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| ES E-Mini S&P 500 Index - Daily - Geometry |
A few questions one might ask are these: 1) why are the waves in a fairly exact channel? 2) why is there a FLAT wave (.a, .b, .c) after the apparent diagonal wave a shown? 3) why does the downward wave after wave a retrace only, and actually slightly less than, 23.6%?, 4) how would a 23.6% wave be a second wave at that location? 5) if wave ii of a makes a deep pull-back, why doesn't the wave after b have any sign of a such a deep pull-back?, and 6) are leading diagonals more often a waves or are they 1 waves?
Often times, not always, it is C waves that have little retracement in them at all, and 'take off like a rocket'. The alternate remains i, ii, iii. One can not count waves that are not on the chart, yet.
Have a good weekend, and remain patient and flexible. Let's see if anyone is awake out there in Elliott land. Take care.
TraderJoe
Could you please explain how you see a corrective ABC wave that makes a new all time high?
ReplyDelete'Possibly' as part of a contracting ending diagonal fifth wave. It might be wave (i) of such a wave.
DeleteAh...yes of course! Thank you. The ED would of course have abc zig zags for its sub-waves. It would be a picture perfect conclusion to the rally to see a contracting ED unfold as we know exactly how it will conclude. Thanks again!
DeleteSalut joe
ReplyDeleteBonne année 2018 et beaucoup de réussite dans tes analyses
Tu pense que l'on est
Dans la 5 V.????
joe,
ReplyDeletei agree with your comments - specifically on the "deep pullback - where?". Although, if we are being "objective" and step back - i think we are seeing the similar behavior albeit, on a "bigger" time scale. The price action post Brexit and USA seems to have sealed the terminal pattern of an ending expanding diagonal in place.[see chart example] https://invst.ly/69xqu
I would agree with your example chart, as I have post something similar in here, and on YouTube. Just be careful, because your B does not overlap it's A on all indexes, and needs to in order for B to be corrective to A.
Deletejoe,
ReplyDeleteso, to be honest - i am seeing yet a larger degree version of same terminal ending expanding diagonal pattern as the chart i posted above................[gulp] ....you might want to sit down to see this one joe..... please see chart.............https://invst.ly/69y0y
See comment above.
DeleteJoe, Don't u think (i) and (ii) were d and e of a 4th wave triangle ?
ReplyDeleteNo, because d would be higher than c.
DeleteIf I am not mistaken as per your several previous charts c would be where (0) of labelled wave is. From which it follows 'd' and 'e' were previously labeled at (i) and (ii) respectively. I am aware this may not be the subject of your current post.
DeleteYou come closest to getting the test correct~!
Delete