Ewj: elliott wave

Move stop to measured move level to avoid whipsaws. Prepare to take more loss!

 

New sell signal arrived in time to prevent whipsaw. The last higher high may be a bull trap.

 

Looks like "sHs" and "M&m" patterns.
Ready to go down?

 

Prepare to reverse position at today low, if there is a higher high. If today low is broken, eye for the second target.

 

5 min on the ES gives a clear datum point to work with.

I've done the bear count for now... (Easy to do w-x-y if breaks above the datum point..)

 

Prepare to reverse position when there is a higher high. This may be the fifth wave.

 

Thanks Mup. The Market is accelerating down.

 

-311,-52,-34 now. Near 350,35,70 target. Prepare to reverse position when there is a higher high. Set stop at the last low.
Set target at 100-150,10-15,20-30 points rebound then may reverse position again.

 

As you say its accelerating so we just need to adjust the triangles...

EW kept us on the right side of things again...


Measured Move taken from e gives 1498.75

 

..... mup could you let me know what you think of this nasd chart ?
.... thanks