DrSP

I just posted this in Swing Board for your questions. It's a 'fully moderated' board, whatever it means, almost always take a day or so for my post to show up. So I post it here the 'fast board' for you, folks might find it interesting too. Good luck.

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Thanks, iloli. We are in an ascending wedge since ~ May 10th or so.

#1 ---Since ascending wedges can break lower, frequently at ~ 2/3 rds of the wedge,

#2 ---is it possible that we are going sharply below 1310 this time?

#3 ---What would be a confirmation that below 1310 scenario is off the table?

Hi DrSP, sorry late in reply than I'd like to. Had problem with Forexpros charting Sunday, so been only updating my blog, OK now.

I trade between lines that I can pre draw per evidence provided by price. BO/ BD is only head and tail, the continuation is the middle part of the fish. Even tho I don't ask myself the same questions as you do (therefore I think I can't give you answers that you'll be satisfy with), but I do have answers derived from using my LOL methods for each of your questions.

#1 --- I know you did not post a question here, but my BD target for Dark Blue Rising Wedge is 1271.

#2 --- Yes possible. If you'd followed my work (sometimes I have to work hard to follow my own lol!) the top of the last Red Sickle 1334 has to hold in order to go new high over Mar/May's. We lost 1334 now, so the 5/6 four downside targets and 1288, 1276, 1262 all possible.

#3 --- Needs to rebound hard and strong from 1310, more precisely, rebound hard from the lower TL of rising wedge posted last Thursday. As I type this now, 1310 already long gone (a day is too long for VST swing), so forget it...

Let me go back to track down my last 'lockstep' chart, and use that to find what's next in shop to step on, see if you guys can make sense out of.

Connecting to last chart is this Friday's chart: Now with room to insert, I am sure you can see what I meant about those circled junctures compatible to each own sets of Thin Green and Light Blue parallel lines.


Also last Friday's chart: We can see clearly in this chart, the IH&S is still alive and kicking. The two downward arrows pointing a "Complex Head" on a newer red shoulder line. If you compare this to that previous IH&S BO'ed chart. This chart answering why that BO might not have happened, due to the additional price movements since.

We COULD see at least two more 'allowable' touches on Neckline to come before a BO again, similar to that on the left side of Neckline marked in 3 small Blue Squares; though not necessary at all. It could be also one big rush BO of Neckline too, or none if down from here.

But, as long as the Green Shoulder-line continue to support; and the lows of Head continue to hold up, in process of doing so, not causing the head too ridiculous out of shape; and the right shoulder not extended too wide; then, BO probability of the Neckline remains high. It better be... with all these restrictions required, right? LOL!


Now.... cooked out exactly as the recipe said, the two sets of circled juncture breakdown almost identical. Blue Rising Wedge broke down but price saved by intervening of the interacting pattern - Complex Inverted H&S. So we bounced from the Green Shoulderline at EOD, with no surprise right on that line just like I showed in Friday's chart.

Worth mentioning, I think, those comments about last Friday's two charts were published last Friday and Sunday, NOT 'after' the Monday's 'fact'. iloli

Also last Friday's chart: We can see clearly in this chart, the IH&S is still alive and kicking. The two downward arrows pointing a "Complex Head" on a newer red shoulder line. If you compare this to that previous IH&S BO'ed chart. This chart answering why that BO might not have happened, due to the additional price movements since.

TYPO !
"a newer red shoulder line" should be "a newer red NECKLINE".

Thanks, iloli. I know the delay of posting in the swing waves board. You have been earnest in your projections before the market movement, I also checked your blog on sunday. So, thanks again. Your lines are good and will be useful for us in our market thoughts.

#3 --- Needs to rebound hard and strong from 1310, more precisely, rebound hard from the lower TL of rising wedge posted last Thursday. As I type this now, 1310 already long gone (a day is too long for VST swing), so forget it...

Are you referring to futures? Because cash SPX low yesterday was 1309.72 = ~ 1310.

#3 --- Needs to rebound hard and strong from 1310, more precisely, rebound hard from the lower TL of rising wedge posted last Thursday. As I type this now, 1310 already long gone (a day is too long for VST swing), so forget it...

Are you referring to futures? Because cash SPX low yesterday was 1309.72 = ~ 1310.

Absolutely.

All my FOREXPROS charts and analysis are futures.

Thanks, iloli. I know the delay of posting in the swing waves board. You have been earnest in your projections before the market movement, I also checked your blog on sunday. So, thanks again. Your lines are good and will be useful for us in our market thoughts.

Thank you. I have been trading my LOL systems and testing it, improving it, purify it all at the same time for years. I am VERY IMPRESSED WITH THE RESULTS of this nontraditional, unconventional trading and TA systems under the fire of real life round testings and also the real life battle field combating testings, EVERY TIME I USE IT.

But new things are not easy for majority to accept, not without time to cure it anyway. So I am increasing my efforts documenting the systems in public forums serving as public track records. I said that few years ago here on FF that that's my intention and determination, so meanwhile just following through with my increasing available retirement time, ironically with my decreasing available lifetime on Earth... ain't that true for us earthlings...lol!

BTW, right as I type this, price is backtesting the Blue Rising Wedge. Btween the Blue and Green line, follow up BO/BD will tell the tale:

Appreciate your work, iloli. Watching your lines..........

Appreciate your work, iloli. Watching your lines..........

I second that.

Appreciate your work, iloli. Watching your lines..........

I second that.

I third that.

Um, maybe just more on the 'watching' part.....

Everyone interested can do, go free anytime to http://www.forexpros...-futures-charts , draw my lines or your own then watch it unfold LIVE! real time.

Futures give fuller coverage of price moves, almost 24hrs/5days every week non stop, no waiting for day/cash to open/close, why I choose for trade and TA.

Good luck.