I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month
I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got:
1 Primary wave:
Begin 666.8$ ending 1363.6$
1363.6 - 666.8 = 696.8$ Total
696.8 / 666.8 = 104.4% Total
In EURO (FX:EURUSD) we had a clear 5 wave rise in wave 1 and a FLAT correction (A (3 waves), B (3 waves) and today C (5 waves) to complete Wave 2 today.
Wave 3 up should be next to 1.618 or 2.618 projection of wave 1 from bottom of wave 2 today.
For longer term picture of previous post predicting coming rise see the link below.
Elliott Wave View in Bausch Health (BHC) suggests the rally from June 4 low (20.28) unfolded as a 5 waves impulse Elliott Wave structure. Up from 20.28, wave (1) ended at 21.9 and wave (2) pullback ended at 20.8. The stock then resumes the rally higher in wave (3) towards 25.85, and wave (4) pullback ended at 24.61. Finally, the stock ended wave (5) of ((1)) at...
This brief projection is based on a full study of the current Intermediate Wave 1 I am tracking for the S&P 500 index. We will see upward movement to begin the week with a top in the afternoon on July 2, 2019. We will likely drop 5-10 points into the close on this day.
The light blue numbers with parentheses around them represent each wave's end point for the...
I have classified the current downturn as a Primary wave 2. This should be an ABC corrective wave. These waves last half the length of time that Primary wave 1 did. All my acquired data dates back to 1932 where I believe our current market Grand Supercycle run began.
Based on primary wave 1 lasting 86 days, wave 2 could last around 43 trading days from May 1,...
just practicing showing yall my train of thought (theres not much really aha). again, monkey see monkey do. i have been reading more and learned about types of corrections, what to look for, truncation....need help understanding combinations. im sure i overlooked some here. Send your feedback. PEACE.
messing around with elliot waves. just doing what ive seen ya know. monkey see monkey do. Give me some feedback if you consider yourself an elliot wave specialist. any tips/rules/axioms to follow/look for.
The recent low of 3122.28 was the end of our major retracement "C" wave from the ATH . We shouldn't see lows below this. If we do, then this changes the major trend for Bitcoin , turning A-B-C into I-II-III of a 5-wave sequence down.
A breakout above 5774.72 will confirm bullish strength and the current bullish trend, further validating this wave count.
Fundamental point of view there are some important news about #Brexit will be decided by the House of Commons, so there is volatility with Cable to expect.
Technical point of view any further move downside can lead he price action to a lower zone at around 1.31000 as support in the short term.
I prefer to short GBP/USD on rally fo...
March 4, 2019 saw an engulfing pattern in the candlestick chart for the S&P 500. Engulfing patterns are not rare, but one that engulfs the the price range for the prior 6 trading sessions is something to understand. I went back and found this same event (engulfing a minimum of 6 prior trading sessions) has occurred in the market only 15 times in the last 40 years....
I have marked roughly were I believe today's market is in relation to the 'Great Financial Crisis of 2008'.
Each chart depicts:
A blue star for a top in the market
Followed by a low - marked with the number 1
Followed by the final market top - marked with the number 2
Followed by the first bottom of declines - marked with the number 3
And today's current...
I wrote about the coming Quad Top resistance point a few days ago (linked to this Idea). I said it would present itself within the next few days and it has done so today. The question is what will occur over the next few days? We have also hit the 200 day SMA again (we bounced off it a week ago). Will we push higher through this too.
As my previous idea stated....
There have been 5 occurrences of quad tops in the S&P 500 since 2000. Each top bounced off a resistance trend line four times. The fourth bounce resulted in steep declines for the index. The index is about to test this theory within the next 3-7 trading days as it nears the trend line on the chart above. Could it be a coincidence? Sure, but what is keeping this...
As we continue the declines from the top (2490.91 on September 21, 2018), we are ready to test and re-take the Christmas Eve lows. This market is the in the earliest stages of the meltdown. TV pundits keep telling you to "buy this dip," but don't be caught off guard.
Based on the moves in our current intermediate wave down, we will see within a few days if wave 4...
USDZAR is correction the impulsive leg down as flat type structure. C leg is still remaining to complete the structure in the B wave of the larger ABC correction.
Watch this correction to breakout for long trade to test the top.
The drop today was expected. We have just started minute wave 3. We will take out the recent top and most likely see our next reversal between 2830-2870 over the next 2-4 trading days. Check out all in-depth analysis on my site. Still looking for market top by mid-November above 2950-3000. The wild ride is not over yet.
I saw the drop that just happened prior to it occurring. I did not see it dropping so quickly and well beyond typical intermediate wave 4s. With this most recent retracement covering 92% of all of wave 3's gains, it is time for the final uptrend to begin. Intermediate wave 3 took over 50 days to gain what intermediate wave 4 nearly lost in 14. My final analysis...
Intermediate wave 3 has lasted 67 trading days, but the latest bull run appears ready for a break. I have conducted derivative analysis on all of the movement in this super cycle wave 3 to identify where the next bottom will occur. It appears set to occur by October 24, 2018. The following are potential turning points for this bottom.
I have bolded the most...