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Coreg's EW+HP+D/W Range

  • #521
  • Aug 18, 2024 1:50pm Aug 18, 2024 1:50pm
Quoting rehmatkhan00
{quote} On 4hr timeframe, it looks like that it may stop and do correction after hitting 0.786 or 0.886( Bearish Bat Completion Point). {image}
rehmatkhan, that's correct. This should be scenario #1 because it can appear as a first pattern. Swing BC' should have 5 fractals on smaller TF (30N or 1H). Now if this scenario plays out, we need to be ready for the next possible scenario. Down to where?... And so on...According to the guidelines potential wave C should be completed by Aug. 20 at 4 pm NY time.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.16 4HEOD.png Size: 31 KB

Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #522
  • Aug 19, 2024 12:37am Aug 19, 2024 12:37am
Quoting Coreg2004
{quote} rehmatkhan, that's correct. This should be scenario #1 because it can appear as a first pattern. Swing BC' should have 5 fractals on smaller TF (30N or 1H). Now if this scenario plays out, we need to be ready for the next possible scenario. Down to where?... And so on...According to the guidelines potential wave C should be completed by Aug. 20 at 4 pm NY time. {image} {image}
yes absolutely and if we multiply ab with 0.786 then cd ends at around 1.2963 which is also 0.786 correction of xa.
Attached Image (click to enlarge)
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  • #523
  • Aug 19, 2024 12:47am Aug 19, 2024 12:47am
A possible Alternate Bat Pattern.
Attached Image (click to enlarge)
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  • #524
  • Aug 19, 2024 7:23am Aug 19, 2024 7:23am
Quoting Coreg2004
{quote} rehmatkhan, that's correct. This should be scenario #1 because it can appear as a first pattern. Swing BC' should have 5 fractals on smaller TF (30N or 1H). Now if this scenario plays out, we need to be ready for the next possible scenario. Down to where?... And so on...According to the guidelines potential wave C should be completed by Aug. 20 at 4 pm NY time. {image} {image}
Decision time. Are we done with wave C or one more push to the upside is still in the cards?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.19 30M.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #525
  • Aug 19, 2024 7:32am Aug 19, 2024 7:32am
Quoting Coreg2004
{quote} Decision time. Are we done with wave C or one more push to the upside is still in the cards? {image}
it’s highly likely that the fractals in the wave have been finished.
  • #526
  • Aug 19, 2024 7:39am Aug 19, 2024 7:39am
Quoting Coreg2004
{quote} Decision time. Are we done with wave C or one more push to the upside is still in the cards? {image}
According to guidelines from EWP, it can either correct itself to 0.382 which is near to the top of subwave iii or it can correct itself to 0.618 which is near to the top of subwave i.
Attached Image (click to enlarge)
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  • #527
  • Aug 19, 2024 7:50am Aug 19, 2024 7:50am
Quoting Coreg2004
{quote} Decision time. Are we done with wave C or one more push to the upside is still in the cards? {image}
to me, the upside is done
Intraday only.
  • #528
  • Aug 19, 2024 8:00am Aug 19, 2024 8:00am
@coreg2004 please can you share EU that how deep it can correct itself if it starts correction?
  • #529
  • Aug 19, 2024 9:56am Aug 19, 2024 9:56am
Quoting navk
{quote} to me, the upside is done
Quoting rehmatkhan00
{quote} On 4hr timeframe, it looks like that it may stop and do correction after hitting 0.786 or 0.886( Bearish Bat Completion Point). {image}
rehmatkhan, that's correct. This should be scenario #1 because it can appear as a first pattern. Swing BC' should have 5 fractals on smaller TF (30N or 1H). Now if this scenario plays out, we need to be ready for the next possible scenario. Down to where?... And so on...According to the guidelines potential wave C should be completed by Aug. 20 at 4 pm NY time
navk, there is always something brewing behind the scenes.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.19 4H.png Size: 39 KB
Always trade your own plan...I don't provide trading signals.
  • #530
  • Aug 19, 2024 10:00am Aug 19, 2024 10:00am
Quoting Coreg2004
{quote} {quote} rehmatkhan, that's correct. This should be scenario #1 because it can appear as a first pattern. Swing BC' should have 5 fractals on smaller TF (30N or 1H). Now if this scenario plays out, we need to be ready for the next possible scenario. Down to where?... And so on...According to the guidelines potential wave C should be completed by Aug. 20 at 4 pm NY time navk, there is always something brewing behind the scenes. {image}
shorted 2995.

