Ewj: elliott wave

Just steeping up a degree on the 15mins..

 

Update on NVDA while its quiet

Starting to look interesting for a B wave target area..

Red Line on the chart is the degree datum point .

 

1525.50 is the next Measured Move price point, then its the 50% @ 1226.50..

 

Take your pick of about 5 vaild counts at the moment

I favour the Bullish option however we EW'er have no bias..

 

Thanks Mup.

Status.
Target reached, 13700,1520,2830 (old), 13660, 1517, 2817 (new), but no lower low. Long position was not closed. Short position was not opened.

Scenario 1.
Futures point to a weak open.
Strategy 1.
Close long position and open short position at open. Set stop at the last high.

Scenario 2.
Futures point to a strong open.
Strategy 2.
Stay long. Wait for shorting opportunity.

 

EUR/USD=1.4730, Crude oil = $98, approaching target 1.7 and $108.:eek:

New count Subminuette 4)c.1:3i has ended and is
509.0097, 61.75, 89.6001 point long. If Subminuette iii = i from
13669.4004, 1520.27, 2825.47 may end at
13160.3907, 1458.52, 2735.8699.
Too scarry? Let's set target at - 200 to - 300, -20 to -30, -40 to -60 points.

 

Long position closed and short position opened at open.

 

First small Bull Trap. Keep short position.

 

Short covered. Wait for another sell signal.

 

Reluctantly re-enter short position. Set stop at the last high. Set target at 200-300, 20-30, 40-60 down move.