TAS
Long

S&P 500 ending wave 4

FX:SPX500   S&P 500 index of US listed shares
158 8 6
S&P 500             ending wave 4, small wave 5 to come
So far so good, looks like the count is right, for the last week price bouncing up the trendline.
Reply
So far SP bouncing up my trendline and using it as support.
Reply
wave 4 cannot overlap wave 1. This count doesn't work.
Reply
TAS RobbMatthew
Wave 4 can overlap wave 1 on ending diagonals. And also, wave theory was developed in the 30's, where there was no 4H chart, so wave 4 cannot overlap wave 1 on the daily chart. we'll see in the next few weeks
Reply
TAS TAS
The most important thing is to understand wave theory, not to follow it completly. It was never finished, Elliott died before that. So you need to adapt it as with your understanding of mass psychology, and that hasn't changed.
Reply
BZUN worked through some big selling the last 2 days. Might be of interest to you.
Reply
TAS Rob Wallace Williams
Hi Rob, I trade mostly Forex, sometimes Gold. DXI, Gold, and S&P help me get an overview on the Forex Market. Thanks for the recommendation.
Reply
I have almost no understanding of Elliot wave so will take your word for it. I am long CUDA (up coming earnings Oct. 11), AAOI, and BZUN. They should all benefit. Did well this week too.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out