dryanhawley

dryanhawley

Many people think the Bear market is over, they think we are heading into new all time highs. Anything can happen, but I think the last few weeks have just been a wave 4 before we head back down hard on an impulsive complex wave 5 down.

dryanhawley

ABC into a complex impulsive SELL setup in effect since Dec 12th... Look at the sell vs buy volume... Three or four small buy bars followed by 5 heavy sell bars... Selling goes on even in green bars, it simply means the owners of the biggest gambling casino in the world are selling at the bid... the next day they might take it up so they can sell again. picture...

dryanhawley

I have published a lot of useful trade setups so I hope you all will forgive me for 1 funny story. I am testing NinjaTrader out and will probably buy it. So i was watching a training video on youtube. There was a link to the NinjaTrader website and a guy popped up and asked if I wanted help no clicking to get chat on my part... I asked this guy who pooped up...

dryanhawley Updated 

This is a continuation of the Wave counts I have been doing here for over 2 years. Having completed 5 waves down, which conform to elliot rules (look closely to the wick wave 4 does not cross into wave 2, wave V goes beyond wave III) etc. We have completed wave A UP and now looking to go down on wave B.

dryanhawley

As those who know me at all know.. i use a lot of different tools The Pivots, EMAs, VWAP, Market Profile (price volume in different time periods), Fib analysis, etc.. but my favorite is Elliot Waves, and there is my count and then there is the count, and setups from the MTPredictor SW... This is a sell setup that appeared in the 1 hour timeframe at 6:00 AM EST...

dryanhawley

Back when I ran a room on TCNet "Kauai Dave Trendtraders" i learned many things from the folks who ran the other rooms there. One guy ran a room based on a series of EMAs he called the rainbow. In this chart I have picked EMAs that relate to fib numbers. The idea is very simple.... If we are above the rainbow you should be long, if price is below the rainbow...

dryanhawley Updated 

In this 1 hour chart I have marked the possible 1st and 3rd impulsive and complex waves down in red, the corrective waves 2 & 4 to the down trend in this timeframe in green... One possible scenario is we go down on a 5th wave impulsive and complex next. Sometimes I post MTPredictor trade setups, and Steve Griffith's count, but this one is mine.

dryanhawley Updated 

This is a follow up to my previous post, because the numbers were half off the screen. The wave count is the same 5 waves down in a 4 hour time frame. There are 2 additional Elliot Tools that confirm my count, the EWO (Elliot Wave Oscillator) which is a free TV Indicator, and the MTPredictor MYP STF. It you look at the red and green cycles in these two...

dryanhawley

All the charts I have seen by other Elliotitions in these rooms show how this correction so far is a simple ABC, indicating we go up, after an abc correction, and yes I expect a bounce, but what is we are in the first set of 5 waves down to be followed by an ABC then the next set of 5 down... I noticed the 7 days of UP had a green doji right in the middle in a...

dryanhawley

There was a similar setup on Nov 7th to go short, with a target just below price here, that obviously worked. I have been short from the very top so this is NOT a report from a "buy the dips" guy. it includes entry price, stop and targets. RISK EXCEEDED just means that the stop was tripped at that price, I expect we go a little lower before this...

dryanhawley Updated 

Based on Elliot Waves which are working correctly again. I have been short from the very top. By the time we reach ES 2590 we should get a bounce. That is 5 waves down in DAILY Elliot Waves. at 2590 that would be a 38% correction. If the Bear market continues after an ABC corrective move UP my next target down is 2390. This would be when we have completed 3...

dryanhawley Updated 

I explained this in my last post. This is in a 4 hour timeframe. If we get more selling on a massive scale we have a long way to go in the daily charts.

dryanhawley

2015 was a wave 4, complex and corrective. My "possible wave 5" came to fruition. WE have down a wave 1, complex and corrective (to the bullish trend) down. Since the recent top, we have done a wave 1 down with sell volume of a massive scale, and an ABC (simple and corrective) I think we could e coming up on a 3rd wave down. We should start wave 3 by...

dryanhawley

For those who count waves, we had a clear ABC early in the 3 waves down, hourly chart, and I believe a 4th wave, complex and corrective that ended today, to possibly go down on a 5th wave, impulsive and complex. In the Spiders, aka SPY we had 28.2 Millions shared of sell volume in the last 30 minutes.

dryanhawley

After a 12% loss this year ( do the math it is not a 4% correction this year) we are in the very begging of an effort to take it up. We ended yesterday in a Bullish Harami candletick pattern, and overnight Asia created an EW diamond pattern, to go down, but it really makes Americans mad when Asia takes our ES (SP-500 Futures) down, so in a predictable pattern we...

dryanhawley

Went short an the new all time highs

dryanhawley

If we get a 4th wave here it will be smallish. If you look where I put Wave 1 UP in March, that is a small wave 2. I drew an arrow with a pointed in blue to show what i mean by a small wave 4. The ABC at the top was for the entire set of 5 waves up in the daily candles. I don't think it will be that big, more than likely it will go down to either my red line or...

dryanhawley

The SPX is Bullish, now doubt. But we may be beginning the 4th wave, which is typically complex and corrective. After that wave 5 up to new all time highs more than likely. The wave text got moved to the left when this was published, the wave C ended at 1989.8.