Ewj: elliott wave

Discussion in 'Technical Analysis' started by mu200411, Aug 13, 2007.

  1. There are Candlestick SELL Signals @ resistances.
    Something like Stars in INDU, SPX and NASDAQ near previous low and MA(50).
    Dark Cloud Cover in TRAN.
    All the indices may fall soon.
    Previous MACD BUY Signals are good.
    The rises are not typical 5 waves except for NASDAQ.
     
    #9881     Dec 1, 2012
  2. Bearish Engulfing in Silver's fifth wave. There may be a change of trend.
    No fifth wave in Gold which broke MA(50) and trendline support.
    First RSI SELL Signal in Silver, may needs two more.
    There may be MACD SELL Signals soon.
    Note the "Big M" patterns in Gold and Silver.
    Crude Oil at MA(50) and trendline resistance.
    Head and Shoulders and the reverse patterns in $USD and $XEU.
    $USD has MA(50) and previous top as support.
     
    #9882     Dec 1, 2012
  3. so i guess this is just a Zigzag rather than a 5 waves?

     
    #9883     Dec 3, 2012
  4. Sharehunter,
    You should start with the longest possible chart.
    This may be Cycle Wave I, II and III of EUR/USD.
    Note: FX charts is not good for Elliott Wave count.
    It may take you or other 3 - 5 years before you can be proved wrong.
    When EUR/USD goes above 1.494, the label 'II' will be wrong.
     
    #9884     Dec 6, 2012
  5. EUR/USD went as high as 1.314, near previous top, then fell back as expected.
    If this count is right, EUR/USD should rebound from 1.288 to 1.335.
    When EUR/USD goes below 1.265, this count is wrong.
     
    #9885     Dec 6, 2012
  6. Sharehunter,
    Wave III2]c)1 looks impulsive.
    Wave III2]c)2 should start above 1.288.
    If not, this count is probably wrong.
    You should get the answer whether this count is right or wrong within 1 or 2 days.
     
    #9886     Dec 6, 2012
  7. Sharehunter,
    With 10-minutes chart you may get the answer within 1 or 2 hours.
    Wave 2 looks like a Double Zigzag.
    Second Wave .a should end at 1.296 near Head and Shoulders pattern measured move.

    Within 30 minutes,
    I found that second Wave .a is longer than I've thought.

    My next guess:
    Second Wave .a may end at 1.294.
     
    #9887     Dec 6, 2012
  8. Wave .a ended as expected albeit .001 higher than target because
    Wave .a:5v is a bit shorter than measured move.
    Wave .b:a is a 5-wave, Wave .b:b is a triangle,
    Wave .b:c may end near 1.299.
     
    #9888     Dec 6, 2012
  9. Wave .b:ciii may end at measured move = 1.2975 or higher at 1.618*measured move = 1.2981.
     
    #9889     Dec 6, 2012
  10. When we guessed that Wave 3 will be equal to or longer than Wave 1.
    Mr. Market will make Wave 3 shorter than Wave 1.
    So Wave .b:c is shorter than Wave .b:a = I am wrong.
    But there is second Wave III2]c)2.c as expected.
    This can end here at .382*second Wave III2]c)2.a or
    at 1.289 near .618*second Wave III2]c)2.a or
    at 1.284 where second Wave III2]c)2.c = Wave III2]c)2.a.
     
    #9890     Dec 7, 2012