thread: Elliott Wave Counting with EG

Previous count invalidated

Now a Possible EXPANDED FLAT Could Maintain Growth

EG

News last night caused a spike and the proposed corrective tide was turned from a normal corrective wave into an irregular one such as the Expanded Flat where B exceeds the source of A.

Note that limit will hold for B before or into the maximum of 138.2 of A. Over that, my tide labelling will be wrong


EG

Cable having gone to 1.6516 subsequently went up again last Friday during the final hours of this week....

Subsequently shooting around 1.6674 in Sunday opening.... Cable afterward could maintain a wave3 of this w5.

This GAP UP might not fill today but afterwards still once it finishes with w55.

Probably all longs for now as w4 won't overlap with w1. That's if Price goes higher than 1.7041.... Definitely Bullish.

4hr chart would show that should 1.7042 is reached then Cable will be Bullish.
Otherwise Bearish scenario will persist to encourage both the Head and double shoulders over the weekly and daily chart.

If Bearish, then price will probably be going a long way down



EG

Notes on the chart

Cable Longs for me will be safe if price hits 1.7042

EG

Bearish scenario Charts

5min Chart

These Bearish scenario is proposing that a w5 has occurred that's Truned... meaning it has not surpassed the price of w3

Internal wave counts would demone that w53 within this higher level w5 is still more than the w55 while w54 is a Barrier triangle

EG

In a potential Bearish scenario for 1-2 days, price might come down towards 1.6259 to develop a w52 before reversing for new HIGHS toward 1.72000


But if price takes out 1.6259 then a bigger w52 may be developing towards 1.5705

EG

Speaking about my notes....

For as long as the GAP UP remains unfilled.... All transactions will be on the run.


Seems like It'll Be FILLED being 15 pips off today

EG

GAP FAILED for FILLED

Hi,

I am trying to code my own elliott wave indior with Glenn Neely's book Mastering Elliot Wave.

Am hitting a few sticking points that are posted at https://www.cliqforex.com/trading-sy...g-journal.html

But that thread looks lifeless so that I thought I had tey asking here. If anyone can answer my quaetions it'd be a great help.

Thanks and congratulations if you have already read and understood that book!

Im also reading Pretchers Elliot Wave principle to get a more straightforward view of the subject, but my questions are very unique to Neelys novel.

Thanks

Hello,

I am trying to code my own elliott wave indior using Glenn Neely's book Mastering Elliot Wave.

Im hitting some sticking points that are posted at https://www.cliqforex.com/general-fo...ion-forex.html

However thread appears lifeless so I thought I had tey asking here. If anyone can answer my quaetions it would be a fantastic help.

Thank you and congratulations if you've already read and understood that publiion!

Im also reading Pretchers Elliot Wave principle to get a more straightforward view of the topic, but my questions are extremely specific...

Really I do know that publiion. You will be glad
to understand that all of that will no more be needed!

8)

there's a New Elliott Wave Rule so I did not think
it must just go in a very long running thread.

I began a new topic for this here:
https://www.cliqforex.com/general-fo...exit-ergy.html

Cheers,