SPX fell as low as 1770.45 then rebounded.
May be forming Right Shoulder to as high as 1813 then fall again.
May be forming Right Shoulder to as high as 1813 then fall again.
Ewj: elliott wave
- Thread starter mu200411
- Start date
NASDAQ broke Ascending Wedge supporting trend-line, previous low and MA(50) to as low as 4044.76 then rebound.
May fall again soon.
May fall again soon.
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INDU dropped 1,232 points since the beginning of 2014 as impulsive 5 waves.
This may be the beginning of Cycle Wave E of Super-cycle Wave IV).
MA(200) and supporting trend-line broken.
There may be some rebound before going DOWN to next support at 14,719 low.
This may be the beginning of Cycle Wave E of Super-cycle Wave IV).
MA(200) and supporting trend-line broken.
There may be some rebound before going DOWN to next support at 14,719 low.
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NASDAQ fell 257 points in 32 days.
May be the beginning of Super-cycle Wave IV).
Supports may be 3979 or 3855 and 3738@MA(200).
May be the beginning of Super-cycle Wave IV).
Supports may be 3979 or 3855 and 3738@MA(200).
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SPX fell 111 points in January + Feb 3.
Head and Shoulders pattern target may be 1,707@MA(200).
This may be the beginning of Cycle Wave C of Super-cycle Wave IV).
Head and Shoulders pattern target may be 1,707@MA(200).
This may be the beginning of Cycle Wave C of Super-cycle Wave IV).
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INDU rebounded as expected from 5-waves DOWN.
This may be wave 2 which usually ends near wave .4 .
There may be wave 3 to 14,719 .
This may be wave 2 which usually ends near wave .4 .
There may be wave 3 to 14,719 .
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NASDAQ is easier counted as 3 waves DOWN than 5 waves DOWN.
Now at hourly MA(200) resistance and wave .b or wave .4 .
Next may be Double Zigzag DOWN or reverse Head and Shoulders pattern UP.
Now at hourly MA(200) resistance and wave .b or wave .4 .
Next may be Double Zigzag DOWN or reverse Head and Shoulders pattern UP.
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So it was 3 waves DOWN.
Now is 5 waves UP or 7 waves UP.
For 5 waves UP there may be a return to 4250.
For 7 waves UP there may be a shoot UP to 4600.
Now is 5 waves UP or 7 waves UP.
For 5 waves UP there may be a return to 4250.
For 7 waves UP there may be a shoot UP to 4600.
Five waves DOWN may be c.5.
Now may be 5 or 7 waves.
For 7 waves, there may be shoot UP to 1960.
For 5 waves, there may be a set back to 1835.
Now may be 5 or 7 waves.
For 7 waves, there may be shoot UP to 1960.
For 5 waves, there may be a set back to 1835.