Posted by frtaylor on 27th of May 2016 at 12:00 pm
Rank amateur re: EW counts, but if this move is to be five waves
off the bottom from last week, and if wave 5 = 1, then the target
is ~ 2118. 30 min chart w/ my (amateur) wave count. One EW guy I
follow (Pretzel Logic) sees the current move as most likely a C up
(just like BPT does), the final move of a flat, then it's down to
below 2025. But he (like BPT) points out it could go to new highs
and still be a flat/corrective, and there is a count that says it
keeps going.
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Rank amateur re: EW counts,
Posted by frtaylor on 27th of May 2016 at 12:00 pm
Rank amateur re: EW counts, but if this move is to be five waves off the bottom from last week, and if wave 5 = 1, then the target is ~ 2118. 30 min chart w/ my (amateur) wave count. One EW guy I follow (Pretzel Logic) sees the current move as most likely a C up (just like BPT does), the final move of a flat, then it's down to below 2025. But he (like BPT) points out it could go to new highs and still be a flat/corrective, and there is a count that says it keeps going.