mikeoakster

mikeoakster Updated 

Maybe it will play out nicely.

mikeoakster

Going for Minuette wave v, to complete Minute wave v, to complete Minor wave 3. It's seem to me this market has been showing too much impulsiveness to be still considered an ending diagonal.

mikeoakster

Approaching resistance.

mikeoakster

After a set of five waves up, will we have three waves down, followed by another five up?

mikeoakster

In looking for a different broad perspective, here I'm considering the kee factor to be the breakout of the current long term channel. And for that, instead of the current potential ending diagonal, we would be having a series of 1-2 sequences. Don't know why but I prefer this count to the scary one...

mikeoakster

In this monthly analysis, I've determined the EW pivots based on the way I use the channelling technique. Observations: a) In terms of price, Primary wave 5 (green) = Primary wave 1 = 0.382 x Primary wave 1 to 3. b) In terms of time, Primary wave 5 = Primary wave 1. In terms of time, the target is March 2017, exactly 8 years after the bottom of the...

mikeoakster

After falling in a corrective manner for Subminuette wave a, price rose to a new all time high also in a corrective manner for Subminuette wave b, so the current fall in an impulsive manner for Subminuette wave c fits the flat corrective pattern. One target for the completion could be 1,618 x Subminuette wave a, which is in confluence with the base of the current...

mikeoakster

Double zigzag inside parallel lines?

mikeoakster

Let's see if price continues to rise inside converging lines...

mikeoakster

An expanded flat to complete Minor wave B? It could target around 38,2% of Minor wave A.

mikeoakster

Current consolidation could be a triangle. but... not even retracing 23,6%? Could be. Wait for the breakout?

mikeoakster

Now, Minor wave B ending around 38,2% of Minor wave A; then, Minor wave C equal to Minor wave A; that way, completing Intermediate wave 3 of... ... the very ending diagonal. Or not...

mikeoakster

Just to point out that the market almost reached the top of a bearish channel, in what could be an ABC rising wedge corrective pattern, and if so, downward move would be expected.

mikeoakster

Switching to an ED of a larger degree.

mikeoakster

Ending contracting diagonal scenario, which would mean very nasty things to happen after the elections... Price targets for Minor wave 5: - 0,618 x Minor wave 3. - 1,618 x Minor wave 4.

mikeoakster

111.1 has to hold...

mikeoakster

Could be... could be not...

mikeoakster Updated 

One more try to count the mess - why didn't RN Elliott determined the "mess" pattern?