Don't get bogged down in counts as the QQQ has a completely
different look (wave A then wave B bounce and now wave C unfolding)
Wave C's are typically AT LEAST .618 of wave A which was
reached at QQQ 158 so let's see if it extends or a bounce unfolds
with the divergence. For the 100th time, mapping is
simply a guide and one should focus on the triggers ont the time
frame one trades.
Yes - I simply posted Tony Caldaro's wave count from OEW and Yes
I am well aware that the QQQ's have a different count. Yes Steve
made clear the wave C and and 0.618 etc. Guys I wasn't implying
anything from that chart of actionable note, just an observation
from a source we follow from time to time
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Nasdaq 5 waves
Posted by matt on 22nd of Nov 2018 at 10:22 pm
$COMPQ - Chart Link - can count a 5 wave structure on the Nasdaq
What does it mean??probably due
Posted by money786 on 23rd of Nov 2018 at 07:51 am
What does it mean??probably due for a 3 wave bounce soon?
Don't get bogged down in
Posted by steve on 23rd of Nov 2018 at 08:44 am
Don't get bogged down in counts as the QQQ has a completely different look (wave A then wave B bounce and now wave C unfolding) Wave C's are typically AT LEAST .618 of wave A which was reached at QQQ 158 so let's see if it extends or a bounce unfolds with the divergence. For the 100th time, mapping is simply a guide and one should focus on the triggers ont the time frame one trades.
Yes - I simply posted
Posted by matt on 23rd of Nov 2018 at 09:37 am
Yes - I simply posted Tony Caldaro's wave count from OEW and Yes I am well aware that the QQQ's have a different count. Yes Steve made clear the wave C and and 0.618 etc. Guys I wasn't implying anything from that chart of actionable note, just an observation from a source we follow from time to time