X-Account-Key: account7 X-UIDL: 1239775597.26143.mail48,S=53731 X-Mozilla-Status: 0011 X-Mozilla-Status2: 00000000 X-Mozilla-Keys: Return-Path: Delivered-To: ron@1166093.1882787 Received: (qmail 26137 invoked by uid 78); 15 Apr 2009 06:06:37 -0000 Received: from unknown (HELO ns-mr18.netsolmail.com) (205.178.146.50) by 0 with SMTP; 15 Apr 2009 06:06:37 -0000 Received: from n63d.bullet.mail.sp1.yahoo.com (n63d.bullet.mail.sp1.yahoo.com [98.136.45.88]) by ns-mr18.netsolmail.com (8.13.6/8.13.6) with SMTP id n3F66X9K030881 for ; Wed, 15 Apr 2009 02:06:33 -0400 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=yahoogroups.com; s=lima; t=1239775592; bh=jVp9b7tihKmfp7sIiEIhY41hLiYy50yFrDcU1/49w14=; h=Received:Received:X-Yahoo-Newman-Id:X-Sender:X-Apparently-To:X-Received:X-Received:X-Received:X-Received:To:References:In-Reply-To:Message-ID:X-Mailer:Thread-Index:Content-Language:X-Originating-IP:X-eGroups-Msg-Info:From:X-Yahoo-Profile:Sender:MIME-Version:Mailing-List:Delivered-To:List-Id:Precedence:List-Unsubscribe:Date:Subject:Reply-To:X-Yahoo-Newman-Property:Content-Type; b=gLlD4UESyjarLNg9bN9R8ctvkB28ZMS2aNUIBgJy3+Virw0qjTB7Uz2JWMvxPdpk33INVss0aivPXCnvMs/kMqOUtzFXL9harNAOr04RPcGlvjPJift0Ib9WNgs4DkJl DomainKey-Signature: a=rsa-sha1; q=dns; c=nofws; s=lima; d=yahoogroups.com; b=GyEPU2PnPcahvcA910Efo00aH9xtsObWqK0+HQXExXIGL0yeICJyR5RK4tB2x6YdUKxrsGW82U5OFjO5tsbhK21p74ByxmiOGD8235gOtpHGAN49PAuyVZ1PcFH5V0Rf; Received: from [69.147.65.173] by n63.bullet.mail.sp1.yahoo.com with NNFMP; 15 Apr 2009 06:06:32 -0000 Received: from [98.137.34.41] by t15.bullet.mail.sp1.yahoo.com with NNFMP; 15 Apr 2009 06:06:32 -0000 X-Yahoo-Newman-Id: 12111071-m92431 X-Sender: gmorlan@tampabay.rr.com X-Apparently-To: metatrader_experts_and_indicators@yahoogroups.com X-Received: (qmail 88873 invoked from network); 15 Apr 2009 06:06:30 -0000 X-Received: from unknown (69.147.108.202) by m5.grp.sp2.yahoo.com with QMQP; 15 Apr 2009 06:06:30 -0000 X-Received: from unknown (HELO hrndva-omtalb.mail.rr.com) (71.74.56.122) by mta3.grp.re1.yahoo.com with SMTP; 15 Apr 2009 06:06:30 -0000 X-Received: from nunswen0cecy73 ([72.184.17.31]) by hrndva-omta04.mail.rr.com with ESMTP id <20090415060117915.BJWR14673.hrndva-omta04.mail.rr.com>; Wed, 15 Apr 2009 06:01:17 +0000 To: "'syed mo'" References: <004201c9ba3a$14194640$3c4bd2c0$@rr.com> <000301c9baf3$6076fdc0$2164f940$@rr.com> <743806fd0904120830r7f04e1c2na4a0fd1faf6fe6ce@mail.gmail.com> <000601c9bb92$487eab10$d97c0130$@rr.com> <743806fd0904121822g636fe220xa351bcd556db2457@mail.gmail.com> <001201c9bbf4$e73e6490$b5bb2db0$@rr.com> <743806fd0904122219s4adcd763ie3515fca1683cb77@mail.gmail.com> <000901c9bc41$02e72a50$08b57ef0$@rr.com> <743806fd0904132212x4e472ff9p9a2352588aec2b2e@mail.gmail.com> <001501c9bd42$de5ba910$9b12fb30$@rr.com> <743806fd0904141913k5030755bp33264a25ac72458c@mail.gmail.com> In-Reply-To: <743806fd0904141913k5030755bp33264a25ac72458c@mail.gmail.com> Message-ID: <000001c9bd8f$9b60dfc0$d2229f40$@rr.com> X-Mailer: Microsoft Office Outlook 12.0 Thread-Index: Acm9b7fVkrcl2naARiCJFp8BjYV80wAHX0qQ Content-Language: en-us X-Originating-IP: 71.74.56.122 X-eGroups-Msg-Info: 1:12:0:0:0 From: "Loren Morlan" X-Yahoo-Profile: lorenmorlan Sender: MetaTrader_Experts_and_Indicators@yahoogroups.com MIME-Version: 1.0 Mailing-List: list MetaTrader_Experts_and_Indicators@yahoogroups.com; contact MetaTrader_Experts_and_Indicators-owner@yahoogroups.com Delivered-To: mailing list MetaTrader_Experts_and_Indicators@yahoogroups.com List-Id: Precedence: bulk List-Unsubscribe: Date: Wed, 15 Apr 2009 02:01:23 -0400 Subject: RE: [MT_E and I] AUD/USD, 4/14/09, DAILY Reply-To: MetaTrader_Experts_and_Indicators@yahoogroups.com X-Yahoo-Newman-Property: groups-email-ff-m Content-Type: multipart/alternative; boundary="----=_NextPart_000_0001_01C9BD6E.144F3FC0" X-Antivirus: AVG for E-mail 8.5.285 [270.11.56/2058] ------=_NextPart_000_0001_01C9BD6E.144F3FC0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit Over 60% of retracements are between 38.2 and 61.8. Yes the lower is more sensitive and traces below sometimes in Wave 3. The upper was above its zero line during 3. The highest MACD values usually occur at wave three high which was the case in this example. Yes 5/15/30 should all agree with lower indicator below its zero lines, some also require the 1 hour below also before entry short. Remember this is not an impulse wave and requires care for trading against an established up trend. There is more uncertainty in wave 2 and 4 re retracement. Top of wave 3 is the left shoulder, wave 5 high is the head, neck line is between wave 4 low and wave a low. Right shoulder at wave b high. Wave c completes the 8 waves. There are 4 possible corrective patterns discussed in Prechter's book that form subsequent to 5. Lower risk waves are impulse, 3, 5, a and c. Loren From: syed mo [mailto:moi.syed@gmail.com] Sent: Tuesday, April 14, 2009 