ABC patterns

   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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maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 24 Jun 2009 at 7:41pm
	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

jalna Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 31 Mar 2007 Posts: 95	Post Options Post Reply Quote jalna Report Post Quote Reply Posted: 24 Jun 2009 at 8:44am
	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)

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply 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

jalna Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 31 Mar 2007 Posts: 95	Post Options Post Reply Quote jalna Report Post Quote Reply Posted: 23 Jun 2009 at 9:33am
	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.

maximo Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 02 Sep 2006 Location: Australia Posts: 232	Post Options Post Reply Quote maximo Report Post Quote Reply Posted: 23 Jun 2009 at 3:26am
	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

jalna Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 31 Mar 2007 Posts: 95	Post Options Post Reply Quote jalna Report Post Quote Reply Posted: 22 Jun 2009 at 12:30pm
	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