Ewj: elliott wave

That was a damp squib of a finish....

No mark down or even gunning for HOD stops...... whats Friday afternoons coming to :eek: :D

Have a good weekend everyone !! :)
 
....that is also where i have the bottom of the old large channel....
.....so blokes up......
Quote from Mup:
I'd like to see it get to around 780 elo, maybe as a larger abc pattern with today finshing of the "a" wave ?....
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One or two more measured moves will send us to Mu's 773, Landis' 775, Illum's 777 or Mup's 780 targets :) .
The three red lines will be the triggers for Sell Signals :D .
Note two pairs of fractal patterns.
Wave 5.4 has no fibonaci relationship with Wave 5)3.5.
 

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...remember when i posted this about the feb 9 bar ?

... well we have a similar bar now.... except that the volume is not quite as low as it was then......

.... possible short entry.....
Quote from elovemer:
... possible short entry on daily bar....
... just going by volume and price range...
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Quote from TRAS:

The 5 wave are in..... the first wave up.
Maybe roll down to the two wave next week!
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Yea, Ive been thinking either this is an A or a 1. Looking for a pullback and its intenesity. I have to admit that a wave 1 will slighty shock me. Im pretty bearish. But I am trying to leave my feelings out of this as best I can being new. Anyway, next pull back should help give me some clarity, maybe not, will see.

While certainly allowing for a wave 1 of 5...

The current 5 wave down is still very much intact and honestly beautiful. On a daily of the spx. Wave 1 starting 1/7. If so we are in 4. Wave 2 had a nice clean ABC then wave 3 started. The A in wave 2 reached up to just above 50 percent retracement of Wave one then failed. I was looking for this to happen on Friday. She never made it up that high. I still went short on Friday but I am small and not confident about what comes next yet.


I attached a chart but its ugly, Im terrible with these things. As ugly as it is, it shows where I am coming from. You can see Wave 1 of the 5 down starting right after the new year.
 

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