Depicts a possible double zig zag in black...the red view simply
implies that the bounce was a simple abc up. I tend to favor the
black option. Just respect your signals and adjust
accordingly. Please note that corrective moves can take many
forms and one must adjust accordingly.
SPX 5 Map
Posted by steve on 8th of Apr 2014 at 02:56 pm
$SPX - Chart Link
Depicts a possible double zig zag in black...the red view simply implies that the bounce was a simple abc up. I tend to favor the black option. Just respect your signals and adjust accordingly. Please note that corrective moves can take many forms and one must adjust accordingly.
SPX 5 MAP
Posted by nichi on 8th of Apr 2014 at 03:37 pm
Steve: Your views with explanations i.e. "double zig zag in black" is easy to understand. We always appreciate your views with explanations.
Regards