Jump to content



Photo

RE-short term wave pattern


  • Please log in to reply
7 replies to this topic

#1 LarryT

LarryT

    Member

  • Traders-Talk User
  • 993 posts

Posted 04 December 2017 - 05:19 PM

Short term looking for a wave "3" top with solid resistance from 2651 to 2663 saw a big gap up open into the 2663 +/- 3 points resistance and tanked so be alert for a wave "4" correction into late January-early February then wave five toward the 2800 target resistance levels.

 

LT...d:^)


"If you are going to be dumb you gotta be tough"

Twitter site

d:^)

#2 salam

salam

    Member

  • Traders-Talk User
  • 1,004 posts

Posted 04 December 2017 - 07:00 PM

Ty for the update LT

Do you have a target zone for this wave 4 correction?

I was thinking 2450 area...then rally to 2800

Tia
I'm not sure what my future holds... But I know who holds it.

#3 LarryT

LarryT

    Member

  • Traders-Talk User
  • 993 posts

Posted 05 December 2017 - 08:03 AM

Ty for the update LT

Do you have a target zone for this wave 4 correction?

I was thinking 2450 area...then rally to 2800

Tia

 

If wave four is in progress as expected then 2613 to 2582 is the normal retrace target window.

 

LT


"If you are going to be dumb you gotta be tough"

Twitter site

d:^)

#4 salam

salam

    Member

  • Traders-Talk User
  • 1,004 posts

Posted 05 December 2017 - 08:36 AM

Ah well

 

Id better make most of the move then!


I'm not sure what my future holds... But I know who holds it.

#5 LarryT

LarryT

    Member

  • Traders-Talk User
  • 993 posts

Posted 05 December 2017 - 09:11 AM

Ah well

 

Id better make most of the move then!

 

Off the 1810 low I am still focused on where and when this wave completes  so for now 2465 is the major indication level and 2783 to 2868 is the wave five window so we see how it evolves this month for clues. BTW, you can get my projections for daily, weekly monthly at my Twitter site, linked below. I will continue until this wave completes if I live long enough,,,,d:^)


Edited by LarryT, 05 December 2017 - 09:16 AM.

"If you are going to be dumb you gotta be tough"

Twitter site

d:^)

#6 Swiss Trader

Swiss Trader

    Member

  • Traders-Talk User
  • 1,226 posts

Posted 05 December 2017 - 09:42 AM

I think the low made on friday (2605.52) will produce a reaction to the upside to the next resistance area 2690/2720 and then down till mid February/early March to 2440/2390


                                                             tLCTRQ5.jpg


#7 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 10,905 posts

Posted 05 December 2017 - 10:31 AM

I think the low made on friday (2605.52) will produce a reaction to the upside to the next resistance area 2690/2720 and then down till mid February/early March to 2440/2390

I see It won't take long for us to see Friday's low to be re-tested.


Edited by redfoliage2, 05 December 2017 - 10:34 AM.


#8 LarryT

LarryT

    Member

  • Traders-Talk User
  • 993 posts

Posted 05 December 2017 - 10:55 AM

My trend model shows 11-06 topped the up trend momentum and we are overdue for a 3% correction so we shall see.


"If you are going to be dumb you gotta be tough"

Twitter site

d:^)