SPX'S FRIDAY 12.4.2021 Road map if my count is correct!
Updated
We shall go down in ABC of Z of WXYXXZ . Last leg down !!!
ZigZag Rules:
A ZigZag is a three wave structure labeled A-B-C, generally moving counter to the larger trend. It is the most common three wave Elliott pattern. Zigzags are corrective in nature.
Wave A must be an Impulse or a Leading Diagonal.
Wave B can only be a corrective pattern.
Wave B must be shorter than Wave A by price. All internal points are considered.
Wave B must be at least 20% of A by price.
Although there is no minimum time constraint for Wave B, it must not exceed 10 times the time taken by Wave A.
Wave C must be an Impulse or an Ending Diagonal.
If Wave A is a Leading Diagonal, then Wave C must not be an Ending Diagonal.
Wave C must be longer than 90% of Wave B by price.
Wave C must be less than 5 times Wave B by price.
It is not allowable to have both Wave 5 of A a failure (Wave 5 is shorter then Wave 4) and Wave 5 of C a failure.
Wave C must be no more than 10 times either Wave A or B in price or time.
ZigZag Rules:
A ZigZag is a three wave structure labeled A-B-C, generally moving counter to the larger trend. It is the most common three wave Elliott pattern. Zigzags are corrective in nature.
Wave A must be an Impulse or a Leading Diagonal.
Wave B can only be a corrective pattern.
Wave B must be shorter than Wave A by price. All internal points are considered.
Wave B must be at least 20% of A by price.
Although there is no minimum time constraint for Wave B, it must not exceed 10 times the time taken by Wave A.
Wave C must be an Impulse or an Ending Diagonal.
If Wave A is a Leading Diagonal, then Wave C must not be an Ending Diagonal.
Wave C must be longer than 90% of Wave B by price.
Wave C must be less than 5 times Wave B by price.
It is not allowable to have both Wave 5 of A a failure (Wave 5 is shorter then Wave 4) and Wave 5 of C a failure.
Wave C must be no more than 10 times either Wave A or B in price or time.
Note
ES is invalidating our count, this count will be invalidated by passing 4600. Jut to be clear i have puts in place looking for cashing out even with a lose !Note
Got burns with my hedge guys, managed to get out with small profit. This is the moment of truth now. We got invalidated my ES + SPX, but here i see things going south i sold my puts, and NOW they are 30% Up :-( !!!! we will get them next time guys !!!
Note
Wave Z is in progress till proven otherwise this is the right count so far, ALGOS played us 1st hour into invalidation then dumped . One hard lesson learned !Note
Astonishing wave, how cool is this !!!Note
WXYXXZ is invalid at this moment !
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****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
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