Ewj: elliott wave

The expected correction might have started :eek: .
Evening Star Candlestick pattern @ double measured moves.
Complete Elliott Wave count.
Daily RSI cut 70% line DOWN for the third time.
Weekly RSI cut 70% line DOWN.
MACD cut trigger line DOWN.
 

Attachments

... now let's see what's what.... after this down day

Quote from elovemer:
a wave count is complete only in hindsight.
a possible complete wave count... now that is a different story.
 
So far so good. :)
It's a rare opportunity to see the market acted as expected. :D
Gold fell $100 :eek: .
The question is "Where are the supports?" .
The answer is "All the Wave4s, ie,
Wave .4 @ $1360 (crushed)
Wave 4 @ $1310 (crushed)
Wave 4) @ $1160 and
Wave 4] @ $666 :mad: .
Only 50% drop from the top.
Quote from mu200411:12-23-10 01:57 PM


Gold $1400 and USD/JPY 80 may be long term tops :) .
Complete wave counts and multiple measured move :D .
 

Attachments

Not sure whether this is the end of Wave IVb]c)3.5 or Wave IVb]c)5?
So Oil can go UP one more wave to $100 before
going DOWN to $60 :confused: .
Quote from mu200411:12-23-10 02:36 PM


Crude Oil should be locked in a triangle between $100 and $60.
 

Attachments

market will be at 666 by the end of the week

..on the other hand... 1360 is not far away now

--------------------------------------------
QUOTE]Quote from elovemer:
market is falling apart !!!!
run for the hills
[/QUOTE]
 
Back
Top