jack_denaut
Short

Markets Crash on Apple Earnings Miss November 1st, 2018

NASDAQ:QQQ   INVESCO QQQ TRUST QQQ USD DIS
-40% downside. Good Luck
Comment: Statistics for Elliot Wave 4. Wave is related to Wave 3 by one of the following:

Wave 4 = either 24% of wave 3
or 38% of wave 3
or 50% of wave 3

The 24% and 38% are the most common.
Retrace 24-30% of wave 3 only 15% of the time
Retrace between 30-50% of Wave 3 60% of the time
Retrace between 50%-62% of wave 3 15% of the time
Retrace more than 62% of Wave 3 10% of the time
Comment: scary accurate.
You might be better served with log fib extensions on some of these markets..
Reply
@Astatine, Thats exactly what I used.
Reply
jack_denaut jack_denaut
@jack_denaut, putting it into a 12M interval shows you the wave count loud and clear. we are ending sub-wave 3 here
+1 Reply
Astatine jack_denaut
@jack_denaut, Interesting -- I like this. Thanks a lot mate
Reply
@Astatine, of course
Reply
@Astatine, also, log vs linear chart is just a preference. doesn't matter which one you choose.
Reply
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