SPX possible triangle progression (Elliott Wave)

2018年11月29日

The short setup suggested in the last post failed. The market moved straight up for what looks to be W.C of the suggested Triangle pattern .

As of now it looks like we are in corrective W.4 of W.(C) of this pattern.

Strategy : We wait for the completion of W.(C) to the upside in the white resistance zone . Once the same is complete we will look for reversal signs to initiate shorts.

2018年11月30日

註釋

15 min. : W.4 either complete as a Running Flat or continuing as a Triangle, in either case expecting one leg up for W.5 and then a down move.

2018年12月3日

註釋

1H : Sharp upmove suggesting the possibility that the upmove may be an Impulse rather then a W.C of Triangle, we need a break above 2818 for the same, untill then existing longs should book partial and trail remaining.

2018年12月4日

註釋

15 min. : Looks like a Running Flat for W.b/ii :

2018年12月5日

註釋

1H : Expecting move up for W.x/iv :

2018年12月6日

註釋

4H : It seems we have just completed a W.x/b/i whichever the wave it may be a pullback is expected from here, hence longs can be added on a move outside the channel with SL a bit lower then the current swing low :

2018年12月7日

註釋

15 min. : So far so good, looks like we have a corrective pattern to the upside :

2018年12月7日

註釋

15 min. : Could be W.ii complete and W.iii down for impulse or a corrective continuation for W.x.