Ewj: elliott wave

[mu200411]

It looks like Wave IV1)3.3 is extending , ET, but as long as the supposed Wave .3 is shorter than the supposed Wave .1 the ED count is still possible because the supposed Wave .3 is still qualified as Wave 4)c.5 and the supposed Wave .1 as Wave 4)c.3 . Confusing, isn't it? .

 

[mu200411]

Oh! :eek: The market rebounds as expected .

 

[Mup]

Quote from Mup:

Always have to keep an eye on those 88.6% they can be a very powerful signal

Seems a slight understatement now

Anyway last ALT was +44.5 so untill price clears the 1157 area then the Bears are still fully incontrol..

240min Globex

 

[ed]

Quote from Mup:

Anyway last ALT was +44.5 so untill price clears the 1157 area then the Bears are still fully incontrol..

Here's a possible gloom and doom scenario on the weekly SPX....

Bull or bear, if we can identify it, can both be profitable.....

Count invalid if SPX goes above 1162

 

[Mup]

Been on The EUR Today as the ES still feels a little strange.. Might take another look at the ES just after lunch..

On a side note
Any simple 1:1 target for the EUR at 140.57 area

120Min EUR Z8

 

[mu200411]

Looks like a-b-c now . Wait for Wave 5, if there is one .

 

[mu200411]

Five waves UP +305, +41, +73 and a correction.
There should be next leg UP around +300, +40, +70 after the correction ends.

 

[Mup]

When the price moves in measured moves to the downside it normally means either ED or some other corrective pattern such as an Exp Flat.. See what you think ....

240Min Globex..

 

[TraderZones]

Quote from mu200411:

Looks like a-b-c now . Wait for Wave 5, if there is one .

do you folks ever bother to test whether any of this stuff works REALLY? I have seen serious studies, and EW has little predictive value.

Why do you keep pursuing this?

 

[mu200411]

TraderZones,
I’m sorry I’d started this useless thread .
Don’t Waste your precious time here, TraderZones :eek: .
But you’re welcome if you think it is worth you time .
Mu.

Quote from TraderZones:
do you folks ever bother to test whether any of this stuff works REALLY? I have seen serious studies, and EW has little predictive value.
Why do you keep pursuing this?

There was a leg UP as expected although not as big as it should be ,i.e., +250, +26, +52.
But the fifth of fifth of third or c wave has not ended yet .

Quote from mu200411:
Five waves UP +305, +41, +73 and a correction.
There should be next leg UP around +300, +40, +70 after the correction ends.