Ewj: elliott wave

Thanks Mu

Mup's ED wave 5 could still be alive with this pattern being some sort of a-b-c X wave :eek:

 

Prepare to close long position and open short position.

 

Long position closed. Short position opened. Set target at half the rebound. Set stop at the last high.

 

We know now that the Wave into the FED was a C wave as its an ED. So we can bin the 1,2 counts.

Bulls Still have the higher ED to latch on to, and the bears have a few counts to ponder over be it, tiangles X's or B's on the higher daily/ weekly frame

15min ES that shows the ED C nicely..

 

Prepare to reverse position.

 

Prepare to reverse position.

 

Short position closed at the fifth wave.

 

Prepare to re-enter short position or open long position.

 

Short position re-entered. Set stop at the last high.

 

Target reached. Close short position.