Ewj: elliott wave

5 Min ES

Feels like were in a B wave of a Flat pattern. They could be mischievous with an Exp Pattern but for now I just labeled the classic higher fibs

 

Position reversed again. Set stop at the last high.
What a choppy session.

 

Position reversed.
All short positions closed.

 

Think off all the Stops and limit orders they would like to pop just above yesterdays high which was the larger 38.2% fib before taking it back down for a better price later on..

Much Above the 123.6% ext (1478-9 area) kills the Exp Flat...(With some sort of 5th wave in play)... At the Moment the players will short the Measured move Point with Stop and Reverse just above the 123.6%.

 

Prepare to open short position if there is a lower low.

 

Short position re-entered. Again!
Prepare for whipsaws.

 

Prepare to close long position.

 

Long position closed.

 

Prepare to take profit on the short "Short position".

 

Short position closed when there is a higher high at 2/3 target -150, -15, -30.

Bravo! Mup got the high 1475. Landis got the low 1405.
I got whipsaws.

Edit.
Long position also entered.