According to Elliot wave
-Wave 3 is @ 161% fib extension of wave 1 and 2 ( Usually the wave 3 is extended to the direction of the overall trend, so use caution)
(IF WE DO NOT GET A REVERSAL TOMORROW AND WE DUMP AND BREAK WAVE 5 SUPPORT WAVE 5 COULD BE WAVE 3) Extended
-Wave 5 is usually the length of wave 1 or extension of wave 3 and 4 @ at the 61% extension PRICE $96
-Wave 5 retracement levels 38% 51% 61% ($117, $124, $131)
-!I think we get relief rally tomorrow!
-I think the inflation data will be lower than expected due to oil prices being lower (energy sector)
-BUT more pain ahead so take profits
-Wave 3 is @ 161% fib extension of wave 1 and 2 ( Usually the wave 3 is extended to the direction of the overall trend, so use caution)
(IF WE DO NOT GET A REVERSAL TOMORROW AND WE DUMP AND BREAK WAVE 5 SUPPORT WAVE 5 COULD BE WAVE 3) Extended
-Wave 5 is usually the length of wave 1 or extension of wave 3 and 4 @ at the 61% extension PRICE $96
-Wave 5 retracement levels 38% 51% 61% ($117, $124, $131)
-!I think we get relief rally tomorrow!
-I think the inflation data will be lower than expected due to oil prices being lower (energy sector)
-BUT more pain ahead so take profits
Comment:
nope.. we may have just hit the wave 5 with recent low
Trade closed: stop reached