Difficult to know where are you going, unless you are aware of where you've been.
The Chart above has a Long-Term Count (LT) and an Intermediate-Term Count (IT).
Presently Price has moved into the Long Term 5/5 after the February 2020 correction
@ 4/5 via a 30% Correction.
We resume the Bull Market into 5/5 (the FInal Rise) and moved through IT Count 3,
providing Highs for the ES 4812 and the NQ 16767.
As 4/5 IT has begun to unfold we have witnessed 1 and 2 complete.
Friday indicated the 2C failed as the prior Weekly Low failed for NQ.
The Transports were unable to hold their 55s and cross, the DOW - Ditto.
For the ES did as well dipping by 9 Ticks for the Low.
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I'll move to tighter timeframes with FIBs for S/R/POs in the upcoming charts.
The Megaphone applies when 5/5 terminates 5/5 and the Indices decline by
very larger percentages.
The Upper Trend Line will again Limit the Highs when 5/5 IT reaches its Zenith
as it concludes 5/5 LT.
The Chart above has a Long-Term Count (LT) and an Intermediate-Term Count (IT).
Presently Price has moved into the Long Term 5/5 after the February 2020 correction
@ 4/5 via a 30% Correction.
We resume the Bull Market into 5/5 (the FInal Rise) and moved through IT Count 3,
providing Highs for the ES 4812 and the NQ 16767.
As 4/5 IT has begun to unfold we have witnessed 1 and 2 complete.
Friday indicated the 2C failed as the prior Weekly Low failed for NQ.
The Transports were unable to hold their 55s and cross, the DOW - Ditto.
For the ES did as well dipping by 9 Ticks for the Low.
_____________________________________________________________________________
I'll move to tighter timeframes with FIBs for S/R/POs in the upcoming charts.
The Megaphone applies when 5/5 terminates 5/5 and the Indices decline by
very larger percentages.
The Upper Trend Line will again Limit the Highs when 5/5 IT reaches its Zenith
as it concludes 5/5 LT.