Ewj: elliott wave

Ed, I was thinking the same as you with an ending diagonal to make a C. Should each leg of the internal structure of the C (a,b,c,d,e) form five waves?
 
Quote from ericmoles:

Ed, I was thinking the same as you with an ending diagonal to make a C. Should each leg of the internal structure of the C (a,b,c,d,e) form five waves?
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If it is an ED, it would be 3-waves each.:)
 
Mup, looks like after a complex 3 to the downside, that the OIH did a Wave (4) three day bounce up into 191.50 and the 10 day MA before getting shredded again today in what looks to be Wave 5 to the downside.

Wave 1 was obviously HUGE
( 24.26 points!)

.618 of Wave 1 = 15.00 points

191.50 - 15 = 176.50 objective

Could be there on Monday?

Chart attached.

:)
 

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New high and resistance trendline break confirmed the 1212123 count. A little overshoot did not negate the ED until fifth subwave was longer than the third wave.
The majority is always right except at the turning point.
 

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Wave V]V)V1]1) territory if invaded, will spell doom to the Bull count :mad: .
When will the Market deliver the death sentence :eek: ?
The question at issue is whether - or not - there is a death sentence :confused: ?
 

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