the 582-581 (61.8 & 78.6) its bullish.. :)

If not it means the pattern becomes a flat with downside target around 9 bucks to the 576 area..:)
 
Just gone 1:1 into a 61.8 on the ES

So it will be interesting to see what kind of reaction we get.. The Euro break down is clear helping the bulls at the moment...

5 min ES :)
 

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.... just too much negative sentiment at close yesterday....
.... also hourly div on rsi at close ....
Quote from elovemer:
...1420 would be better for 61% on daily....
.... bearish sentiment is great for a long....
.... this short seems too obvious for them to let it go here....
..... if it won't get to 1420 later .... then the open could be a good short tomorrow....
More...
 
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