Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label ED. Show all posts
Showing posts with label ED. Show all posts

Thursday, October 10, 2013

Elliott Wave Analysis of ES (short term)

To confirm a low in place, the bulls are going to need to see a strong break above 1668ES, so far the bounce could be considered only a corrective counter trend bounce. ie: a 3 wave bounce.

Its a decent start but to confirm a low we are going to need to see a strong break higher from here and confirm in wave [iii] not in wave [c].

There is a measured target at 1664.50ES.

That would be wave [c] = [a].

A nasty squeeze could really surprise the bears here, with all the end of the world talk, a squeeze above 1668ES will likely make the bears think about covering shorts.

Today's gap up is a good start but the bulls need to deliver now and confirm its now in wave [iii].


The last thing the bears are thinking here is a large gap up and run.

The post below is what i am looking for on the weekly time frame ie "set up of a life time"