Disliked{quote}Hope you realized (I'm sure you do) the E is just stuck there in open space. I think it could drag out 3 to 5 days more before it gets resolved. Or not.
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If you think you can or cannot do it you are correct
Trading For Those Who Have A Day Job 28 replies
Trading For Those Who Have A Day Job 0 replies
Disliked{quote}Hope you realized (I'm sure you do) the E is just stuck there in open space. I think it could drag out 3 to 5 days more before it gets resolved. Or not.
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DislikedOn hourly (60 min) chart it appears we are into wave 5 of 5 of wave c of abc of wave e of abcde which, if I am correct, means close to the end of the complete ABC Wave 4 correction on daily basis and resumption of bear to new lows. Phew. A mouthful.Anyway 1st chart shows overall picture and 2nd zooms in for more detail including approximate fib zone for wave 5. Time-wise probably within the next 4-6 60min bars (Sun night NYTime or latest Mon morn). {image} {image}
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DislikedOn hourly (60 min) chart it appears we are into wave 5 of 5 of wave c of abc of wave e of abcde which, if I am correct, means close to the end of the complete ABC Wave 4 correction on daily basis and resumption of bear to new lows. Phew. A mouthful.Anyway 1st chart shows overall picture and 2nd zooms in for more detail including approximate fib zone for wave 5. Time-wise probably within the next 4-6 60min bars (Sun night NYTime or latest Mon morn). {image} {image}
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Disliked{quote} Hi SunTrader with the big downmove today I think the e is in nowIgnored
Disliked{quote} Most likely, but it hasn't yet broken out the bottom of triangle. {image}Ignored
DislikedUSDJPY clean breakdown now out of wave 4 and subdividing nicely: {image}Ignored
Disliked{quote} How do you trade this? Is there an actual instrument to trade this or are you using it as a proxy for the stock market i.e upmove means downmove in thee stock marketIgnored
Disliked{quote} How do you trade this? Is there an actual instrument to trade this or are you using it as a proxy for the stock market i.e upmove means downmove in thee stock marketIgnored