Ewj: elliott wave

Crude Oil:
Is this an ED ?
If yes, Wave 5)3 may begin soon .

 

Crude Oil at measured move now .
Going DOWN soon .

 

SPX:
5 waves DOWN, 3 waves UP.
May be Wave V]IV)C3]3)1 and 2.
Wave V]IV)C3]3)2.c:5 may end at
50% retracement = 1165, or
measured move = 1172, or
61.8% retracement = 1177 .

 

Crude Oil rebounded beyond measured move.
May be still in Wave Cc]4) which should not go above $90.
Wave Cc]4) may be a triangular correction.
Minute chart is going DOWN.
May be Wave Cc]5)3)3.1:3 .

 

Gold fell from just above measured move ,
And rebound from just above previous high .
May be going UP as Wave 5]5)5.5:5 to $2000 ,
or may be not .

 

Silver began to fall from "W" pattern target .
May go DOWN to $26 :eek: .

 

Gold falls $140 :eek: .
Wave :4 invades Wave :1, may be not Wave :4,
So there may be no wave five .
Gold @ measured move, there should be some rebound soon.

 

Gold rebounded as expected but weakly .
May be Intermediate Wave 4) of Primay Wave a] of Cycle Wave IV as happened in Silver :eek: .
Wave IVa]5) may end near measured move at $1680 or near Wave III5]5)5.4 at $1720 .
Rebound may meet resistance at $1820 and $1720.
Wave IV can go DOWN to $1050 or $1300 or $1450 .
If there are some Gold's Bulls left, there is a small chance that Gold can go UP to $2000 .

 

Silver came DOWN as expected ,
with unexpected speed 10% in 3000 minutes .

 

Triangles everywhere .
"Triangles, by far, most commonly occur as fourth waves. One can sometimes see a triangle as the Wave B of a three-wave correction. Triangles are very tricky and confusing. One must study the pattern very carefully prior to taking action. Prices tend to shoot out of the triangle formation in a swift thrust.
When triangles occur in the fourth wave, the market thrusts out of the triangle in the same direction as Wave 3. When triangles occur in Wave Bs, the market thrusts out of the triangle in the same direction as the Wave A."
http://www.tradersedgeindia.com/elliott_wave_theory.htm