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Harmonic Elliott Wave (HEW)

  • #141
  • Sep 4, 2014 2:43pm Sep 4, 2014 2:43pm
FTSE 100

The FTSE has finally put in a 14-year high.

I'm just wondering if the latest move up could complete the blue wave count.

The yellow area would need to be a 5-wave move. The problem is between purple wave ii and wave iii, it could be another expanded flat wave b.

A break below 6706 would break the green wave count, overlap of i and iv, and probably confirm the end of the blue wave count.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: #ZH4Daily.png Size: 40 KB
  • #142
  • Sep 5, 2014 2:03am Sep 5, 2014 2:03am
FTSE 100

I put in labels for blue -c- and -v-.

There is still a possibility of the market reaching 6950 area spreadsheet projections .
  • #143
  • Sep 13, 2014 4:55am Sep 13, 2014 4:55am
DAX Update

I've had another look at the decline from 10051 given the larger move up from the 8903 low. I think the initial move down was a 5-wave move wave a.

The correction has reached the 76.4% retracement, in what appears to be a triple three.

The last wave c of the the triple three is a little bit short.

I've also included the larger picture using Ians' FTSE count.
Attached Image(s) (click to enlarge)
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  • #144
  • Sep 18, 2014 1:09pm Sep 18, 2014 1:09pm
FTSE & DAX

I've reworked the move up in the DAX given the new high. We've already seen a 50% projection in the Turquoise wave v.
Wave v projections:
61.8% 9838
66.7% 9858


The FTSE still has a possibility of hitting the 6950+ area if we get a No in the Scottish Referendum.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: _GXH1.png Size: 30 KB
  • #145
  • Sep 23, 2014 11:02am Sep 23, 2014 11:02am
FTSE 100

Looks like no new all-time high on this wave.

We've broken 6706 which nullifies the potential green wave count. The green arrow marks where wave i would have been.

We've probably seen a single zig-zag and we now need a wave x higher.

Blue Wave (b) targets:-
66.6% 6317.3
76.4 % 6231.4
Attached Image (click to enlarge)
Click to Enlarge Name: #ZH4Daily.png Size: 32 KB
  • #146
  • Sep 25, 2014 1:01pm Sep 25, 2014 1:01pm
DAX 30

The sell of begins.
We need to clear 9440 to get out of expanded flat correction territory. Final target is around the 8600 area.
Attached Image (click to enlarge)
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  • #147
  • Sep 25, 2014 3:53pm Sep 25, 2014 3:53pm
EURGBP

I've had a look at the long term position of EURGBP. A 58.6% correction in wave (iv) will get to 0.7505
From there we should head back towards parity.

If the dollar strengthens over the next few years then the long term trade maybe to short the pound, rather than the euro.



I would like to thank Ian for all his contributions. As a novice he has put me on the right track and I will be forever grateful.
Attached Image (click to enlarge)
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  • #148
  • Oct 8, 2014 3:36pm Oct 8, 2014 3:36pm
FTSE 100

The move up in the S&P suggests we are heading to 6588-6610 in the FTSE, to form wave iv. If that area holds we should be heading below 6400 to form wave a.
For the larger wave count to hold there needs to be a 50%+ retracement in wave b.

It also brings larger overall corrections into play
Blue Wave (b) targets:-
66.6% 6317.3
76.4 % 6231.4
85.4% 6151.97 - most likely
90.02% 6111.28

The completion of wave a should signal the completion of wave iii on the DAX.
Attached Image (click to enlarge)
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  • #149
  • Oct 8, 2014 4:07pm Oct 8, 2014 4:07pm
I am working on EW code for sometimes. MT4. it calculates all possible combinations. actally Long side partially coded only. infastructure zig-zag also self coded.
if you have enough experience with EW may be we can work togather to build a working code. actual version şs looking for 1-3-5 impulsive counts. you can see the screenshot below quote.

