Thread: Elliott Wave Trading Discussion

Possibly wave v of C underway to 1.5800 area. Alternately, wave b of wave 4.

Good Luck

Possibly topping here below 8002.

Good Luck.

My count for S&P futures. This is the current move upwards from the five wave move down.

The five wave down could be a larger wave A of the longer term uptrend. Thoughts are more than welcome.

Thanks.

Originally Posted by fxamro

My count for S&P futures. This is the current move upwards from the five wave move down.

The five wave down could be a larger wave A of the longer term uptrend. Thoughts are more than welcome.

Thanks.

just like my count, same here, one more push up expected and poof, bulls will run
good luck

ps: i suppose "fundamentally" all the hype about greece disappear and bulls run out of steam
bears will take over with news of spain and other parts of Europe needing bill out, market panic again and start to dump risk
aud will be taking a hit as it is a gauge for risk and they will be buying us bonds as safe haven and thus, pushing up usd

can u feel it? the calm before the storm?? .....lol

S&P. Not yet complete.

Crude Oil not yet complete. Must drop below last year low.

maybe complete ... maybe not ... many possibilities - correction of all move from low and new highs, corrction of C wave and new highs

there can be problem with count 5th wave of A from your previous charts as 5w. structure - that's why I propose this count

It more looks like ABCDE because Wave from D to E is overlap seriously and the E maybe 1650 or maybe in this week. 61% of C to D.

JoeyLee

on blue area on rsi I showed you why on daily gold cannot be a triangle

Originally Posted by szaman1977

JoeyLee

on blue area on rsi I showed you why on daily gold cannot be a triangle

Sorry. I do not understand. Triangle in real time may not look so nice if compared to the book. If you switch on the weekly and Monthly. Different RSI again. RSI can be leading or lagging. I avoid it using RSI. I use moving averages to count. Cross the moving average and psychological line then ridding on it where I start to count. My chart has 5 moving averages. SMA and EMA. Psychological line is very important to me rather than using trend line.

the rule is that triangle in price must have confirmation on rsi (there also must be a triangle).

Originally Posted by stanchiam

hammer bear time, let the hammer do the talking
went long and targeting new high
good luck

while bros are having some headache with many possible count
i say let there be light
cheers

ps: warning: even though i am right most of the time, do not listen to me
thanks

stan

how it is with time cycles ? b wave of correction should be about 50% of time of a wave ?

Originally Posted by szaman1977

stan

how it is with time cycles ? b wave of correction should be about 50% of time of a wave ?

i have a set of rules which i follow closely with the combination of holy grail for confirmation
lets get some pop corn and watch the show

Originally Posted by stanchiam

while bros are having some headache with many possible count
i say let there be light
cheers

ps: warning: even though i am right most of the time, do not listen to me
thanks

Well Go Go Bull. Target = 1.09