10:13 PM To: Loren Morlan Subject: Re: [MT_E and I] AUD/USD, 4/14/09, DAILY Hi Loren Thanks for the Great analysis; I am just wondering how to distinguish (visualize) between extension and actual wave. In this case previous extensions were also traced by lower indicator cross below 0 ? for wave 4 what is logical fib extension target ? Also do you look for lower time frames for entries when wave identified in daily charts ? Thanks Syed Thanks for your time On Tue, Apr 14, 2009 at 4:52 PM, Loren Morlan wrote: Syed, I attach the cart above mentioned. The two MACD different speed indicators trace EW count in this period. Price is most likely at the top of twice extended wave 3. It is possible price could trace another extension or a double top. The lower indicator suggests when below its zero line start of corrective wave 4 which has 3 waves down. The lower indicator does a better job of tracing this wave. Loren From: syed mo [mailto:moi.syed@gmail.com] Sent: Tuesday, April 14, 2009 1:13 AM To: Loren Morlan Subject: Re: [MT_E and I] GBP/USD, 4/12/09, DAILY Hi Loren Thanks for the explanation and the education. I have been reading your analysis for a while with great interest but never able to implement on trading. I am keen to learn the whole system and be your student if its okay and convenient with you as I don't know much about elliot waves. Now back to the indicator, there is good news and bad news. Bad is I can't use the icustom parameters for Macd_colored to create alerts. However I was able to match this by using one of the other indicator called ZeroLag Macd which I have been using for a while within one of my EA. Once switch the exact settings i.e. 5,15,1 it gives you exact crossover as Macd_colored. I have made all the changes and have the input available as extern so you it can be changed easily within EA properties. Note you need to save Zerolag Macd in your indicators folder to have the ACSignal1 work. Please try and let me know how it works. Syed On Mon, Apr 13, 2009 at 10:06 AM, Loren Morlan wrote: Yes, once I placed AC on the charts signals were generated and it does seem to work as noted. Syed I use the daily period and the lower MACD to ascertain probable Elliott wave low and high points. This indicator does a much better job by around two days earlier in finding those turning points in the cycle. I have used the lower indicator for the last year or so and know it does over time give us the best signals as opposed to AC. I also use the 5/15/30 minute periods and the lower indicator to find better lower risk entries once I know where the daily EW cycle is located. The lower MACD inputs tab appears to offer "Alert_On" however there is no option under the Value column. Email_Alert is by default set to "false". It seems the author of this indicator anticipated an audible/visable alert but failed to code this feature. Audible and visual warnings for all time frames is critical to its usefulness in a trading scenario. When we switch between different time frames will the alert function display for that period the last MACD lower indicator signal? This is an important feature. An audible alert will only be heard when the time frame being used generates a MACD cross and also a window warning of that cross? The next issue, can you make the arrows one size larger and separated further from the price bar, they will be better visualized. Thank you for this work. I hope that you will also benefit from the two MACD indicators. Loren From: syed mo [mailto:moi.syed@gmail.com] Sent: Monday, April 13, 2009 1:19 AM To: Loren Morlan Subject: Re: [MT_E and I] GBP/USD, 4/12/09, DAILY Hi Loren I have this on in my charts and seems to be creating alerts fine. SoundAlert to 1 is correct. You can try to recompile and reattach. Right click on ACSignal from "Customs Indicators" list and Modify, once you have Editor window open, Close your Program then from menu File > Compile (you should see "0 error(s), 0 warning. Open your program and reattach the indicator. I will see if I can modify according to Macd Colored. Thanks Syed On Mon, Apr 13, 2009 at 1:01 AM, Loren Morlan wrote: Hi Syed, I did place the AC indicator on my charts (5 minute) and set SoundAlert to 1. There has been no sound alert when AC bars cross its zero line. It is important to have the alerts used on the MACD indicator using DEMAs, this causes earlier signals. Thank you for your assistance. Loren From: syed mo [mailto:moi.syed@gmail.com] Sent: Sunday, April 12, 2009 9:22 PM To: Loren Morlan Subject: Re: [MT_E and I] GBP/USD, 4/12/09, DAILY Hi Loren Please see updated attached indicator. It should fix earlier alerts problem. Can you please double check if there is any anamoly between Macd colord in your chart with actual AC as this being used in signal indicator. There could be premature (repaint) signal occurence which should disappear once chart