Hi guys,
Here's the updated subwave breakdown for the wave4 ABC heading up.
The lowest timeframe I can publish is 15 minutes.
I have done a 5 minute timeframe analysis here, as a private post
Check it out for greater resolution!
My Target is on track: 8195 to 8212
I've drawn the rectangular box around my target showing 3 bit level confluence..... 1-1, 0.786 and 0.382!
Good Luck!
LLCoolRS
If you find these posts useful and helpful, please follow me, like my posts, share, and comment!
The more positive feedback I get, the more motivated I am to post and update!
Disclaimer: This is not financial advice, and is given for educational purposes only. I make the charts, you make your own trades. Never blindly follow internet advice for your financial decisions... any analyst can and will be wrong.
Here's the updated subwave breakdown for the wave4 ABC heading up.
The lowest timeframe I can publish is 15 minutes.
I have done a 5 minute timeframe analysis here, as a private post
Check it out for greater resolution!
My Target is on track: 8195 to 8212
I've drawn the rectangular box around my target showing 3 bit level confluence..... 1-1, 0.786 and 0.382!
Good Luck!
LLCoolRS
If you find these posts useful and helpful, please follow me, like my posts, share, and comment!
The more positive feedback I get, the more motivated I am to post and update!
Disclaimer: This is not financial advice, and is given for educational purposes only. I make the charts, you make your own trades. Never blindly follow internet advice for your financial decisions... any analyst can and will be wrong.
Comment:
WARNING!
Guys, I see selling on volume.... Wave 4 is complete and now we are down for wave 5!
As per my last comment, 8177 as the top. Wave count was off and target missed by 20-40 points.
Guys, I see selling on volume.... Wave 4 is complete and now we are down for wave 5!
As per my last comment, 8177 as the top. Wave count was off and target missed by 20-40 points.
Comment:
Double thinking myself now!
On 3/5/15 minutes timeframe, we see a nice big rejection bottom wick down to 7858.... the bulls are not willing to give up yet and are holding the fort.
If we get a strong rebound rally upward, the wave 4 can still be alive with:
Wave A @ 8177
Wave B @ 7858
Wave C target intact between 8195 - 8228 (slight upside revision)
On 3/5/15 minutes timeframe, we see a nice big rejection bottom wick down to 7858.... the bulls are not willing to give up yet and are holding the fort.
If we get a strong rebound rally upward, the wave 4 can still be alive with:
Wave A @ 8177
Wave B @ 7858
Wave C target intact between 8195 - 8228 (slight upside revision)
Lets watch if its a truncated C wave to finish wave 4.... it make have been that peak at 8241 15 minutes ago.
If this is the case, then my target is missed and the previous 8177 is the end of wave 4! The truncated C and double top to finish wave 4 is definitely bearish, and we will start wave 5 down! Lets watch closely!