Тrading diary / Position trading, Swing trading, Daily trading / Technical analysis Дневник / Практическо приложение на технически анализ / Споделяне на идеи
Jun 25, 2018
Update
Impulse should look like this on the chart..... looking at other indexes I think it will be finished, but lets wait for confirmation.
Hi Krasi in your opinion, how would this expected impulse wave down fit into the overall wave count? would this then be a wave C ie the Feb wave up (March) then down (April), then up (Jun) is likely a B? thanks again for sharing your expertise and thoughts.
An impulsive wave generally follows the trend and is has pretty clear direction. Corrective waves are pauses in impulses where there is more of a sideways price movement before the trend resumes with an impulse. Look at the chart above from about May 6th to 14th. That has an impulsive move up, corrective move, then impulsive. Then if you look at the move after that from May 14th to June 4th, you'll see it is corrective.
This is Elliott wave term - the market is trending in the direction of the impulse. Impulse in the opposite direction means reversal and more to follow.
If we have an impulse for wave V one more low should finish 4 of V and yes the target for 5 of V is around 7460 two measurements and one points to 7530.
Are we looking at a potential buy or entry point coming as early as Friday of this week? Or is the following week more likely? What do you guys out there think?
I think move lower should last a few weeks. Of course a bounce higher is coming, but I do not think this is intermediate term low just short term bottom.
Hello Traders! I have started the Blog with the idea to concentrate on technical analysis and signals. Any questions, ideas, opinions, and comments are welcome.
Здравейте трейдъри! Стартирах блога с цел да се концентрираме върху техническия анализ. Всякакви въпроси, идеи, мнения, коментари са добре дошли.
Hi Krasi
ReplyDeletein your opinion, how would this expected impulse wave down fit into the overall wave count? would this then be a wave C ie the Feb wave up (March) then down (April), then up (Jun) is likely a B?
thanks again for sharing your expertise and thoughts.
I can only guess way too many corrective waves.
DeleteEither this or something more complicated - https://imgur.com/a/4Pv73R3
I've been following you for about a year now and enjoy/appreciate your work.
ReplyDeleteWhat does the term "impulse" mean? I just want to have an accurate understanding of that particular term that is used so often here.
Thanks.
An impulsive wave generally follows the trend and is has pretty clear direction. Corrective waves are pauses in impulses where there is more of a sideways price movement before the trend resumes with an impulse. Look at the chart above from about May 6th to 14th. That has an impulsive move up, corrective move, then impulsive. Then if you look at the move after that from May 14th to June 4th, you'll see it is corrective.
DeleteThis is Elliott wave term - the market is trending in the direction of the impulse.
DeleteImpulse in the opposite direction means reversal and more to follow.
Krasi are u expecting a drop into friday
DeleteI expect one more low, but I can not say if it will take time until Friday.
DeleteAre u expecting 2500 for low
Delete2670-2680 first then higher to 2740
Deletelooks like 2740 came first
DeleteNDX - Assuming we have seen the top of wave 3 of V; are we looking at a target of about 7460 for 4 of V? Just curious if I'm look at this correctly.
ReplyDeleteIf we have an impulse for wave V one more low should finish 4 of V and yes the target for 5 of V is around 7460 two measurements and one points to 7530.
DeleteDoes this move higher change the picture in the near term?
ReplyDeletei dumped all my longs here
DeleteSPX looks like overlapping for the impulse and the other indexes no change.
Deletelooks like 2750 then down we will see
ReplyDeletei will continue to buy big dips
DeleteGosh, that 4H candle looks horrible
ReplyDeleteRegards,
Mily
The monthly candle is the problem.....
DeleteAre we looking at a potential buy or entry point coming as early as Friday of this week? Or is the following week more likely? What do you guys out there think?
ReplyDeleteI think move lower should last a few weeks. Of course a bounce higher is coming, but I do not think this is intermediate term low just short term bottom.
DeleteDo you think impulsive 3 wave is finished at around 2697 and wave 4 bouncing should be there to what target? Thanks.
DeleteIt looks like finished impulse and move higher has begun.
Deletei dont think s and p goes lower than 2674
DeleteWhat do you think about the wave 4 bouncing target? Thanks.
Delete38%-50% retracement around MA50 on the hourly chart.
DeleteKrasi you said move higher has begun. Where does this move higher go to?
ReplyDeleteToo weak so far it still could be wave 4 if we do not see strong rally today.
DeleteResistance is 2740-2760.
It is still in an upward channel.
ReplyDeleteThe problem is the angle of this channel. It looks more like bear flag than a strong move not to mention the overlapping.
Deleteada station bribery
ReplyDelete