refereshed. Unfortunately this is the case with most mt4 indicators due to using CURRENT bar for calculation. Syed On Sun, Apr 12, 2009 at 1:15 PM, Loren Morlan wrote: Hi Syed, I attach the above chart which shows an error in the alert system. The red arrow on the chart is two bars late with respect to the actual AC bar below zero. I have placed a black arrow on the bars where this alert should have occurred. There are other instances in the chart attached when the arrow appears late with respect to AC below or above its zero line. In addition, the alerts are firing multiple alerts of both buy and sell at the same time. When you revisit the code issue can these problems be addressed. Thank you again Syed for your assistance in improving the function of this indicator. Loren From: syed mo [mailto:moi.syed@gmail.com] Sent: Sunday, April 12, 2009 11:30 AM To: Loren Morlan Subject: Re: [MT_E and I] USD/JPY, 4/10/09, DAILY Elliott Wave at Wave 5 high Hi Loren Thanks for pointing out. I realize that its not able to memorize last signal correctly. This may cause excessive alerts in live market as well. Will be working on to fix this problem and will require some testing during the market hours. I will send you update as soon as its done. Syed On Sat, Apr 11, 2009 at 6:18 PM, Loren Morlan wrote: Hi Syed, Thank you for this modified indicator. I applied this alert indicator to the daily EUR/USD today, a signal alert appeared indicating "AC Primary Buy" as the latest recorded signal at 17:50:45. However, in this period the most recent AC cross is below zero and a red arrow appears above the candle incident to that latest signal. The message should be "AC Primary Sell". The arrow size and locations are perfect. The arrows do memorialize the candle at which AC crosses its zero line. Can you change the Indicator alert message to recognize either a buy or sell condition for the time period studied? Thank you for this valuable added feature. Loren From: syed mo [mailto:moi.syed@gmail.com] Sent: Saturday, April 11, 2009 3:10 PM To: gmorlan@tampabay.rr.com Subject: Re: [MT_E and I] USD/JPY, 4/10/09, DAILY Elliott Wave at Wave 5 high Hi Loren I have updated this indicator to show AC signals as u requested. Sound alert can be turned off in indicator properties and email alert by default is false. Regards Syed On Fri, Apr 10, 2009 at 8:11 PM, Loren Morlan wrote: Attached daily chart of the above pair uses two different MACD indicators similar to Dr. William's indicators, AO and AC. These two similar indicators always trace some part of the Elliott wave cycle Each of the 5 waves thus far traced by price are identified by these indicators, AO, upper and AC, lower. The upper slower indicator AO, often does not recognize Wave 2 low. The lower AC is faster and therefore more sensitive and does recognize Wave 2 low below its zero line. Both indicators report their highest values incident to Wave 3 high and later extended Wave 3 high. Extended Wave 3 is recognized by AC when price moves higher while the indicator loses value/strength. Wave 4 is first recognized when AC traces a bar below its zero line. Price characteristics of Waves 2 and 4 are different and are recognized by AC. Market makers are not sure of Wave 1 whereas they are sure of Wave 3/ext.3 high and thus more aggressively short corrective wave 4. Typically AC is well ahead of AO regarding the start of Wave 4. Another important objective reverse positive divergence occurs between the fractal lows of Waves 2 and 4, traced by the AC indicator. Waves 3 and 5 are more easily recognized by market makers. AC has now traced a red bar below its zero line suggesting the end of Wave 5 and commencement of corrective Wave A an impulse wave. Like Wave 3 high AC is well ahead of AO with respect to start of corrective wave A. Comments; Use of these indicators in the weekly and monthly period suggests that a longer term price change may occur. 87.10 may be the low of corrective Wave C in the monthly chart. This is not certain and magnitude of the expected corrective waves in the daily will likely indicate whether we will see lower price in the two longer periods. These two indicators often offer accurate insight to a correct Elliott Wave Count in any period examined. A partial head and shoulders is present now. Head at 5, left shoulder at 3. Wave (impulse) A low will be the neck, Wave B high (corrective of A) will be the right shoulder high which will traces an AO classic negative divergence between the two shoulders. Wave C (impulse) low completes the eight waves. I suggest and request the lower indicator be modified to allow an audible alarm when AC traces above or below its zero line with a corresponding red or green arrow (above or below) the price bar where that event occurs. Loren ------=_NextPart_000_0001_01C9BD6E.144F3FC0 Content-Type: text/html; charset=US-ASCII Content-Transfer-Encoding: 7bit


