Ewj: elliott wave

[mu200411]

The supporting trendline still holds .
A move UP will satisfy the triangular count .
A swift move DOWN will satisfy the "M" pattern .
There is still a dim chance for a bigger a-b-c Wave 4) to satisfy the two months requirement .

 

[elovemer]

...i favor this bearish type of count....
.... one because we are in a bear market...
....two because the last time we did this 1.2 1.2 1.2 type of wave counting in the hope of a bigger bull move....
...... we just got a wash out instead.....

....so my vote is for an extended wave 5

 

[mu200411]

Two sell signals . There may be a rebound at measure move .

 

[blnbr]

I just started to look at Elliott methods again after failing to understand it before.

I labeled the Elliott numbers on the real time ES chart today. Can anyone point out whether my labeling is right or not? TIA.

 

[elovemer]

.....what time frame is that ?
thanks

Quote from blnbr:
I just started to look at Elliott methods again abeling is right or not? TIA.

 

[blnbr]

Quote from elovemer:

.....what time frame is that ?
thanks

Thanks for the reply.

I was looking at ES intraday 1-minute chart.
(My labeling skipped the "ABC" counts on the chart).

I attach the whole-day ES chart here. After wave (5) I lost my count.

 

[elovemer]

..on 1 min
... i have 5 waves over two days...
... as part of a wave 3

 

[mu200411]

blnbr,
Two simple rules to be a long term EWers.
1.The Market is always right .
2.Don't hesitate to change your counts .
mu.
Edit:
blnbr,
Your count was right until the third (3) wave became the shortest wave. At that moment you should immediately re-label your count.
To label a 1-minute chart you should review at least one month data, which will help you determine whether the segment is in a trend or a counter-trend.
A counter-trend is more difficult to label.
mu.

Quote from mu200411:08-14-07 02:30 AM

EWJ: Elliott Wave J……….
..... The wave counts will be changed frequently as Frost and Prechter wrote in the Elliott Wave Principle, 1978 : “we will be the first to discard our predictions if the waves tell us we must”.

 

[mu200411]

There was a rebound near measured move as expected .
The end of these three waves may be the end of Wave 4)b.c or Wave 4)b.a:3 .
After Wave 4)b.c the Market should cross the red line UP easily .
After Wave 4)b.a:3 there should be a lower low as Wave 4)b.a:5 and a Bear Trap .

 

[ammo]

Quote from blnbr:

I just started to look at Elliott methods again after failing to understand it before.

I labeled the Elliott numbers on the real time ES chart today. Can anyone point out whether my labeling is right or not? TIA.

blnbr,u dont know how lucky u are ,if these guys are willing to help u