Ewj: elliott wave

One of the many possible Elliott Wave Counts for EUR/USD.
Don't do trading base on this count.

 

Thanks Mup.

 

Short "Short position" entered again, set stop at the last high. Quit for today if stop out again.

 

My rather busy 60min SPX chart..

If it closes out above the 61.8% on the hourly chart then I' have to amend things as it means I've been counting to slow :eek:

The move down yesterday is labled the A wave, todays move up the B wave , so a C wave should be in order for the (V) ?

 

Short "Short position" stop out (for the Dow). Quit for today.

 

Interesting on The Globex... Measured Move Point @1432 area with the 50%...

 

5 waves up on the INDU could also mean a C wave.. ?

Just something to be aware of untill she' tips her hand..

A scribble on the 60min...

 

Status: Hold long "Short position"
Scenario:
Strategy: Open short "Short position" when there is a lower low.
Open short "Long position" if drop >100,10,20 and there is a higher high.

 

1470 (ES) area is the larger Alt with the 38.2% just above..

Seems that time pressure yesterday did the job for the V wave low..

120min Globex

 

Scenario 2 may be the right one.
Strategy: Try to find an enter point for a long position and exit point for the short position.