Over 60% of retracements are between 38.2 and 61.8.   Yes the lower is more sensitive and traces below sometimes in Wave 3.  The upper was above its zero line  during 3.  The highest MACD values usually occur at wave three high which was the case in this example.

 

Yes 5/15/30  should all agree with lower indicator below its zero lines, some also require the 1 hour below also before entry short.  Remember this is not an impulse wave and requires care for trading against an established up trend.  There is more uncertainty in wave 2 and 4 re retracement.

 

Top of wave 3 is the left shoulder, wave 5 high is the head, neck line is between wave 4 low and wave a low.  Right shoulder at wave b high.  Wave c completes the 8 waves.  There are 4 possible corrective patterns discussed in Prechter’s book that form subsequent to 5.  Lower risk waves are impulse, 3, 5, a and c.

Loren

 

From: syed mo [mailto:moi.syed@gmail.com]
Sent: Tuesday, April 14, 2009 10:13 PM
To: Loren Morlan
Subject: Re: [MT_E and I] AUD/USD, 4/14/09, DAILY

 

Hi Loren

 

Thanks for the Great analysis; I am just wondering how to distinguish (visualize) between extension and actual wave.

In this case previous extensions were also traced by lower indicator cross below 0 ? for wave 4 what is logical fib extension target ?
Also do you look for lower time frames for entries when wave identified in daily charts ?

Thanks

Syed

 

Thanks for your time

On Tue, Apr 14, 2009 at 4:52 PM, Loren Morlan <gmorlan@tampabay.rr.com> wrote:

Syed,

 

I attach the cart above mentioned.  The two MACD different speed indicators trace EW count in this period. 

 

Price is most likely at the top of twice extended wave 3.  It is possible price could trace another extension or a double top.  The lower indicator suggests when below its zero line start of corrective wave 4 which has 3 waves down.  The lower indicator does a better job of tracing this wave.

