theansweris42

theansweris42

An interpretation of price movement as an Elliott motive wave

theansweris42

Having mapped the motive (5-wave, green) + corrective (3-wave, red) structures through-out the correction, they seem to be painting an Elliott Wave 'Double-Three' structure (possibly a triple-three but that would take a while longer to confirm). This is comprised of a corrective wave 'W' followed by an inverted corrective 'X' and finally a non-inverted 'Y'. I came...

theansweris42

Kennedy channels (red) plotted for all deceleration trajectories. Recently established base channel plotted in blue. Lower octile (dark blue) of the base channel providing major support.

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Base channel highlighted in Blue.

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My current architectural interpretation of the 15m domain. Not predictive, purely for my own reference.

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Price is about to meet the apex of deceleration and acceleration-shadow channels (circled). Watch that space!

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Kennedy channelling used to infer EW structure. wave 4 in progress. Grey circled area indicates probable bounce territory. Blue circled area = probable target.

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Candidate wave 1+2 complete. wave 3 next?

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Inferred acceleration channel based upon confluence with previous price structures. Entry @ 78.6% retracement.

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Elliott wave count inferred using Kennedy channelling and momentum. Wave 1, 2 inferred from initial 2010 peak to 2011 retracement low. Wave 3 inferred from acceleration channel peak Wave 4 inferred from retracement low following acceleration channel failure Wave 5 inferred from momentum divergence and failed acceleration channel re-entry

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Will the triangle apex signal the end of the bear market? We'll have to wait and see!

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X marks the spot for a high-probability bounce for a W2 in progress

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1, Wave 4 inferred from acceleration channel floor penetration (X). 2, W4 completion price inferred from confluence of all of the following: * Base channel upper support * Deceleration channel centre * Acceleration shadow channel centre * Wave 3 38.2% price retracement 3, Wave 5 inferred form estimated W4 end + 100% wave 1

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Speculative wave 1 + 2

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3:1 Long Position

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Long trade on a speculative wave 2 low inferred from confluence of base channel shadows.

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Base Channel with shadows (adjacent parallel channels) for the recent wave 1 candidate. Loci indicated by circles.

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A first attempt at mapping Kennedy channels using the Fib channel tool. Blue = base. Green = Acceleration. Red = Deceleration. Circles = channel loci.