I am prepared for another 10 to 15 pips up
Intraday only.
  • #531
  • Aug 19, 2024 10:42am Aug 19, 2024 10:42am
Quoting navk
{quote} shorted 2995. I am prepared for another 10 to 15 pips up
navk, breakout, pullback, continuation...GU needs to drop below 1.2975 and stay there so short trades would have the chance to deliver.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.19 15M.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #532
  • Aug 19, 2024 11:04am Aug 19, 2024 11:04am
Quoting Coreg2004
{quote} navk, breakout, pullback, continuation...GU needs to drop below 1.2975 and stay there so short trades would have the chance to deliver. {image}
coreg the tradingfive web is not working anymore?
  • #533
  • Aug 19, 2024 2:02pm Aug 19, 2024 2:02pm
Quoting Whale
{quote} coreg the tradingfive web is not working anymore?
Whale, the setup on 4H and 30M is still valid. We only don't know how swing 4-5 unfolds.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.19 15Mb.png Size: 48 KB

The trigger chart 3M showed the end of the move-wave 5. If it doesn't stop it means my labeling on 30M TF is incorrect.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.19 3M.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #534
  • Aug 19, 2024 2:06pm Aug 19, 2024 2:06pm
Quoting Coreg2004
{quote} Whale, the setup on 4H and 30M is still valid. We only don't know how swing 4-5 unfolds. {image}
I asked about the rules table on the website
https://tradingfives.com/tag/elliott-wave/


edit, never mind, found it.
  • #535
  • Aug 19, 2024 2:22pm Aug 19, 2024 2:22pm
Quoting Whale
{quote} I asked about the rules table on the website https://tradingfives.com/tag/elliott-wave/ edit, never mind, found it.
Whale, use this link
https://tradingfives.com/elliott-wav...rn-guidelines/
or pdf format from page 1 of this thread.
Always trade your own plan...I don't provide trading signals.
  • #536
  • Aug 20, 2024 7:16am Aug 20, 2024 7:16am
Quoting Coreg2004
{quote} navk, breakout, pullback, continuation...GU needs to drop below 1.2975 and stay there so short trades would have the chance to deliver. {image}
One big mess. There is no indication of short selling.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.20 30M.png Size: 50 KB
Always trade your own plan...I don't provide trading signals.
  • #537
  • Aug 20, 2024 7:32am Aug 20, 2024 7:32am
Quoting Coreg2004
{quote} rehmatkhan, don't think like that. You know we had 2 scenarios to play. I took a short b/c at 8 pm NY time I saw the dollar chart and decided to play the second leg in AB=CD pattern for EU (GU was a better choice but I didn't want to be in 2 trades overnight). This time the market cooperated with my choice. {image}
Quoting Coreg2004
{quote} Power of harmonic patterns and EWP to predict future moves in price and time ($ chart). {image}
The Dollar chart shows no end of selling yet.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY 08.20 D.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #538
  • Aug 20, 2024 8:00am Aug 20, 2024 8:00am
Quoting Coreg2004
Gold is still making the last section of the pattern (that's what I think). I've marked the swing 4-5 as an ending diagonal abcde. After wave 5 is in place, the targets are marked by a cyan ellipse. The minimum timing for the drop as of today is Sep. 12. The standard zone for the end of wave (v) is @2509-2519 {image} {image}
updated Gold chart...the end of wave (v) is still in the making,
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 08.20 D.png Size: 39 KB
Always trade your own plan...I don't provide trading signals.
  • #539
  • Aug 20, 2024 8:05am Aug 20, 2024 8:05am
and finally my 3rd instrument I trade -micro S&P futures. Potential bearish bat pattern forming.
Attached Image (click to enlarge)
Click to Enlarge Name: MES SEP24 (Daily) 2024_08_20 (9_01_59 AM).png Size: 78 KB
Always trade your own plan...I don't provide trading signals.
  • #540
  • Edited 8:53am Aug 20, 2024 8:36am | Edited 8:53am
Quoting Coreg2004
and finally my 3rd instrument I trade -micro S&P futures. Potential bearish bat pattern forming. {image}
I suppose we are in wave B,
US500

Attached Image (click to enlarge)
Click to Enlarge Name: SPX500_2024-08-20_17-34-55.png Size: 66 KB


Waiting for external MSS before going short, to reduce the percentage of losing trades.
The wave B was a bit longer than i thought.

EDIT: Had to re-add lower tf counting (was messy when zoom out)
US500 2hr FVG-Inversion
Attached Image (click to enlarge)
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More time in the market, does not mean you trade better!
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