Not sure why 5.7% would not be considered as an expanded flat. It a flat correction is ok then why not a minor overreach of the prior extreme? What I do get annoyed with is the running corrections of over 50% and when it "suits the count that ...

Elliott Wave Trading

There was a 3-wave move in Wave (i)... See the attached two charts for monthly & daily. It suggests to me that we need a deeper correction in Wave (b) for any Wave (c) / (iii) to hold to a reasonable level below the 18,300 high so a Wave (iv) can ...

Elliott Wave Trading

I've stopped following the Nikkei but I do recall that in my book I suggested two alternatives, one being an expanded flat back to 18K+ from memory... So what you're looking at now, and if that scenario is right, then I suspect this will have ...

Elliott Wave Trading

Watch 1.6100-20 first...

Elliott Wave Trading

...or perhaps they're not triangles...

Elliott Wave Trading

I find in general that people often find the process of recognising fractals/wave degrees and how they're related in HEW quite difficult. Below are two charts of the S&P (which I find has helped people click) starting from the weekly count down to ...

Elliott Wave Trading

If you have watched the video on the projections you will note the general pattern of 261.8% - 298.4%, 361.8% - 398.4% etc... well, that can (occasionally) go higher to the 461.8% - 498.4% and onwards up each step of 100. You also need take note of ...

Elliott Wave Trading

There is a section for triangles at the bottom of the spreadsheet. I mentioned in the top response on this page that there are no such thing as a diagonal triangle in HEW... in CEW diagonal triangles are made up of 3-wave moves. In HEW ALL waves are ...

Elliott Wave Trading

No such thing as a diagonal triangle in HEW... in CEW diagonal triangles are made up of 3-wave moves. In HEW ALL waves are made up of 3-wave moves. The only waves that 5-waves make is Wave A and Wave C - and they make up the groups of 3-waves. 4th & ...

Elliott Wave Trading

If you look carefully at where I have labeled Wave a and Wave b you will see that Wave a was the top of the 3rd bar and Wave b the bottom of the 4th bar. If you had seen that in a 5 minute chart it would have been clear. Also note that because the ...

Elliott Wave Trading

Well, you'll need time to work on things and understand how HEW works. It's not like CEW where you can just label any peak or tough that you want because it looks good. That is why there are so many different counts and why it doesn't work...! Easy ...

Elliott Wave Trading

Hi Saqib HEW is constant throughout. The concept of an extended fifth (or 3rd, or 1st) is merely the result of the wrong structure. When you understand the more effective manner of alternation in terms of depth you will suddenly see how they all fit ...

Elliott Wave Trading

Correct - and that the impulsive relationships are between 3-wave moves and not 5-wave. That way you can ignore those that don't fit in...

Elliott Wave Trading

The basic ones are on the blog and provide a great start. If you're a programmer you may just jump into it all and enjoy the ride. I find programmers and engineers love this stuff. Also those with a good understanding of EW can normally catch on ...

Elliott Wave Trading

I don't mind answering simple questions on here but please first look through the information on my blog. HEW requires a lot more thought and understanding, also more work than EW but you don't get enhanced results from simple things! If the ...

Elliott Wave Trading

Hi KCV COntact me through my blog - has a link to a contact form on my website. PM's don't allow much text and I can guess this may be complicated!

Elliott Wave Trading

As I said, in your red sequence the Wave iii) is only around 110% of Wave i) and then a Wave v) that dwarfs the rest of the (red) move. A Wave v) rarely gets beyond 76.4% of the start of Wave i) to the end of Wave iii). There are no such thing as ...

Elliott Wave Trading

Well, if this was classic EW then the 3-wave Wave (iii) is incorrect. If this was HEW then I mentioned before that the minimum Wave (iii) is 176.4% of Wave (i)

Elliott Wave Trading

Kajos, I'm sorry to have to say this but your count, whether it's classic EW or Harmonic EW is not valid and breaks rules in both...

Elliott Wave Trading

Hi Kajos Don't worry about the English - we're the worst at learning other languages! You need to look at: www.harmonic-ewave.com url It's more disciplined than the original so requires work and study but does make a lot more sense...

Elliott Wave Trading