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#11 Waver

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Posted 15 January 2019 - 08:00 AM

Zoro
Sorry if I missed it
You are considering the rally off December 26ths Low as a Wave B or a Wave 4, correct?

#12 zoropb

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Posted 15 January 2019 - 08:25 AM

Yes.  It has been acting more like a 4 than anything else with all the crazy patterns and 3 waves. 


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#13 zoropb

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Posted 15 January 2019 - 08:45 AM

Here are the scenarios I have come up with.

 

1) down into say 3 day session levels off the 2600.25 high last night = 2572.50 to a half level more 67.75+- first and come up to fill cash gap and either new high or it is over.

2) close the cash gap first then tank to 2 to 2.5 weekly levels 2533.75-2517. Worst case for bulls as this could signal 4th wave over. 

3) close gap and new high then tank.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#14 Waver

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Posted 15 January 2019 - 08:53 AM

It is in position for the 4th agreed
And sure it is acting like a 4th
However once 2604 is taken out from underneath with this supposed 4th, do you agree it does turn into a Wave B?

#15 zoropb

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Posted 15 January 2019 - 09:15 AM

yes or a larger 2


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#16 zoropb

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Posted 15 January 2019 - 09:28 AM

If you go to the weekly to me time and price so far is a 4th wave specially after last night 2600.25 high.   We will know soon.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#17 Waver

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Posted 15 January 2019 - 09:37 AM

Breadth is Not backing down

#18 zoropb

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Posted 15 January 2019 - 09:44 AM

1 in for scalp 4.75 pts +-  one for trade to 65 area again.


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#19 zoropb

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Posted 15 January 2019 - 09:58 AM

Scenario 3 in play so far.  

 

Like last night but just 3 ins and outs.  Went in on the breach of 9.50 min bar to the upside figured not much more likely but bullish overall that we made that high. Even though we are open for 1 nasty correction now. 


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#20 zoropb

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Posted 15 January 2019 - 10:05 AM

and again.  lol


Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.