The One That Got Away

You’ve seen it before. My W1/A plot.

The logic behind it?

loD[i]<0 && loD[i+1]<0 && loD[i+2]<0 
   && stoch[i]<33
    && stoch[i]>27
   && High[i+10]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+10) 
   && High[i+9]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+9) 
   && High[i+8]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+8) 
   && High[i+7]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+7) 
   && High[i+6]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+6) 
   && High[i+5]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+5) 
   && High[i+4]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+4) 
   && High[i+3]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+3) 
   && High[i+2]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+2) 
   && High[i+1]>iMA(symbol,0,67,0,MODE_EMA,PRICE_LOW,i+1) 
   && Low[i]<iMA(symbol,0,67,0,MODE_EMA, PRICE_LOW,i)-30*Point 
   && Low[i]<Low[i+1]
   && iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,30,i+1))>iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,50,i+32))+50*Point

But never mind. This isn’t gonna be a complicated lesson.

I have made numerous logic throughout the years to spot an End of Wave 2 or a qualified Wave 1.

One thing has always been the same: Mr. Maroon.

Two 67-sample EMAs, one over the highs and one over the lows. A band where the Market Makers can make a reversal live or die.

Elliott Vape is in a purple haze about moving averages, relative strength or volatility whips.

Let’s discuss with the aid of the following image what a qualified Wave 1 / Wave A is and what isn’t.

The white swings were approved by market makers.

They all had a travel distance of at least a fluctuation size (32 pips).
They all had a pause of at least 20 hours of no touch of Mr. Maroon.
They all crossed over at least the closer band and
They all had a “ZERO” RSI2 HL2 reading (<2.3 or >96.3)

Quailified sound waves.

Now, let’s look at the failed reversal attempts. The First red attempt fulfilled the first 3 criteria, but closing back too low made the RSI2 reading fall way short of a ZERO.

The second red attempt did not reach the Market Maker line (#3).

The first orange swing was too short with 26 pips (#1) and the second orange lacked the pause before the run (#2).

During the volatility squeeze where the check marks are, there were no qualifying ZERO readings.

…but of course Elliott Beethowen sitting in his puff of smoke never heard of any of these things.

Now just the qualifying daily dose of music, and you’re good to go.

Yeah, you’re right, the last one that got away, the last white did not have a no-touch series of 20 hours preceding. So that’s a quail’s egg in the cuckoo nest. Not a Wave 1 – Wave 5 then?

That channeling warning was not kidding on the left: if I make a parallel with the Zero – Mastodon auto plot Axis and push it out to the swing high… See where price was smacked back down on the FOMC Wednesday.