alfitec

alfitec

Diagonal idea still valid (though its an ugly diagonal)

alfitec

Ending diagonal is wave 5 still unfolds after a bit of hesitation in wave 4 Dark red line is speed of oil taken from last elliot cycle Up from waves 3 and 5 I am beginner so please do tell me if you think Something is wrong...

alfitec Updated 

Dark red line is speed of oil in last wave from previous rise to 140$ Wave 5 subdivides as 3-3-3-3-3 (Ending diagonal?) Maby X wave? whatever it is drop is near... I am beginner so take my opinion with big reserve... All criticisam is more than welcome... I will learn something...

alfitec

Funny thing how two fans with defined slope on last big rally trendline and starts at major low and start of last rally and fibonachi retracement level 0.62 intersect in red dot.... Please do not pay atention on elliot count it neads updates...

alfitec

Just tried this... amazed how two trendlines have almost perfect match to fibonachi/Gann angles... ok this would more be related to gann 0.25 angle... but anyway trendlines were drawn on bottoms of waves and I just added Fan... to try... and I am amazed how perfect it works.... I am not Gann trader not even sure that Gann would do exactly this... but.... makes me...

alfitec

i just have an idea... might be totally off but what if... Ok corection goes in wave 1 theritory which is against one of the rules... but on the other hand this could be leading diagonal in which case this rule can be broken and according to Billl Williams it frequently is broken... Just an Idea... if i am wright both first and third waves are not extended... so...

alfitec Updated 

1. I am beginner and probably wrong.... feel free to criticize and comment, in fact comments are more than welcome 4th wave unfolds... there is triangle formation in B wave of correction.... waiting for C wave so short and then long Low risk to gain ratio but if entry can be higher and risk can be reduced... this way i would go with sell stop...

alfitec

Just an idea.... maby I am terrably wrong... All coments welcome...

alfitec Updated 

I have just sketched vawe... Update for weekend Coments Are very welcome....

alfitec

Ok 5 waves down... not originaly mine... Looks that after corection wave 5 down should kick in.. Alternatives: % waes are complete and wave 1 is extended in leading diagonal... Corection is ABCDE instead of ABC and then from wave iii becomes wave 3 Funny thing AO peeked in First wave... I dont see any other start... First Divergence could be a part of leading...

alfitec Updated 

On 4 hour chart i beleive this are triangles, they are usualy found on end of correction or part of correction, in theory (i am beginner and learning) Other than that I beleive that short term chanel is pierced and it will go up... Please comment