Ewj: elliott wave
- Thread starter mu200411
- Start date
Well it got there and some more...
Very mischievous pattern going into that afternoon low.
Its not often you get a triple Momentum (60, 120 & 240) bar break together with an Overbalanced 1:1 with no follow through... Anyway once it got back over that lesser 847 alt it confirmed which side to be on... Just have to remind myself these are not usual times
Edit just double checking the data feed spikes before updating the chart
Landis nailed the low 1 hour in advance. A +30 points rebound followed 
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There are 4 alternative counts.
1.The most bullish is Wave IVc] has endded. Because Wave IVc]c)5.3 is shorter than Wave .1 so Wave .5 cannot be longer than Wave .3. We are now in Wave 1)1.1:3
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2.Wave 3)5 has endded. We are now in Wave 4) which can be 1500, 150, 300 points UP
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3.Wave 3)5.2:b has just ended as a simple zigzag. Wave 3)5.2:c may be equal to Wave 3)5.2:a
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3.Wave 3)5.3:3iii.iii:i have just ended. Wave 3)5.3:3iii.iii:ii might have ended below the end of Wave 3)5.3:3iii.iii:iIV, 865, as an ascending wedge
.
.There are 4 alternative counts.
1.The most bullish is Wave IVc] has endded. Because Wave IVc]c)5.3 is shorter than Wave .1 so Wave .5 cannot be longer than Wave .3. We are now in Wave 1)1.1:3
.2.Wave 3)5 has endded. We are now in Wave 4) which can be 1500, 150, 300 points UP
.3.Wave 3)5.2:b has just ended as a simple zigzag. Wave 3)5.2:c may be equal to Wave 3)5.2:a
.3.Wave 3)5.3:3iii.iii:i have just ended. Wave 3)5.3:3iii.iii:ii might have ended below the end of Wave 3)5.3:3iii.iii:iIV, 865, as an ascending wedge
.