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ABC patterns |
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maximo 
BullCharts Guru 
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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 Posted: 24 Jun 2009 at 7:41pm |
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Thanks for posting that link Jalna. I have an updated pic, half from that site and WES relabled.
Okay, it's my understanding that WES has not yet formed a valid C wave.
According to unbreakable rule 3. it cannot be the shortest.
 Edited by maximo - 24 Jun 2009 at 7:45pm |
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jalna
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Joined: 31 Mar 2007 Posts: 95 |
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Posted: 24 Jun 2009 at 8:44am |
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HI Maximo, here is a link to trading all these waves
http://www.wavecounts.com/theory/advanced.asp?s=fxF7Mn09M4KL8Sl1Kp9i41TY8K49 In your chart the A-B should roughly be in proportion to length, to the C- say D Actually the waves are counted as the, A wld be where your B is and the B where the C is and end would be C ( in EW speak that is) |
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maximo
BullCharts Guru
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Posted: 24 Jun 2009 at 12:19am |
Okay that's a start. Just check from the image that is what you want to look for.
In theory this should be simple... ie. 2 peaks or 2 troughs of say 5-10% within
a set period. eg. last 50 bars. 3 peaks could make a head & shoulders version.
Edited by maximo - 24 Jun 2009 at 12:32am |
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jalna
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Joined: 31 Mar 2007 Posts: 95 |
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Posted: 23 Jun 2009 at 9:33am |
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HI Maximo, In a rush but WES could be making a good one at the moment if the price comes back down to $20 odd .I will try and work out how to post a chart later.
Thanks for your reply. |
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maximo
BullCharts Guru
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Posted: 23 Jun 2009 at 3:26am |
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It would be tricky Jalna. Lets see.. you could use zig-zag indicator which uses percentages as it's swing amount. Save each previous swing amount% to say 3 variables. Awave, Bwave, Cwave. Then figure the values, parameters, comparisons that you want to scan for. If someone can post a chart with the lines on them of the wave type pattern you're looking for then I will attempt to write some code. Just flick through some charts with zig-zag set on 3-10% and post here. Actually I've been meaning to write a specialised triangle scan, so it would actually help me as well. Like /W pattern type rather than the resistance line with ascending support line. Edited by maximo - 23 Jun 2009 at 3:33am |
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jalna
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Joined: 31 Mar 2007 Posts: 95 |
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Posted: 22 Jun 2009 at 12:30pm |
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Do you think it would be possible to write a scan on BC to find ABC patterns. This pattern being linked to Elliot Wave. I have mucked around for awhile but not been able to select any of the BC scan possibilities that worked to my satisfaction
I am basically looking for a correction where the price falls, corrects up a bit then falls down again. The first fall and the second fall roughly being the same distance on a chart I have tried % swings etc. I think perhaps its not possible |
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