3309 Drysdale Ct
Edwardsville, IL 62025
Steve, do you see this move down from Monday highs as corrective (3 waves) or impulsive (5 waves)?
junkie..looks more corrective so maybe an abc x abc (double zig zag higher) or a triangle. Trade your triggers
Thanks, Steve. I had to look up patterns, they are are explained hereor here
In corrective moves there are many options - up to 13 corrective combinations so better to simply focus on your triggers until further evidence develops.
Do you have a reference handy for all 13 combinations, please?
Nope..but you can Google and search for all EW corrective options. FOCUS on YOUR TRIGGERS
Of course, I have triggers and stops, I want also to have the momentum on my side when I call a reversal in progress. Thank you for your input, Steve!
ES may ramp to 95/96
BINGOOOOOOOOOOOO 1896 Tagged - Wow that was quick
Subscribe to our email list for regular free market updates as well as a chance to get coupons!
this move down is corrective or impulsive?
SPX 3 with Fibs
Posted by junkie on 3rd of Feb 2016 at 01:51 pm
Steve, do you see this move down from Monday highs as corrective (3 waves) or impulsive (5 waves)?
junkie..looks more corrective so maybe
Posted by steve on 3rd of Feb 2016 at 02:10 pm
junkie..looks more corrective so maybe an abc x abc (double zig zag higher) or a triangle. Trade your triggers
Thanks, Steve. I had to
Posted by junkie on 3rd of Feb 2016 at 02:17 pm
Thanks, Steve. I had to look up patterns, they are are explained hereor here
In corrective moves there are
Posted by steve on 3rd of Feb 2016 at 02:20 pm
In corrective moves there are many options - up to 13 corrective combinations so better to simply focus on your triggers until further evidence develops.
Do you have a reference
Posted by junkie on 3rd of Feb 2016 at 02:26 pm
Do you have a reference handy for all 13 combinations, please?
Nope..but you can Google and
Posted by steve on 3rd of Feb 2016 at 02:27 pm
Nope..but you can Google and search for all EW corrective options. FOCUS on YOUR TRIGGERS
Of course, I have triggers
Posted by junkie on 3rd of Feb 2016 at 02:32 pm
Of course, I have triggers and stops, I want also to have the momentum on my side when I call a reversal in progress. Thank you for your input, Steve!
ES may ramp to 95/96
Posted by steve on 3rd of Feb 2016 at 02:23 pm
ES may ramp to 95/96
BINGOOOOOOOOOOOO 1896 Tagged - Wow
Posted by steve on 3rd of Feb 2016 at 02:25 pm
BINGOOOOOOOOOOOO 1896 Tagged - Wow that was quick