7 replies to this topic

[tsharp]

I was a bit baffled as to why the last leg up ended in what appears to be an EDT... so I did some homework and this is what I came up with.\:

 

I have wave-2 in this series off the 1810 lows as a running fractal lasting some 139 trading days.  I was a bit surprised when wave-4 ended so quickly, but because it appeared to have the wave structure of a contracting diagonal triangle, which is a typical fractal for a wave-4, so I accepted it as shorter in time - which lacked symmetry within the wave.

 

If wave-4 was over, it seems to have had quite a bit of struggle just getting back up to even the previous wave-b:a:4 pivot of ~2801, and then the EDT of the last wave up just smells of fatigue.

 

So I am still left with the thought that wave-4 is not yet complete... if this is true, then consider:

 

-Wave-a:4 (longest leg) was from ~2817 - ~2477 for a length of 340-points.

-Wave-b:4 at its height of ~2817 was exactly .776 x wave-a (longest) @ 264-points

-If wave-c:4 = wave-a (longest), then we could expect to see wave-4 complete at ~2477

-If wave-c:4 = .618a (longest), then we could expect to see wave-4 complete at ~2607

-If wave-c:4 = wave-c:a (the shorter leg), then we could expect to see wave-4 complete at ~2569

 

The confluence of the UTL and the highest of the targets (2607) seems to hit in the third week of August (8/23), which would also be approximately equal to the 139 TDs (8/16 actual)...

 

Just throwing this out there... the CDT is still a valid interpretation, and this pause could simply be the end of wave-i:V , with wave-ii in work now, and then right back up to new ATHs on the next thrust... time will tell.

 

Happy weekend to all here!

 

 

Link to chart:  https://postimg.cc/image/krwxfzj2x/

[tsharp]

Without all the verbiage as above, here's the same scenario for the Dow...  I'm thinking if this plays out, 23,199 is the most likely target... twt.

 

 

 

Link to chart:  https://postimg.cc/image/nymvlwoft/

[tsharp]

And last, but not least, the weekly NAZ with the same scenario, though I suggest NAZ may play out an expanding 4th instead... twt.

 

 

Link to chart:  https://postimg.cc/image/en1bvgcx5/

[CLK]

A monthly close at 24,000 and the bull market is over with only a retest of the highs possible.

 

 

 

[pedro]

There's an EWer who does nice work out of Toronto, but behind a registration wall, who takes it even further.

 

His view is that the coming c down soon won't end the W4 but the correction will drag into 2019 as a triangle with d and e after that.

 

He doesn't usually articulate his rationales, but he does try to tie things up intermarket with $ as linchpin.

We are coming up on a $ high, perhaps when c down completes.

[slatedrake]

Hey pedro,

 

I'm curious - who is the ewaver in Toronto?

 

Wondering if this is the long lost Teaparty aka eMiniMe

 

[tsharp]

It appears the highs will be limited to the fuchsia upper channel line,... watching.

 

 

Link to chart:  https://postimg.cc/image/atde2tdpl/

 

 

Link to chart:  https://postimg.cc/image/m5pzkleop/

Edited by tsharp, 23 July 2018 - 10:53 PM.

[tsharp]

It appears the highs will be limited to the fuchsia upper channel line,... watching.

 

 

Link to chart:  https://postimg.cc/image/atde2tdpl/

 

 

Link to chart:  https://postimg.cc/image/m5pzkleop/

 

Obviously, the EDT didn't play out, as the middle impulsive wave cannot be the shortest wave... my SAR got whipsawed and flipped back to long yesterday morning, though I thought it was possible it was going to get whipsawed again this morning, but it did not.  

 

Charts from early this morning and just now on insta -  @milehighstrategies:

 

 

Link to chart: https://postimg.cc/image/txtog9u5l/

 

 

Link to chart:  https://postimg.cc/image/ywh6uu0jd/

 

 

Link to chart: https://postimg.cc/image/guy1wiqxl/