Odds continue to favor a wave FOUR triangle off the 1810 low completed May 03 at the 2594 low. Odds favor wave 1 completed and a shallow wave 2 is almost or even possibly completed, wave 3 toward 2946 to 3094 is about to get underway.
LT...d:^)
Posted 25 May 2018 - 08:23 AM
Odds continue to favor a wave FOUR triangle off the 1810 low completed May 03 at the 2594 low. Odds favor wave 1 completed and a shallow wave 2 is almost or even possibly completed, wave 3 toward 2946 to 3094 is about to get underway.
LT...d:^)
Posted 25 May 2018 - 06:10 PM
A triangle is 5 waves with each wave sub-divided into 3 waves. I believe the wave from the mid March high to the early April low was 5 waves rather than 3. If that is the case, the triangle formation is invalidated. How do you count the Mar high to April low as 3 waves?
Posted 25 May 2018 - 08:47 PM
A triangle is 5 waves with each wave sub-divided into 3 waves. I believe the wave from the mid March high to the early April low was 5 waves rather than 3. If that is the case, the triangle formation is invalidated. How do you count the Mar high to April low as 3 waves?
a of C 3-19 low 2694 b of C 3-21 at 2739, wave c of C was a three wave drop into the low of 4-02 at 2553 for 7 waves down completing wave C of the triangle.
d:^)
Posted 29 May 2018 - 02:59 PM
With VIX closing over 17, I thinks odds favor new lows.
Posted 29 May 2018 - 05:48 PM
Has a Bitcoin look to it even, and Bitcoin isn't done on the downside.
Posted 29 May 2018 - 08:04 PM
Well, I have 2660 to 2650 for a typical wave 2 so its still alive as of tonight. Still favoring the triangle pattern until it isn't.