$INDU - Chart Link- again as I posted earlier
my guess was some sort of mini 4 pullback, which may be in already
or could form a triangle because of truncation, but favor another
push to new highs after it's complete
first off it's just a guide observation, don't trade off it.
secondly wave 3 is not over, wave 5 is not in, and it could
subdivide etc, so by the time wave 3 is in it will be a lot longer
than wave 1. Too early to call anything definitive, it's also
why we don't post these very often because just leads to
confusion
short term count
Posted by matt on 10th of May 2018 at 03:01 pm
$INDU - Chart Link- again as I posted earlier my guess was some sort of mini 4 pullback, which may be in already or could form a triangle because of truncation, but favor another push to new highs after it's complete
Just eyeballing it, your (3)
Posted by frtaylor on 10th of May 2018 at 03:06 pm
Just eyeballing it, your (3) is about as long as (1). But shouldn't it be longer? i.e., 3's are long compared to 1's and 5's.
first off it's just a
Posted by matt on 10th of May 2018 at 03:14 pm
first off it's just a guide observation, don't trade off it. secondly wave 3 is not over, wave 5 is not in, and it could subdivide etc, so by the time wave 3 is in it will be a lot longer than wave 1. Too early to call anything definitive, it's also why we don't post these very often because just leads to confusion
Actually, I am not confused,
Posted by frtaylor on 10th of May 2018 at 03:17 pm
Actually, I am not confused, just wanted to hear more on how you view the count you gave. Thanks!
I realize that's not always
Posted by frtaylor on 10th of May 2018 at 03:11 pm
I realize that's not always true, btw. But thought I'd get your opinion on this particular case. Could it mean it's an ABC up?