Ewj: elliott wave

Next down move will complete 400,40,80 points journey.
Prepare to cover short when there is a higher high and open long position.

 

Short position closed, long position opened.

 

Re-enter short position. Set stop at the last high.
Prepare to close long position at the last low.

 

Long position closed. Try to re-open long position when there is a higher high.

 

Cover short here at measured move.

 

Prepare to enter long position when there is a higher high. Set stop at the last low.

 

Long position entered. Set stop at the last low.
If stop out, wait for another higher high to re-enter.

 

The Market is going to shoot up soon. Looking for a shorting opportunity again at measured move.

 

Prepare to short sell if there is a lower low. Target 160, 16, 32 points.

 

Short re-entered. Set stop at the last high. Target as above.