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#11 zoropb

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Posted 30 January 2019 - 10:51 AM

this last pop looked more impulsive than corrective so will wait on a half L back and go in on a 3rd.


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


#12 zoropb

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Posted 30 January 2019 - 11:11 AM

sorry guys meant to say 1/4 to a 1/2 L on correction.   From the last pivot, the 46.50 low we take 1.5Lx comes up at 59.75+-


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


#13 zoropb

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Posted 30 January 2019 - 11:18 AM

The reason I said 1.5 is because if it is or at this point was an impulse it should go over the last morning high and 1 level would not do it but 1.5 does. Now we got here to the probable target on a 3rd of this move so we could see a 1/4 to half more on the 5th before another 1+- level correction.


Edited by zoropb, 30 January 2019 - 11:18 AM.

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


#14 zoropb

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Posted 30 January 2019 - 11:36 AM

ok the high being 60.25 on the probable 3rd wave we get a likely 1/2 L correction so 60.25- 4.50 = 55.75=- and from the low print here we should go 3/4 to one full L up.


Edited by zoropb, 30 January 2019 - 11:37 AM.

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


#15 zoropb

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Posted 30 January 2019 - 11:56 AM

From the 56.50 we add 3/4L to the price 56.50+ 6.50= 62+-

 

Now from this high subtract  1 Level +-1/4. 


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


#16 zoropb

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Posted 30 January 2019 - 12:03 PM

im out looking for the short soon.   Looks like they are going for a full L so add the 2.25 = 64.25+-


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


#17 zoropb

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Posted 30 January 2019 - 12:07 PM

Gap closed in cash. This is why I said do not stay to long in the shorts because of that gap. As most of you know they almost always get filled after big runs either way. 


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


#18 zoropb

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Posted 30 January 2019 - 12:18 PM

We are now near 3.5 Levels off the session low last night. 67.25 so be a little careful here but this 3rd really extended. 


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 30 January 2019 - 12:25 PM

1 L down =58+-


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


#20 Gumper

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Posted 30 January 2019 - 12:50 PM

Z, I probably missed a post on this but how do you determine you level value such as 8.75 for today? Do you use yesterday's range?

Thanks