Ewj: elliott wave

If it gets to 1064 (wave 4) i'm going short (wave 5 of (3) )

 

Same story for AEX Amsterdam.

Expecting a spike on the news up to 316.9 => Short

Might never get there, but looks like a nice trading plan for this week

 

Fifth subwave of c or 3 .
Red lines are SELL Signals.
Blue lines are BUY Signals (intraday only).

 

Well...moment of truth for AEX Amsterdam.

All this crazy action today got the market straight on 316.9
(That's the low of wave 1)

Very tempting to got short here and catch wave 5... but i'll wait until monday...

 

The red lines were good SELL Signals .
The blue line was a BULL Trap .
Our small 5-waves was a wave five failure.
Yesterday low may be Wave 2]c)3.1 instead of Wave 2]c)3.5 .
Today looks like an Ending Diagonal to me .
There may be three more 5-waves DOWN ,
unless the second (reverse) Head and Shoulders comes into play.

 

Fridays frenzy looks like short covering(including me ) which resulted in Mu's ending diagonal that could be the end of wave(4).

Hourly indicators are overbought and if we project wave(1) from here we get a target for wave(5) @1010 which is the bottom of the current channel.

Furthermore there could form a Negative Reversal(RSI) if we use the end of wave(2) and current wave(4) with a target @1008.

Mondays action will provide significant info for the upcomming week.

I'm still not convinced by Uncle Ben with his helicopter...
No doom & gloom, just technical

 

Oops!!! :eek: .
ED works.
There may be another one or three 5-waves DOWN to below July 1's low .

 

Five waves DOWN, three waves UP.
There may be another 5-waves DOWN.

 

Loads of support @ 1040.
The market seems to like the 1040 - 1065 range.

A breakout will probably be big.

 

Suprise!!! .
Reverse Head and Shoulders comes into play.
Rebound from Triple Bottom.
RSI and MACD curves UP.
50-DMA and 100-DMA are resistances.