Ewj: elliott wave

elliot wave & newbie

i cant think of a more tragic combination

 

Position reversed at target 250,25,50 as said. Prepare to reverse again when there is a lower low at target 100,10,20.

 

Target reached and there is a lower low. Close long position, open short position, set stop at the last high.

 

Stop out. Wait for another sell signal. No long position.

 

Wave count a-b-c, lower low, re-enter short position. Set stop at the last high.

 

Head ans Shoulders pattern?

 

Stop out again. Wait to re-enter short at measured move.

 

Could be a flat or triangle Mu ??

 

Yes Mup.
As said before, Subminuette Wave iv should take about one to two day to complete, Subminuette Wave iv may turn out to be a Flat or Irregular Flat Correction, and the last move up may be Microwave iv:ã which should comprise of five waves up to Thursday high.

 

A chart always helps...

61.8% would clear things up a little, as one of the waves of a triangle should have this ratio..