Lloyds

To the EWT therapists

Could the recent retrace be the 4th wave of wave 3?

Wave 3 may have come to an end. Possible direction of Wave 4 based on the length and time of Wave 3?

Thoughts?

dl.dropbox.com/s/jeb5ivj4rd7umm3/Lloy%203.png

Broad Rock,

Yea, I have been taught that wave 2 can retrace anything between 50 and something like 78%, although it has been known to retrace further, as long as it doesn't retrace 100% obviously.

Wave 5 is often a similar length to wave 1 as well I have been advised.

Everything you state in your post fits in the EWT guidelines from what I have picked up.

The way i see it though, there are set rules within the theory obviously, but alot of them are just guidelines with flexibility - there is a heck of alot of subjectivity and scope.

As well as Jackozy et al - I have saw some great material on dailyfx website aswell

This has probably been posted before aswell:

dl.dropbox.com/u/63552262/Resources/Elli...Wave%20Principle.pdf

Not an expert view but;

This is what I see and how I would count the current waves, but there is a good chance this is wrong..

Weekly Chart.

dl.dropbox.com/u/43650856/Lloyds%20Weekl...-%20%209th%20Jan.htm

Wave 2 retraced over 76.4% which is ok I think.

Wave 3 has passed the 1.618 of wave 1 which is great for whoever bought it at 25-30p and is ok in wave terms too, I think.
It could go higher, (I would not sell it to trade wave 4), but if it did fall to 41-43 area I might buy the wave 5, depending on signals then..

I would like to hear others views on this also..

Ok after reading Jackozy's blog, using some simple yet taxing (for me) maths, some free charting software, downloading and registering for Dropbox and impatiently skipping through Remo's very helpful dropbox video this was the best I could manage for this evening.

It's the first chart I have ever posted online so be nice. I am not quite sure what to expect next though apart from maybe expecting a retrace to 40

I'm getting there slowly but surely.




Edit : It didn't work so the link will have to do for now.

www.dropbox.com/s/zfhnobc6yhpn4y4/Lloy.png

Edit 2 : Just some extra thoughts. 42 area as a possible wave 4? Would love the opinions of an expert on EWT as to whether any of this could be valid.

www.dropbox.com/s/75hcx20fimboikz/Lloy%202.png?m

Just back, apologies, typo with the 181.