mikeoakster

triangle?

TVC:SPX   S&P 500
192 10 4
One more try to count the mess - why didn't RN Elliott determined the "mess" pattern?
Comment: Wave "d" could be done and wave "e" ongoing...

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I was waiting for the wave e upwards as well on the raising (ending) wedge that is most visible on the daily chart. It should only appear in a fifth or C waves, but today it broke at point (d) so I am not sure what we got here now. On the weekly chart it seems quite clear we are in the fifth wave.

Let's figure out the mess pattern guys hehe...suggestions?

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mikeoakster DanielKjoelstad
Who knows this:

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DanielKjoelstad mikeoakster
Yes, or slight mod to the wedge like picture below. But then it looses some of it wedge form though and looks morel like a channel, it's new shape though makes it look like it is actually moment to go to point e. A too sharp wedge . But the new channel Anyway if we reach towards a all time point before election I will close my position and expect a fall.

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mikeoakster DanielKjoelstad
As we're analyzing different instruments, on the one hand, in SPX, my proposed Minor wave 4 haven't entered in Minor 1 wave's territory (at least, not yet...), reason why I draw a channel instead of a wedge for a Minor wave 5's potential target. On the other hand, In ES1!, the overlapping between 4 and 1 has occurred, therefore, at least for now, conditions are different and so has to be the pattern.

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DanielKjoelstad mikeoakster
True they are different instruments, still though the e-mini futures is very liquid and should form the same patterns. Would you mind post a picture of a chart with your Primarily wave count? Your intermediate wave (A) seems to be my 5th primary wave.

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mikeoakster DanielKjoelstad
Sorry for the pessimistic and catastrophic view:

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mikeoakster mikeoakster
Small correction:

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DanielKjoelstad mikeoakster
Woha:s well. let's hope it does not play out this way:p I do pay attention to fundamentals as well of pure interest since I have an MSc in B&E. I just can't imagine the S&P500 falling to such an extreme over the next few years with a stronger US economy which has finally started increasing the interest rate after about a decade without. But anyway no one can say for certain what is going to happen in the future, we can only speculate. Thanks for sharing:)
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hi, to me looks rather like y of d (4) in progress before last shot up

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mikeoakster look4edge
Hello.
Not sure I understand your proposed triangles. Which type of triangle are you considering for the rally since February? Regarding your previous one (wave X in last quarter of 2015), I want to point out that, in combinations, triangles can only appear in the last segment.
Regards.
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