Current candle has progressed to the low of sub wave (i) and bounced. So far progressing with the count. If it breaks below subwave (i) profit should be locked in and a move to subwave (iv) anticipated.

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Ugh - so slow. RSI pointing down - doing ALOT of reading on elliot waves - like being in college all over again!

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Wave A: Correction To Rally – Initially Wave A may appear to be a correction to the normal rally. However, if it breaks down into five subwaves, it indicates that a new market trend may have developed. This is what I am waiting for - the current ...

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The 5M and 15M have painted patterns and the 15m is approaching the 200

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Haven't gotten there yet!

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here's the reasoning for my doubt - according to the elliot wave rules, whether impulse or corrective, wave 3 (iii) cannot be the shortest wave. My original count had leg (iii) as the shortest wave. I have adjusted the count (as I assume you must). ...

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Doubting myself now. I have deleted the add-on sell stop and moved TP to +10

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S1 next obstacle

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AO still has not crossed the zero line - RSI is flat below the 50. Believe the elliot wave count is holding true

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Too right you are - but it is the weekly - and it is approaching the 200! I stick to the smaller time frames - although I do look at the weekly from time to time! Thank you for the post

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Reference the elliot wave and how it progressed overnight. I placed a sell stop at 3353 (sub-wave ii), at first I had TP+10 but changed it. High insight is 20/20 - I wish I had just kept it there - I would have already banked those +10. Anyway the ...

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Cold, cold cold! But I love the cold weather

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Ahhhhhh - that first sip of the first cup is the best 5 seconds of my day!

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Gonna leave the chart marked up like this - see how it plays out. Once you can lock in a proper count - you can use the Elliot wave to keep you out of false signals. Look at the pinbar (red arrow above it). Without knowing that price has started a ...

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I've amended the count. What I previously showed as A was subwave (iii). The ABC correction won't (shouldn't) begin until sub-wave (v) completes. like anything all these levels are key fibo areas. Corrected chart attached

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Could it be that from an elliot perspective we have seen the correction to A of the ABC correction of the 8 wave cycle? This is how I see it if I have counted properly - anyone?

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Well I guess I am glad that my TP was hit. Gotta love those ABCD patterns

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yes the formation as well! Well spotted

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I really must learn to stay by my PC when a trade opens. Hit TP +18 (+23 for the day) Notice what just painted?

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And we are in

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