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Harmonic Elliott Wave (HEW)

  • #41
  • Dec 7, 2013 9:20pm Dec 7, 2013 9:20pm
Quoting Ian Copsey
{quote} Ah... I hadn't considered that... although frankly the colours are basically irrelevant as I only use them to denote direction so that labelling is easier to decipher. (Blue, green and navy for bullish and brown, purple and cyan for bearish.) The only problem in terms of colours is that sometimes I try and show the lower degree count on the hourly chart and with the limited number of labelling types on TradeStation (ie what's on a keyboard) it does mean that sometimes I come down to the same labelling but in different colours: i ii ... iii......
Thank you. I actually was able to clear a lot of this up by getting a friend of mine to tell me the colors and the differences.


What's interesting about EURUSD (weekly) is that I've been following the same triangle. I thought the last major top before the huge sell off was the first wave down. It seems that you're looking for one more high to finish out this e-wave. Very fascinating. I wonder if our triangle theory will hold up.
  • #42
  • Dec 8, 2013 5:29am Dec 8, 2013 5:29am
Attached Image (click to enlarge)
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  • #43
  • Dec 8, 2013 9:10am Dec 8, 2013 9:10am
Quoting corcodel
{image}
Hi Corodel,

I'm not following gold. But I give it a try to count it.
I think gold is right now in a triangle....the triangle was started with a 3-move.... If I am correct with it then it looks as follow and are we now approaching the E-wave of the triangle... in wave iv

Does my counting make this make sence?

btw: I'm not sure if the flat Fa, Fb, Fc is correct...anyway point c / iii is at the same count if I do the counting at anotherway....
Attached Image (click to enlarge)
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You can manage risk, but you can't manage the return
  • #44
  • Dec 8, 2013 5:29pm Dec 8, 2013 5:29pm
Quoting HappyMe
{quote} Thanks Ian. What the Bold thing concerns.....it's "just" a problem with internet-coding (HTML-language) "[ b ]" (without spaces) is making bold...and "[ i ]" (without spaces) is making cursief... I think it's easier to get another counting....or we have to write it as [ b ] and [ i ] (all with spaces) etc...

happyme, in hew...the first i wave is counted at where 5 segment no overlap or 5-3-5 abc ?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #45
  • Dec 8, 2013 5:57pm Dec 8, 2013 5:57pm
Quoting ud1nh0
{quote} happyme, in hew...the first i wave is counted at where 5 segment no overlap or 5-3-5 abc ?

nvm i got answer from video
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #46
  • Dec 9, 2013 1:42am Dec 9, 2013 1:42am
Quoting ud1nh0
{quote} nvm i got answer from video
Which video?
You think I was right....or where you right?!
You can manage risk, but you can't manage the return
  • #47
  • Dec 9, 2013 1:47am Dec 9, 2013 1:47am
Quoting HappyMe
{quote} Which video? You think I was right....or where you right?!

on the web, the right one is 5-3-5 abc as i
then 3 down as ii
then the next abc as iii and so on
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #48
  • Dec 9, 2013 5:28am Dec 9, 2013 5:28am
Quoting ud1nh0
{quote} on the web, the right one is 5-3-5 abc as i then 3 down as ii then the next abc as iii and so on
On the web you said... well the web is big..... Can you please be a little more specific? Do you have link or so...that would be great!
You can manage risk, but you can't manage the return
  • #49
  • Dec 9, 2013 5:37am Dec 9, 2013 5:37am
Quoting HappyMe
{quote} On the web you said... well the web is big..... Can you please be a little more specific? Do you have link or so...that would be great!

try google harmonic-ewave
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #50
  • Dec 9, 2013 6:08am Dec 9, 2013 6:08am
Quoting ud1nh0
{quote} try google harmonic-ewave

That's very specific.... I give it up
You can manage risk, but you can't manage the return
  • #51
  • Dec 9, 2013 11:34am Dec 9, 2013 11:34am
Quoting HappyMe
{quote} Hi Corodel, I'm not following gold. But I give it a try to count it. I think gold is right now in a triangle....the triangle was started with a 3-move.... If I am correct with it then it looks as follow and are we now approaching the E-wave of the triangle... in wave iv Does my counting make this make sence? btw: I'm not sure if the flat Fa, Fb, Fc is correct...anyway point c / iii is at the same count if I do the counting at anotherway.... {image}
For the "triangle" you have please see: http://harmonicelliottwave.blogspot....rrections.html. You don't get expansions of that size.