 

Loren

 

From: syed mo [mailto:moi.syed@gmail.com]
Sent: Tuesday, April 14, 2009 1:13 AM
To: Loren Morlan
Subject: Re: [MT_E and I] GBP/USD, 4/12/09, DAILY

 

Hi Loren

 

Thanks for the explanation and the education. I have been reading your analysis for a while with great interest but never able to implement on trading. I am keen to learn the whole system and be your student if its okay and convenient with you as I don't know much about elliot waves.

 

Now back to the indicator, there is good news and bad news. Bad is I can't use the icustom parameters for Macd_colored to create alerts. However I was able to match this by using one of the other indicator called ZeroLag Macd which I have been using for a while within one of my EA.

Once  switch the exact settings i.e. 5,15,1 it gives you exact crossover as Macd_colored. I have made all the changes and have the input available as extern so you it can be changed easily within EA properties.

 

Note you need to save Zerolag Macd in your indicators folder to have the ACSignal1 work.

 

Please try and let me know how it works.

 

Syed

On Mon, Apr 13, 2009 at 10:06 AM, Loren Morlan <gmorlan@tampabay.rr.com> wrote:

Yes, once I placed AC on the charts signals were generated and it does seem to work as noted.

 

Syed I use the daily period and the lower MACD to ascertain probable Elliott wave low and high points.  This indicator does a much better job by around two days earlier in finding those turning points in the cycle.  I have used the lower indicator for the last year or so and know it does over time give us the best signals as opposed to AC. 

 

I also use the 5/15/30 minute periods and the lower indicator to find better lower risk entries once I know where the daily EW cycle is located.

 

The lower MACD inputs tab appears to offer “Alert_On” however there is no option under the Value column.   Email_Alert is by default set to “false”.  It seems  the author of this indicator anticipated an audible/visable alert but failed to code this feature.  Audible and visual warnings for all time frames is critical to its usefulness in a trading scenario. 

 

When we switch between different time frames will the alert function display for that period the last MACD lower indicator signal?  This is an important feature.  An audible alert will only be heard when the time frame being used generates a MACD cross and also a window warning of that cross?

 

The next issue, can you make the arrows one size larger and separated further from the price bar, they will be better visualized.  Thank you for this work.  I hope that you will also benefit from the two MACD indicators. 

 

Loren

 

 

From: syed mo [mailto:moi.syed@gmail.com]
Sent: Monday, April 13, 2009 1:19 AM
To: Loren Morlan


Subject: Re: [MT_E and I] GBP/USD, 4/12/09, DAILY

 

Hi Loren

 

I have this on in my charts and seems to be creating alerts fine. SoundAlert to 1 is correct.

You can try to recompile and reattach.

 

Right click on ACSignal from "Customs Indicators" list and Modify, once you have Editor window open, Close your Program

then from menu File > Compile  (you should see "0 error(s), 0 warning.

 

Open your program and reattach the indicator.

 

I will see if I can modify according to Macd Colored.

 

Thanks

Syed

On Mon, Apr 13, 2009 at 1:01 AM, Loren Morlan <gmorlan@tampabay.rr.com> wrote:

Hi Syed,

 

I did place the AC indicator on my charts (5 minute) and set  SoundAlert to 1.  There has been no sound alert when AC bars cross its zero line.  It is important to have the alerts used on the MACD indicator using DEMAs,  this causes earlier signals.  Thank you for your assistance.

Loren

 

From: syed mo [mailto:moi.syed@gmail.com]
Sent: Sunday, April 12, 2009 9:22 PM
To: Loren Morlan


Subject: Re: [MT_E and I] GBP/USD, 4/12/09, DAILY

 

Hi Loren

 

Please see updated attached indicator.

 

It should fix earlier alerts problem.

Can you please double check if there is any anamoly between Macd colord in your chart with actual AC as this being used in signal indicator.

 

There could be premature (repaint) signal occurence which should disappear once chart refereshed. Unfortunately this is the case with most mt4 indicators due to using CURRENT bar for calculation.

 

Syed

 


 

On Sun, Apr 12, 2009 at 1:15 PM, Loren Morlan <gmorlan@tampabay.rr.com> wrote:

Hi Syed,

 

I attach the above chart which shows an error in the alert system.  The red arrow on the chart is two bars late with respect to the actual AC bar below zero.  I have placed a black arrow on the bars where this alert should have occurred.  There are other instances in the chart attached when the arrow appears late with respect to AC below or above its zero line.

