Ewj: elliott wave

Back from my BGI jollies

One for triangle counters..

Today and Tomorrow gets a lot of Fib time hits, 144,89 & 55 are the stand out ones plus a host of lesser ones...

 

Here's a different view on a triangle count...

Everyone lookings at the "standard" triangle pattern, so thats always a good time to look at other options...

This patten crops up a lot on the lower time frames...

 

Short "Long position" closed at 2/3 measured move when there was a lower low. Prepare to enter short "Long position" again when there is a higher high or close long "Long position" when there is a lower low.

 

Big "M" vs small "w" pattern. To buy or sell?

 

My trade setup... Buy stop at 1421, protective stop at 1414. Long term I am still bearish... lets see how this short term trade works out.

 

Short "Long position" entered. Set stop at the last low. Set target at measured move.

 

Small "w" pattern completed. Wait for reversed "sHs" pattern.

 

Prepare to reverse short term position. Set target at measured move, 100, 10, 20 downward.

 

Short term position reversed. Prepare to close long "Long position".

 

My trade setup update... long at 1421, stopped out at 1415. Looking for a tradeable bottom manana!