Ewj: elliott wave

[mu200411]

Indices fall but not yet a crash.
INDU on support trendline and MA(50).
SPX break trendline DOWN.
Head and Shoulders pattern confirmation in TRAN.
Note the very big "M" in SPX.
RSIs should fall to 30% .

 

[mu200411]

MACD and RSI SELL Signals in Gold, Silver, Crude Oil and $XEU.
MACD and RSI BUY Signals in $USD and VIX.
Head and Shoulders pattern confirmation in Gold.
Trendline Break DOWN in Silver, $XEU and Crude Oil; UP in $USD.
MA(50) support in Silver, $XEU.
Gold breaks MA(50) support.
$USD breaks MA(50) resistance.
Note "W" and "M" patterns in $USD, $XEU, Crude Oil and VIX.
The question is "Is this a-b-c or 1-2-3?".

 

[mu200411]

Gold, Silver and $XEU fell as MACD and RSI SELL Signals and sHs and "M" patterns fortold.
$USD up as "W"
Crude Oil down, but may be going UP a measured move to $120. :eek:
VIX new low = 14 .

 

[mu200411]

INDU and SPX show c.5 or 1.5 at measured more c=a or 3 = 1.
If next is Wave 4, it should not fall below 1.
If next is Wave 3) DOWN, it will fall below a.

 

[elovemer]

pullback on hourly chart was most likely not a wave 4 on daily chart
more likely a 50% point of the wave 3 being formed


which corresponds to your 1.4 labelled wave
i would just erase your 1.4 and 1.5 labels ... and label it continuation

 

[mu200411]

AUD/USD Wave III3]3)4 or not?
Now at top of Wave III3]3)I, if fall further = not Wave III3]3)4.

 

[mu200411]

Crude Oil may be going UP again as Wave 5 to $115 or $120.
But wave 5 is treacherous, sometimes it extends, sometimes it fails, sometimes it doesn't show up at all.
Note reverse Head and Shoulders pattern.

 

[mu200411]

EUR/USD may be goind DOWN as Wave 5) to 1.20 or 1.17.
Note Head and Shoulders pattern.

 

[mu200411]

Mr.Market doesn't like to reveal his secrets untill it is too late for most people.
Wave 1-2-3 or Wave a-b-c?
Check the blue line.

 

[mu200411]

The return moves in Gold's, Silver's, $USD's and $XEU's "M", "W" and "sHs" patterns might have ended.
Next may be the continuation of the patterns.