Ewj: elliott wave

Quote from mu200411:

Wave .iv invaded wave .i territory
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No offense but that's an impossibility. Elliot wrote if such an instance were to be perceived, then what's being dealt with are extensions, wherein the correction is an A-B-C correction.
 
..... GS hit the 78% target.....
.... will see

DJ tran.... hit 61% on weekly

XMI approaching 127% extend on weekly

Quote from elovemer:
GS weekly ... for an up move ... after hit lower target at 78%
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Quote from Xuanxue
No offense but that's an impossibility. Elliot wrote if such an instance were to be perceived, then what's being dealt with are extensions, wherein the correction is an A-B-C correction.
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Elliott wrote in the Wave Principle :

.... wave four Should Not carry as low a level as is attained by wave two....wave four rarely cancels all of the ground gained by wave three

Also in Nature's Law Elliott again wrote:

Note that wave 4 overlapped wave 1, which it should not do

The terms should not & rarely are some what different in meaning to "impossibility".

Its down to personal interpretation. We'll never know what Elliott ment by his choice of words, in the context they were meant.

:)
 
@ mup,

ok on my actual view, i stay on track both corrective & impulse since fall from may 19 for SPX. ( was heavy on impulse before)

however on daily chart give clear picture for impulse, but intraday movement in last days look like more corrective case than impulse.
 
I bet most well be seeing the 1:1 b wave set up...around the 1230 area

The 88.6% just above around 1233 just incase they want the stops would also be something to watch..

5min ES
 

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