Also look at http://harmonicelliottwave.blogspot....ly%20forecasts. However, I am more of the view that we may have seen the final low.
No I haven't got the wave structure wrong! I've corrected it!
  • #52
  • Dec 9, 2013 11:54am Dec 9, 2013 11:54am
Ian!!! I will go with you this time in gold,, I recall your short call around 1650-80 area it drop till 1180. and eur/usd refused to go above 1.3720-30 area!!! too. good. will go long in gold and short in eur/usd for 2-3 week.
don't predict direction, but dance with flow of water
  • #53
  • Dec 9, 2013 4:17pm Dec 9, 2013 4:17pm
Quoting Ian Copsey
{quote} For the "triangle" you have please see: http://harmonicelliottwave.blogspot....rrections.html. You don't get expansions of that size. Also look at http://harmonicelliottwave.blogspot....ly%20forecasts. However, I am more of the view that we may have seen the final low.
Thank you Ian... I can work and learn with that!
You can manage risk, but you can't manage the return
  • #54
  • Jan 28, 2014 7:48am Jan 28, 2014 7:48am
I've been trying to follow the FTSE 100. Corrections are extremely hard to follow. I think we're currently in a wave ii of a final wave c lower. It has been noticeable how deep most of the retracements have been. The wave b retracement from June 2013 has been over 98%, I think the HEW 98.6% retracement was 6860 and the market turned at 6865.
I think we're heading for much lower, potentially below the wave a low in March 2003. If the move from Dec 1999 to March 2003 was a 5-way move then that was only wave a, and what has happened since has been a correction in wave b. So we still need a 5-way move lower below 3277.
One other thing of note has been since the high in Dec 1999, it has been 2 years down and 4 years up. So I think we are in the final 2 years down.
I am still on a steep learning curve with HEW, but prepared to put my thoughts out there.
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  • #55
  • Jan 28, 2014 8:12pm Jan 28, 2014 8:12pm
Quoting bizbop
I've been trying to follow the FTSE 100. Corrections are extremely hard to follow. I think we're currently in a wave ii of a final wave c lower. It has been noticeable how deep most of the retracements have been. The wave b retracement from June 2013 has been over 98%, I think the HEW 98.6% retracement was 6860 and the market turned at 6865. I think we're heading for much lower, potentially below the wave a low in March 2003. If the move from Dec 1999 to March 2003 was a 5-way move then that was only wave...
I really don't follow the FTSE so I have no view. I stared for a long time at the monthly chart and found it difficult to recognise an obvious count.
I'll make some observations that may be useful to check out:

Monthly:
Is there really a 3-wave decline in Wave a? The monthly bars may be concealing the structure so I'm not sure.
I can see why you're considering a flat correction in Wave b. Again, the monthly bars may be hiding something.
On the Wave FC - I'm doubtful. Which is the Wave b / iii and the Wave iv? That looked like an expanded flat in the middle but then the Wave b/ iii and iii and iv aren't there. The Wave iv cannot reach the Wave b / iii level.

Daily:
The Wave -c- / -iii- looks very short. I do very occasionally see a 50% Wave -c- but it's rare. Alternation certainly looks as if it was about right.
Have you checked the internal ratios of each Wave -a- and Wave -c-?

I have to say it's certainly not a straight forward structure and I really can't offer any counts. Part of the problem with equity markets is getting the intraday data to confirm the waves...
No I haven't got the wave structure wrong! I've corrected it!
  • #56
  • Jan 29, 2014 2:46pm Jan 29, 2014 2:46pm
I appreciate your comments. I think the key is in the decline from 2000 to 2002. That decline could be a triple 3 that would complete the correction. I'll look at it again with your comments in mind.
  • #57
  • Feb 2, 2014 3:22am Feb 2, 2014 3:22am
I've obtained intraday data for the ftse covering 1998 to 2004. I've had a closer look at the decline from the end of 1999 to March 2003. I think it's a 5-wave move. This would form wave a of an abc lower.
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  • #58
  • Feb 2, 2014 4:04am Feb 2, 2014 4:04am
Quoting bizbop
I've obtained intraday data for the ftse covering 1998 to 2004. I've had a closer look at the decline from the end of 1999 to March 2003. I think it's a 5-wave move. This would form wave a of an abc lower. {image}
Looks like a sell to me, a spike higher would be more efficient pricing though.
Howlin' at the Moon on the Roof
  • #59
  • Feb 4, 2014 11:59pm Feb 4, 2014 11:59pm
Quoting bizbop
I've obtained intraday data for the ftse covering 1998 to 2004. I've had a closer look at the decline from the end of 1999 to March 2003. I think it's a 5-wave move. This would form wave a of an abc lower. {image}
Most declines appeared to look as if they had 5-wave moves. Not sure about the Wave a of iii though. There's no alternation in that move... That could mean that there could be a larger Wave b of Wave iii spanning across the sections you've displayed. It would be useful to check the lower degree counts/ratios...
No I haven't got the wave structure wrong! I've corrected it!
  • #60
  • Feb 6, 2014 4:10pm Feb 6, 2014 4:10pm
I've made a count of wave a of iii on the hourly chart. I think the alternation shows up better.
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