[suriNotes]

Hi bubba,

Here is @ES X5 Pattern formation...

Usually in X5 patterns, the retracement of "B" gives a clue of what type of Pattern it may be forming. There are other rules it may have to form. But when "B" is retraced beyond 61.8% (Gartley), it may be suggesting a potential Butterfly or Crab pattern.

In this chart, B is 71%, suggesting may be a Butterfly (near 127% to 684) or Crab (near 162% to 614).

BTW, thanks for your kind comments about my book.

Regards,
Suri

Originally Posted by bubba »

noticed this pattern when i got home this evening. i haven't seen 1 of these on the daily before. anyone considering buying this low? i don't know about this 1


(not that i KNOW about any of them of course)

[suriNotes]

Gold's Wolfe Wave with ABC Bullish Pattern Update...

Regards,
Suri

Originally Posted by suriNotes »

Here is Gold's Wolfe Wave pattern to watch...

First Chart from Jan. 24th, 2009.
Second chart is an Update on Feb. 10th, 2009.

Regards,
Suri

[bubba]

Originally Posted by suriNotes »

Hi bubba,

Here is @ES X5 Pattern formation...

Usually in X5 patterns, the retracement of "B" gives a clue of what type of Pattern it may be forming. There are other rules it may have to form. But when "B" is retraced beyond 61.8% (Gartley), it may be suggesting a potential Butterfly or Crab pattern.

In this chart, B is 71%, suggesting may be a Butterfly (near 127% to 684) or Crab (near 162% to 614).

BTW, thanks for your kind comments about my book.

Regards,
Suri

thanks for the chart and explanation Suri.. very helpful.

[suriNotes]

Potential Wolfe Wave Setup in @ES.D (30m)?

Regards,
Suri

[taq]

DowJones daily chart

[waveslider]

Suri -
WW works best in choppy sideways markets - not trending. The run from 4 to 5 was too long. The move from 4-5 should be short and violent - scaring out the people who bought at pt. 4.

This is a chart of SPY 20 min.

There is a potential WW forming that could work nicely. Note pt 2 is a major high. Lots of overlap in the waves which means range. The move to pt. 5 is beginning rapidly, will momentum continue tomorrow morning?

The danger in this trade is the higher time frame - this is the top of a huge range, and a large channel. The peak last week formed at a perfect timing pt - (see the conversation on Andrews pitchfork where we marked the recent top).

If last weeks peak was the top, then the next andrews line points steeply down.

In the case of WW, the higher time frame always overrules. This one you have to be careful on and watch closely as the purple 1-3 line is broken.

[taq]

wave slider i want to thank you for this great thread

here i m posting two WW of same security of different time frame in all the criteria both look good but in opposite nature
what is your view about the same i will update as they unfolds

first one is 15-min & second 5-min

if something like this happened which you prefer
I am daytrader i like WW because of its high RRR(risk reward ratio)

[suriNotes]

Thanks Waveslider..

I'll check out WWs again.

Regards,
Suri