2 replies to this topic

[LarryT]

Average retrace 2798 achieved today so it starts getting interesting from here. More price and time needed to say it this is a wave "C" of a fourth or was the pattern from 1810 completed?

[tsharp]

Average retrace 2798 achieved today so it starts getting interesting from here. More price and time needed to say it this is a wave "C" of a fourth or was the pattern from 1810 completed?

 

It's possible from the daily and weekly charts to interpret the fractal count, wave-c:iv as complete... though we only just hit the second target I had for wave-iv:c:iv, so tentatively watching...

 

My SAR went long from the 2922 short in globex at 2757:

 

 

And if the low is in for wave-c:iv, this is what my SPX forecast from 4.9.16 looks like now:

 

4:9.16

 

Now:

Edited by tsharp, 16 October 2018 - 01:46 PM.

[LarryT]

 

Average retrace 2798 achieved today so it starts getting interesting from here. More price and time needed to say it this is a wave "C" of a fourth or was the pattern from 1810 completed?

 

It's possible from the daily and weekly charts to interpret the fractal count, wave-c:iv as complete... though we only just hit the second target I had for wave-iv:c:iv, so tentatively watching...

 

My SAR went long from the 2922 short in globex at 2757:

 

 

And if the low is in for wave-c:iv, this is what my SPX forecast from 4.9.16 looks like now:

 

4:9.16

 

Now:

 

In a five wave count "usually" only one of the three advancing waves is extended so my best guess is 2011 low to 2015 high is the extended wave. Best guess is 3062 would be the FIVE high with a outside shot at 3300 to 3360, so we see how this one plays out next few weeks for clues.