Elliott Wave Counting with EG

Patience would payout in the end. but stay away from HOPE.

it never works.

Target 1.4336 says the AP-EWA taht is towarsd the 61.8% retrace.

Covered that short too early. now nursing a counter trade. eventually I would have to decide which one and at what point to give up either of these.

EG

Non Farm employment is worse than forecast....lets see how this plays out.
H4 stoch and MACD still up potential.

temporary set back for the Cable Bulls.

Unless 1.4109 is taken out as that is retracing w1 up by more than 100%

EG

Finally out of that short at a small profit missing still some of the move.

Time to nurse the Long now.

EWA-AP target of 1.4336 attained although as internal waves developed, target revised to 1.4326 which it again attained.

Cable may now be topping the end of a wave C which could be an ending Diagonal Triangle @1.4423.

I would be watching its dip towards possible retracement of Wave 1.

38.2 1.4308
50.0 1.4270
61.8 1.4231


FIB Extention Tool projects
FE 100 1.4314
FE 161.8 1.4246

EG

whats the insight for cable now? Im still holding my short from 1.4336.

No topping then for Cable Yet.

The way I see it now is that Cable is really in the wave 3 with the extentions in it. So I would not expect too many deep retracements.

I am attaching charts a series of charts to succeeding posts. I just drew the zigzags on it to insinuate possible wave subdivisions. I tried differentiating wave degrees by using different colors. So I hope someone here will be able to make use of it,

No time for clean labelled charts.

We need to train our eyes to spot 5 waves structures and 3 wave structures.

Internal counts of some corrective waves are not in their normal or standard forms. there were exceptions and rule bendings applied to it based on the original guidelines.

I am using a differnet system which I am still testing if it does help identify wave change even if it does not wholly apply the original guidelines.

EG

4hr and 1hr

30min and 15min

15min Cable

5min Cable

Wave B came out pretty much as expected.

R

update on the 5min

could be a barrier triangle waiting for Price to Breakout to the UPSIDE

EG

Scrap possibility of the Barrier triangle.

Price has pierced the Daily downline Resistance Trendline

Let us see if it continues or drops back down below that Resistance trendline.

EG

My Cable thoughts for today

I hope you all had a GREAT Harvest from Yesterday's Great Wave 3 move.


EG

some more

maybe finally....

ok guys.... let us have your thoughts in here too.


How does one trade a possible ending Diagonal Triangle?

EG

working on other possibilities...


revising the wave counts on the 5min and 15min chart.

I have isolated the one I have marked with vertical lines in green now.

after further analyzingthat potential ending diagonal triangle..... the is another possible wave count there.

I am not using letters and numbers but...vertical lines...

if you want to nderstand this , you will have to do your own homework . Labelling with numbers and letters takes so much time as i also want them serialized or color coded.

But using vertical lines even if colore coded has helped speed up things for me.


EG