Ewj: elliott wave

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That is a very interesting way to look at Fib series high and low. It never crossed my mind even though I have used Fib for many years. However, for the 13 high indicated on your chart, I counted more than 13 (actually 15 days). Is this an approximation and how often does it work??? Your input is greatly appreciated.
 
Quote from Mup:

The ED is very common as C waves on the lower time frames. The give a way is a sharp move with only 3 waves. The first wave (i) of on ED is always the longest.

As for the current Higher count on the SPX I'd be very tempted to label the move of the Aug 16th low as part wave (i) of an ED wave 5.
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...i know this is almost 400 posts ago, but i still want to thank you for this.... Thank you Mup!


Quote from mu200411:

Sorry for wasting your time. Just for fun. Don't take this thread too seriously, or else, you will be disappointed.:D
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And thank you Mu, for continuing this thread!

I'm almost reaching page 100 now..... :D
 
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