GL

Quoting MAM.Trader
possible Long impulsive wave counts more over corrections extensions flat etc.......... should be added into play with the possible combinations of impulsives......! manual EW count (eyeballing) is just a hobby.............! {quote} {image}
Quoting HappyMe
{quote} That's great...an exercise! Well I'm still struggling with the spreatsheet so maybe it's good to build this excercise in different steps... 1) filling the "impulsive wave 3" into the spreadsheet 2) filling the "impulsive wave 2" and then "impulsive wave 1" into the spreadsheet 3) after that looking to the projections Here is my first step (look at the red rectangle in the image) I noted here the wave levels of the highest degree (the [ i] [ii] ...[iv] waves in your chart. I think that was the easy part.For the second step I'm already...
My Best Trade is Next Trade!
  • #150
  • Oct 9, 2014 9:00am Oct 9, 2014 9:00am
Quoting MAM.Trader
I am working on EW code for sometimes. MT4. it calculates all possible combinations. actally Long side partially coded only. infastructure zig-zag also self coded. if you have enough experience with EW may be we can work togather to build a working code. actual version şs looking for 1-3-5 impulsive counts. you can see the screenshot below quote. GL {quote} {quote}

Hi, we cannot see screenshot
  • #151
  • Oct 9, 2014 10:48am Oct 9, 2014 10:48am
pls check quoted post. thanks
Quoting MAM.Trader
this is my wave code result. still in progress. only long side coded. counting all combinations with the rules of below {image} Aqua tick lines are count 5 I was about to stop working on while it was going nowhere , then found the link previously posted about 3 hours ago & decided to work more to analyze statisticly. {image}
Quoting Almondeyed
{quote} Hi, we cannot see screenshot
My Best Trade is Next Trade!
  • #152
  • Oct 9, 2014 10:59am Oct 9, 2014 10:59am
Quoting MAM.Trader
pls check quoted post. thanks {quote} {quote}
I don't think much can be done with classic EW because of few rules and tones of exceptions it is useless. Better to focus on HEW which has very strict mathematical rules
  • #153
  • Oct 10, 2014 11:18am Oct 10, 2014 11:18am
FTSE 100

I'm expecting another low to complete the wave a correction of the daily blue wave (b), projections at 6319, 6304 and 6282. Probably higher before we get there.

Below 6023 would invalidate the daily wave count. So we'll need a strong wave b move up.
Attached Image (click to enlarge)
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  • #154
  • Oct 11, 2014 4:13am Oct 11, 2014 4:13am
DAX 30

I don't think we're far from the wave iii low, perhaps around 8766. From there we need a wave iv to around 9130.

The blue wave (b) target may be as low as 66.7% at 8450.
Attached Image (click to enlarge)
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  • #155
  • Oct 16, 2014 3:30pm Oct 16, 2014 3:30pm
Clear as mud.

The FTSE has come dangerously close to 6023, 94.4% at 6072.

The DAX has had very little retracement, so it is unclear whether we have seen a wave iv or not.

I'll take the wait and see approach.
  • #156
  • Oct 17, 2014 4:22am Oct 17, 2014 4:22am
DAX

IF IF IF we are in a wave iv then the retracements are as follows:

33.3% 8807
38.2% 8874
41.4% 8917

Wave ii was 50%.
  • #157
  • Oct 23, 2014 11:35am Oct 23, 2014 11:35am
DAX

If we are in a wave iv then we have just peaked above the 50% retracement level.
Attached Image (click to enlarge)
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  • #158
  • Oct 28, 2014 8:45am Oct 28, 2014 8:45am
Attached Image (click to enlarge)
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What do U think about AJ HEW count? Anyone is doing that cross? Thanks
  • #159
  • Nov 1, 2014 6:59am Nov 1, 2014 6:59am
DAX

The move up has confirmed we are not in a wave iv. I think we are in a wave x. In the wave x we have almost completed a double zigzag, so if we get another zigzag, we will probably get above 9500, possibly the 76.4% retracement at 9650.
If this is correct then we will need another move down to below 8000.
Attached Image (click to enlarge)
Click to Enlarge Name: _GXWeekly.png Size: 28 KB
  • #160
  • Nov 7, 2014 11:24am Nov 7, 2014 11:24am
DAX

I think we are well into the last zig-zag higher. The last wave b may not yet be complete The 76.4 % retracement would get the wave b to 9223. The only question mark would be the last wave a, which had a sudden move up thanks to the ECB. It can probably be explained by a very strong wave v which has a strong wave a and weak wave c.
Attached Image (click to enlarge)
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