MaximGrigorev

MaximGrigorev

Wave (A) was completed on November 8th, 2016. And I admit the thought that today we do not see the completed version of wave (B). In any case, after the completion of wave (B), we will see the development of wave (C) of the tapering triangle (4). In wave (C) the market will fall.

MaximGrigorev

11 hours 15 minutes November 1,st I made a second attempt to open a long position.

MaximGrigorev

11 hours 15 minutes November 1,st I made a second attempt to open a long position.

MaximGrigorev

The support line slowed the process and limited the development of the wave (A).

MaximGrigorev

It looks like a tapering triangle. I think it's pretty clear that the red grid will not be able to help us. Okay, I'm removing the red Fibonacci grid. Perhaps the levels of waves (3) and (A) will be related by Fibonacci. Let's use the level of wave (3) as a basis for measuring the value of a possible reduction. I paint blue grid on the chart. Since it is difficult...

MaximGrigorev

Wave A is compressed. Triangle 4 is pulled to the top.

MaximGrigorev

We shift an open position from contract ESU2016 into contract ESZ2016.I'm closing a short position by contract ESU2016 and opening a short position by contract ESZ 2016.I have been forced to take this action, because the validity of the futures contract expires.Now here comes the process of forming a tapering triangle 4. Unfortunately, it has a more durable...

MaximGrigorev

I think it's pretty clear that the Green Grid will not be able to help us. If we remove the green grid, we will use red. Watch what happens when we change Fibonacci grid.The probable level of wave (A) is growing.And one more thing that can help us. Why not draw support line on the chart?In place of touch support line, we have a high probability of a rebound....

MaximGrigorev

You and I are trying to determine the possible level of the wave. Perhaps, wave 5 will be connected with wave (A) with the ratio of 1.618. Most likely, we will see the reflection of the wave (A) from the green grid. But I have a red grid too. You can see the difference between them.Because I remember the determination the top of wave(3) was a very difficult task....

MaximGrigorev

According to my observations, all the movements in the stock market consist of five or three waves. I think wave 5 (in a circle) will consist of five waves. Now turn your attention to this chart. It consists of three waves. Waves (1) and (3) are trends. Wave (2) is an expanding triangle. I guess that wave (3) has been completed and we are already in the tapering...

MaximGrigorev

short

MaximGrigorev

The movement from June 26th till August 10th is a wave (3). It must be consist of five waves. Waves 1, 2 and 3 are seen clearly. Wave 2 is a tapering triangle. Wave 4 is an expanding triangle. And I admit the thought that today we do not see the completed version of wave (3). In any case, after the completion of wave (3), we will see the development of wave (A)...

MaximGrigorev

It will be a tapering triangle (4).

MaximGrigorev

Today we delete the symbol (5) and draw on the chart number (1). The description of this wave is done properly,but I guess it has a lesser degree. Here and below the marking of waves done according to classification of offers by Mr. Prechter(“Elliott Wave Principle: Key to Market Behavior” page 27).Also, we delete the symbols (1), (2), (3) and (4) and draw on the...

MaximGrigorev

I'm looking for wave of number five. The trend is always consists of five waves. On the chart at this place should be the last wave.

MaximGrigorev

Go long.

MaximGrigorev

But perhaps the wave (C) will be a zigzag. Perhaps it will be a consequence of a very rapid decline in the part 1 of the wave (C).

MaximGrigorev

Today, we make a choice. In the previous publication I told you about the two versions of events. I remind you. The first version of events. Wave (A) was completed on 19th May 2016 and the wave (B) has been completed, too. Today we are witnessing the development of wave (C). A second version of events. Expanding Triangle 4 was completed on June 8th, 2016, and...