Ewj: elliott wave

Same set up again as last firday...

Hope people are stating to see it.... First we hold the last corrective ALT for a run back for the Gap but it stalls out between the 61.8% & 78.6%...

EDIT just dug up last firdays opening play....
Quote from Mup
Got the move up and the stall out... :)
Its a common pattern after the market hits a higher degree fib... It will hold its Lesser ALT on the first test and try for a new high, only to stall out and head back down for a retest and more often than not , a break....
Pattern steps up a degree to an a-b-c
http://www.elitetrader.com/vb/attachment.php?s=&postid=2176827
5Min ES
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Quote from Mup:

Same set up again as last firday...

Hope people are stating to see it....
More...

You are amazing Mup! Really glad to have you here :)

Thanks! :)

My internet access is unstable... will be on the sidelines again.... :(
 
Thanks ed, Amazing :eek: not really ....just years of screen time...:D

I take it the earthquake has messed up some of the cables again in that part of the world... :(
 
Quote from Mup:

Last time we had a simular pattern to yesterday afternoon on the Globex was part of an Exp flat, with the momentum break being the "B" wave and the sharp run back higher the final C to complete the pattern..
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Will history repeat ?:)

If it does then 775 area will be on the cards

120min Globex
 

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