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Elliott Wave Theory and Patterns
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Elliott Wave Theory and Patterns

  #31 (permalink)
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Wave v of 5 got truncated and we seem to have started a correction. Anticipate it touch 1066 zone in due time.
Change in the wave count is that wave v of 5 started where I was still thinking it wave iv correction of wave 5.

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Elliott Wave Theory and Patterns-es-09-10-30-min-7_15_2010.png  
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  #32 (permalink)
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How did you get that value? My target is at 1066.25 - my proprietary indicator.


aviat72 View Post
Wave v of 5 got truncated and we seem to have started a correction. Anticipate it touch 1066 zone in due time.
Change in the wave count is that wave v of 5 started where I was still thinking it wave iv correction of wave 5.


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  #33 (permalink)
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We overshot a bit. This turned out to be an impulsive move down. So far the overnight action suggests that wave 4 type consolidation. However given this schizo market I will not be surprised to see a leg up! After all, you do not expect an impulsive wave down after such a powerful move up.

On a different note, I discovered a new trading platform which has built in support for EW drawing. It has all the rules in place and warns you. Right now it is under a free trial-beta period.
MotiveWave: Stocks, Futures, Options and Forex Trading/Analysis Platform

I am attaching a chart of the ES wave count. Euro too is in an interesting place, Wave 5 of 5. Let us see if it can form an ending diagonal. Ashraf is looking or 1.0303.

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  #34 (permalink)
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Andy, my heart is a tear.. Let's Skype Again... all you reading this, it's right here... ZTR spoketh the truth right here... Andy, are you gettin a bit sideways, my teacher, I miss you, I love you, ... Thank You Ridin Comets now eh! I'ma butt heads with ya''



ZTR View Post
I can't get yours to fit, here is a schematic.

Super Simple Overview:

Basically, 5 wave patterns are Propagation waves, while 3's are corrections.

Just remember, 3 steps forward and 2 steps back. The end of Wave 1 is usually end of Wave 4.

Waves 1 ,3 and 5 usually made of 5 components, while 2 & 4 are usually 3 component, with one complex and one simple. Declines are the opposite of advances, with 3 downward propagation waves and 2 upward correction waves.

If you read BigMIke's Price Action thread he talks about interpretation. Well it is the same here, there is a lot of interpretation necessary, as well as some mental curve fitting, to make it work.


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  #35 (permalink)
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And I'll say this, if you don't believe, read no further.



syxforex View Post
Andy, my heart is a tear.. Let's Skype Again... all you reading this, it's right here... ZTR spoketh the truth right here... Andy, are you gettin a bit sideways, my teacher, I miss you, I love you, ... Thank You Ridin Comets now eh! I'ma butt heads with ya''


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  #36 (permalink)
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Sometimes you have to say wtf at random shit, like page bullshit... f'EN ZTR get's this. sometimes you are on the edge, sometimes you are not. Most of the time i would say F ' details.. 12..34..1 haha. Andy, riding the east star right around the egdge... peace


syxforex View Post
And I'll say this, if you don't believe, read no further.


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  #37 (permalink)
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And I would just say this one thing, like, when you find out you had black eyes when you really had white eyes when you are least expecting it, ride that wave, do you know waves..hahah. oh, lol,, wave.. sorry folks, i'm drunk on California grapes now... don't mind ya the BCBUD neither..



syxforex View Post
Sometimes you have to say wtf at random shit, like page bullshit... f'EN ZTR get's this. sometimes you are on the edge, sometimes you are not. Most of the time i would say F ' details.. 12..34..1 haha. Andy, riding the east star right around the egdge... peace


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  #38 (permalink)
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I might also say, get off my wave... ok, I mean that, do not step on my wave cos I own it, get it.. .. keep your head over the wave and under the trench.. .. . . .



syxforex View Post
And I would just say this one thing, like, when you find out you had black eyes when you really had white eyes when you are least expecting it, ride that wave, do you know waves..hahah. oh, lol,, wave.. sorry folks, i'm drunk on California grapes now... don't mind ya the BCBUD neither..


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  #39 (permalink)
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Y'ALL just stay off my wave you hear... This is BC Country.


syxforex View Post
I might also say, get off my wave... ok, I mean that, do not step on my wave cos I own it, get it.. .. keep your head over the wave and under the trench.. .. . . .


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  #40 (permalink)
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How to detect Elliot Waves


I'll have a few bottles of wine this evening, maybe this will help me to understand Elliot Waves.

I am quite sure that it will work and I'll be seeing waves everywhere.

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