Ewj: elliott wave

Gold $1057 .
Inching UP towards target .

 

Another push .
The third subwave of the second 5-waves series.
There may be another push to 1090 .

 

Gold $1058 new high again .
Inching UP .

 

dont like the gap, don't like the RSI.

subwave 2 sideways until indicators cool down?

 

Nice ABC as (3)2 and a fine start of (3)3.

 

We should still be stuck in a fourth wave correction....

I'm long ES for a small scalp....just to keep me awake!

SPX 60min

Edit 12.26pm:
Stopped out for a really miniscule 0.25 point profit! That was really tiny....

Have a good weekend folks!

 

Hey Ed,

I would tend to agree.
Could have been a (b) wave of a Minor 4 triangle.

Have a great Weekend!

 

UP and new high as expected .
This should be Wave 3)5.3:5 which can end anywhere from 1074 - 1088 .

 

S&P500 Weekly chart.

Looking for the end of wave (4) and a truncated (5).

"Truncation often occurs following a particularly strong third wave"

(4)C5 should go at least to the top of the channel @ 1100

 

hi, MitchWorse/everybody..
if we read elliott's guidelines, like that you've posted, i also remember that 4 wave not often looks like a ZZ, that appears preferibly in 2,A,X,Z,B......etc...
Reading John Gambino( do you know him?), we heard he's talking about a motive wave from march-


but in long time we all are not able ( keynes said :dead)