As of today's trading I can see enough pattern for a completed wave four triangle so we shall see it plays out.
LT....d:^)
Wave Pattern
Started by
LarryT
, May 03 2018 06:31 PM
6 replies to this topic
#1
LarryT
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#2
da_cheif
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#3
Waver
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Posted 04 May 2018 - 06:27 PM
What level is your official break out level?
#4
Dex
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Posted 04 May 2018 - 08:17 PM
Considering we are in a downtrend shouldn't the wave 5 break below wave 3?
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16
17_16
#5
da_cheif
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Posted 04 May 2018 - 10:03 PM
Considering we are in a downtrend shouldn't the wave 5 break below wave 3?
really ??? some down trend rising bottoms in the es since its low in feb does not equate with a down trend ......what are u lookin at??
#6
tsharp
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Posted 06 May 2018 - 05:24 PM
Considering we are in a downtrend shouldn't the wave 5 break below wave 3?
not necessarily in a corrective contacting triangle wave...
Link to SPX 60-min chart: https://postimg.cc/image/oka3gt0ft/
Edited by tsharp, 06 May 2018 - 05:24 PM.
#7
LarryT
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Posted 07 May 2018 - 07:15 AM
What level is your official break out level?
above 2745 gets very high odds of a breakout next 2765 is the Monthly projected high so above that it has broken out of the triangle wave four and triangles only occur at the wave four position in a five wave sequence so the pattern since January is not a wave two.
