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Title: Trolololo's EW main count Post by: Trolololo on February 11, 2015, 06:08:43 PM I open this EW thread to share my main medium term EW account, which is this one:
https://i.imgur.com/hBKW6eg.jpg The count suggests that, if the correction is not a complex one (WXY style, i.e.), the 14 months correction is over. Comments and suggestions are welcomed. Edit: count invalidated because red A cannot be a diagonal: the green 3 does not make a lower low than green 1, as suggested by RyNinDaCleM in post #3. Title: Re: Trolololo's EW main count Post by: SmoothCurves on February 11, 2015, 06:28:45 PM That would put complex wave 3 at what? 28k? ;D
Title: Re: Trolololo's EW main count Post by: RyNinDaCleM on February 11, 2015, 07:14:03 PM You made a self-moderated thread... Are you open to constructive criticism?
Your A is completely wrong from an EW standpoint. Since 3 makes a higher low than 1, it cannot be a diagonal and that part of the count is invalid. Would you mind posting the subwaves of (and subwaves of those subwaves) of your C? Edit: How would you count the 1 as an impulse? Title: Re: Trolololo's EW main count Post by: SmoothCurves on February 11, 2015, 09:35:13 PM You made a self-moderated thread... Are you open to constructive criticism? Your A is completely wrong from an EW standpoint. Since 3 makes a higher low than 1, it cannot be a diagonal and that part of the count is invalid. Would you mind posting the subwaves of (and subwaves of those subwaves) of your C? Edit: How would you count the 1 as an impulse? Some similar counts: https://www.tradingview.com/v/i2lh3pFl/ https://www.tradingview.com/v/y8ho4KF2/ https://www.tradingview.com/v/5xTxl6Sf/ Title: Re: Trolololo's EW main count Post by: Trolololo on February 11, 2015, 09:39:01 PM You made a self-moderated thread... Are you open to constructive criticism? Yes, of course. Self moderated just to keep trolling away. Quote Your A is completely wrong from an EW standpoint. Since 3 makes a higher low than 1, it cannot be a diagonal and that part of the count is invalid. Ups! That's my mistake. You're right. Wave 3 must make a lower low than 1. Quote Would you mind posting the subwaves of (and subwaves of those subwaves) of your C? I will do it tomorrow. Quote Edit: How would you count the 1 as an impulse? Inside ending diagonals (red C), waves 1, 3 & 5: - are usually divided in ZigZags (the case for green 1 inside red C) - but may also be an pure impulse wave. Title: Re: Trolololo's EW main count Post by: Trolololo on February 11, 2015, 09:48:21 PM Some similar counts: https://www.tradingview.com/v/i2lh3pFl/ https://www.tradingview.com/v/y8ho4KF2/ https://www.tradingview.com/v/5xTxl6Sf/ Thank you. Quite interesting links! The first one has the same correction count than mine! The third one is very interesting: it points towards a double three. That would mean that 152 would be an A inside a Y, and that was an alternate count I had. Given the mistake in my red A (thanks, RyNinDaCleM), I will reconsider this alternate account tomorrow. Title: Re: Trolololo's EW main count Post by: Wekkel on February 11, 2015, 10:41:09 PM This still looks promising 8)
https://www.tradingview.com/v/8ss69KFu/ Title: Re: Trolololo's EW main count Post by: RyNinDaCleM on February 11, 2015, 11:31:45 PM You made a self-moderated thread... Are you open to constructive criticism? Yes, of course. Self moderated just to keep trolling away. Quote Your A is completely wrong from an EW standpoint. Since 3 makes a higher low than 1, it cannot be a diagonal and that part of the count is invalid. Ups! That's my mistake. You're right. Wave 3 must make a lower low than 1. Quote Would you mind posting the subwaves of (and subwaves of those subwaves) of your C? I will do it tomorrow. Quote Edit: How would you count the 1 as an impulse? Inside ending diagonals (red C), waves 1, 3 & 5: - are usually divided in ZigZags (the case for green 1 inside red C) - but may also be an pure impulse wave. Thanks! I can't wait :) In the mean time, I have made a chart of why I think there wasn't a 1 up and this is still corrective to the main trend that is still down imo. https://i.imgur.com/Bay2n3t.png ...and my count of that rise https://i.imgur.com/4Gu1MO3.png Title: Re: Trolololo's EW main count Post by: Trolololo on February 12, 2015, 09:21:16 AM RyNinDaCleM,
Well, my magenta 1 (15 Jan to 26 Jan) was also an ABC. I was not too convinced about grey C development (specially the orange 3), and your WXY is way better and fully convincing, in my opinion. ;) https://i.imgur.com/qllY07p.png Anyhow, we both agree that the wave from January 15th to 26th was an (grey) ABC zigzag corrective wave. Title: Re: Trolololo's EW main count Post by: RyNinDaCleM on February 12, 2015, 01:43:10 PM RyNinDaCleM, Well, my magenta 1 (15 Jan to 26 Jan) was also an ABC. I was not too convinced about grey C development (specially the orange 3), and your WXY is way better and fully convincing, in my opinion. ;) https://i.imgur.com/qllY07p.png Anyhow, we both agree that the wave from January 15th to 26th was an (grey) ABC zigzag corrective wave. Ah, ok I am not discounting the idea that it was the A of an even larger ABC either. If this is the case, we shall see a couple of weeks of trains and moons, threads calling the bottom and more threads announcing how stupid bears are... until it concludes in the mid-$300's. ;) |