 

In addition, the alerts are firing multiple alerts of both buy and sell at the same time.  When you revisit the code issue can these problems be addressed.  Thank you again Syed for your assistance in improving the function of this indicator.

 

Loren

 

From: syed mo [mailto:moi.syed@gmail.com]
Sent: Sunday, April 12, 2009 11:30 AM
To: Loren Morlan
Subject: Re: [MT_E and I] USD/JPY, 4/10/09, DAILY Elliott Wave at Wave 5 high

 

Hi Loren

 

Thanks for pointing out.

 

I realize that its not able to memorize last signal correctly.
This may cause excessive alerts in live market as well.

Will be working on to fix this problem and will require some testing during the market hours.

 

I will send you update as soon as its done.

 

Syed

 

 

On Sat, Apr 11, 2009 at 6:18 PM, Loren Morlan <gmorlan@tampabay.rr.com> wrote:

Hi Syed,

 

Thank you for this modified indicator.  I applied this alert indicator to the daily EUR/USD today, a signal alert appeared indicating “AC Primary Buy” as the latest recorded signal at 17:50:45.  However, in this period the most recent AC cross is below zero and a red arrow appears above the candle incident to that latest signal.   The message should be “AC Primary Sell”.

 

The arrow size and locations are perfect.  The arrows do memorialize the candle at which AC crosses its zero line.  Can you change the Indicator alert message to recognize either a buy or sell condition for the time period studied?

 

Thank you for this valuable  added feature. 

 

Loren

 

From: syed mo [mailto:moi.syed@gmail.com]
Sent: Saturday, April 11, 2009 3:10 PM
To: gmorlan@tampabay.rr.com
Subject: Re: [MT_E and I] USD/JPY, 4/10/09, DAILY Elliott Wave at Wave 5 high

 

Hi Loren

 

I have updated this indicator to show AC signals as u requested.

Sound alert can be turned off in indicator properties and email alert by default is false.

 

Regards

Syed

On Fri, Apr 10, 2009 at 8:11 PM, Loren Morlan <gmorlan@tampabay.rr.com> wrote:

 

Attached daily chart of the above pair uses two different MACD indicators similar to Dr. William’s indicators, AO and AC.

 

These two similar indicators always trace some part of the Elliott wave cycle  Each of the 5 waves thus far traced by price are identified by these indicators, AO, upper and AC, lower.  The upper slower indicator AO, often does not recognize Wave 2 low.   The lower AC  is faster and therefore more sensitive and does recognize Wave 2 low below its zero  line.  Both indicators report their highest values incident to Wave 3 high and later extended Wave 3 high.   Extended Wave 3 is recognized by AC when price moves  higher while the indicator loses value/strength.

 

Wave 4 is first recognized when AC traces a bar below its zero line.   Price characteristics of Waves 2 and 4 are different and are recognized by AC.  Market makers are not sure of Wave 1  whereas they are sure of Wave 3/ext.3 high and thus more aggressively short corrective wave 4.   Typically AC is well ahead of AO regarding the start of Wave 4.   Another important objective reverse positive divergence occurs between the fractal lows of Waves 2 and 4, traced by the AC indicator. 

 

Waves 3 and 5 are more easily recognized by market makers.   AC has now traced a red bar below its zero line suggesting the end of Wave 5 and commencement of corrective Wave A an impulse wave.   Like Wave 3 high AC is well ahead of AO with respect to start of corrective wave A. 

 

Comments;

Use of these indicators in the weekly and monthly period suggests that a longer term price change may occur.  87.10 may be the low of corrective Wave C in the monthly chart.  This is not certain and magnitude of the expected  corrective waves in the daily will likely indicate whether we will see lower price in the two longer periods.

 

These  two indicators often offer accurate insight to a correct Elliott Wave Count in any period examined.

 

A partial head and shoulders is present now.  Head at 5, left shoulder at 3.   Wave (impulse) A low will be the neck,  Wave B high (corrective of A) will be the right shoulder high which will traces an AO classic negative divergence between the two shoulders.   Wave C (impulse) low completes the eight waves.

 

I suggest and request the lower indicator be modified to allow  an audible alarm when AC traces above or below its zero line with a corresponding red or green arrow (above or below) the price bar where that event occurs.

 

Loren

 

 

 

 

 

 

 

 

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