Jump to content



Photo

1/30


  • Please log in to reply
23 replies to this topic

#1 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 29 January 2019 - 05:39 PM

Level is 8.75 / 4.50

 

 


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


#2 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 07:55 AM

Good morning everyone. Just wanted to point out the overnight movement so far. 

 

overnight low 36.25 and we just hit 2 x L or +(8.75x2) 17.50 = 53.75. and the print was 55.25.   When we reach a level and show overbought on your fav. oscillator or oversold you may want to take profit or look for an entry on a breach set up.  We should correct 1/2 to 3/4 level off a 3rd wave we just hit. Then back up. From that pivot low likely a level up. 


Edited by zoropb, 30 January 2019 - 07:56 AM.

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


#3 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 08:08 AM

It is getting there.  So from the high 55.25- 3/4L (6.50) = 48.75 the likely turn up for the 5th of this move off the low.


Edited by zoropb, 30 January 2019 - 08:08 AM.

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


#4 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 08:13 AM

Looking it over we need a small 5th on this move so the 1/2 level probably was enought with a shallow 5th high of 3.  6.50 +50.= 56.50 turn down 3/4 from there.


Edited by zoropb, 30 January 2019 - 08:16 AM.

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


#5 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 08:15 AM

It is a close call and not trading it again until it corrects. 


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


#6 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 08:31 AM

now that we hit target I start to look for the breach up on 3rd wave.


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


#7 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 08:47 AM

I am out of half. From the breach of 8:38 min bar.    Now if we take the 49 low add a level and get 57.75+- the next target area. 


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


#8 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 08:55 AM

At this point I like to take a closer look at the weekly. We have gone 1.5 levels aprox. off the low. Since we are a closer to highs than lows I would think we get at least 2 to 2.5 levels in the up direction from having aprox. 2.5 trading days left. 

This would put us at:

2x week L (28.25) add the low 22.25=  78.75. Has a good shot of getting tapped.

2.5L = 93+-


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


#9 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 09:31 AM

Bailed at 55. So we probably get a half level to one full level correction now from that high.


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


#10 zoropb

zoropb

    Member

  • Traders-Talk User
  • 8,290 posts

Posted 30 January 2019 - 10:29 AM

Now that I am out of this correction pop. If it is that.  I think we are going to correct the entire move from yesterday's low around 10:55+- if so expect at least 1.5 levels or 43.75 off the high of 56.75.


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