Ewj: elliott wave
- Thread starter mu200411
- Start date
possible bull M in purple
.... so far... so good...
.... 1257 target on bull M .... 61% of M
... target hit.... 1 successful W and 1 successful M in first 30 min
edit... 57 almost hit.... but i am already out
edit... make that ... out ... too soon
....rule of ten short from ... 52.25....62.5.. risky short
... rule of ten short was also 38% retrace level
.....from 1249... 1.0 square.... 1321.... 50% on daily
... looking for possible measured move up on the daily for a wave 3.... last up wave 144 hourly bars
.... zn bonds made 50% retrace on daily
.... so far... so good...
.... 1257 target on bull M .... 61% of M
... target hit.... 1 successful W and 1 successful M in first 30 min
edit... 57 almost hit.... but i am already out
edit... make that ... out ... too soon
....rule of ten short from ... 52.25....62.5.. risky short
... rule of ten short was also 38% retrace level
.....from 1249... 1.0 square.... 1321.... 50% on daily
... looking for possible measured move up on the daily for a wave 3.... last up wave 144 hourly bars
.... zn bonds made 50% retrace on daily
Quote from mu200411:
This is my opinion, Xuanxue
Mu.
There was no wave five, so it may be an irregular correction
.
We may be in wave .ii:ãV which may turn into wave .iii at any moment
But wait for trendline break as a buy signal.
Mu, I share the same view as you. I have been feeling weird about this upmove since it started on Jul 15th..... I think there is more downside and would prefer a strong trendline break for confirmation.
I on the other hand bought the dip at 1/4 bid 51 on a GTC and am targeting 1321 initially and will add more positions depending on how it looks there.
I never marry a trade but from where I sit the trendline base which to the letter of it isn't a trendline at all held strongly and came nowhere near giving POC 1250 a run for its money.
I'll risk all profits gained and breakeven if I have to but I like where we're at.
I never marry a trade but from where I sit the trendline base which to the letter of it isn't a trendline at all held strongly and came nowhere near giving POC 1250 a run for its money.
I'll risk all profits gained and breakeven if I have to but I like where we're at.