Ewj: elliott wave

Yes ALT is short hand, for Alternate wave(s) ( ie waves in the same direction... page 127 if you've got Prechter's EW book)

It also linked to Ganns old swing rules on Overbalancing of price ...ect ..

While its holding its Alt's its still in the same wave degree so the trend in Gann terms has not changed....
:)
 

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Mup, using your ALT ideas, how do you define when it has been penetrated or broken. Does price only have to trade beyond it once or do you need to see a close below that level or something else?
 
Quote from ericmoles:
Mup, using your ALT ideas, how do you define when it has been penetrated or broken. Does price only have to trade beyond it once or do you need to see a close below that level or something else?
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A close below eric..

The "Bots" have a habit of liquidity sweeping around ALts, due to the amount of orders placed either side of them.
Hence you see often "shadowing tails" in candle terms but no close outs, especially in dull lower volume corrective phases....
 
Keeping half an eye on GBP #F

Not seen Square ratio for a while in Cable....

a-b-c into the 41.4% ?

Incorrect above that last swing high (c)

5Min GBP #F
 

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need a retest of this top to make it valid, right now that could be the problem, need to confirm this down move w/123 top formation. A normal w formation or Head and shoulders, crown. ETC

Don't you just love 2 wave or 4 wave, just like watch paint dry on a rainy day.
 
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