$SPX - Chart Link- I discussed this labeling
yesterday, so with the move up here's a 15 min showing the possible
bull count. You can see the 5 waves up on the wave 1. an abc
pullback on 2 (though kind of shallow) and up in 3
Posted by mitchell on 25th of May 2021 at 12:44 pm
Like the TICK extremes, I like seeing Matt/Steve's potential
wave labels as it gives me a guide of market position for
strategizing orders. Understood its dynamic and not always
accurate. Its another indicator you cant obsess over, but
overall its helpful when comparing to my counts. Thanks for sharing
guys.
Labeling
Posted by matt on 24th of May 2021 at 01:56 pm
$SPX - Chart Link- I discussed this labeling yesterday, so with the move up here's a 15 min showing the possible bull count. You can see the 5 waves up on the wave 1. an abc pullback on 2 (though kind of shallow) and up in 3
Like the TICK extremes, I
Posted by mitchell on 25th of May 2021 at 12:44 pm
Like the TICK extremes, I like seeing Matt/Steve's potential wave labels as it gives me a guide of market position for strategizing orders. Understood its dynamic and not always accurate. Its another indicator you cant obsess over, but overall its helpful when comparing to my counts. Thanks for sharing guys.
Update: Labeling
Posted by matt on 24th of May 2021 at 01:57 pm
IWM - Chart Link- if that bull count is right this IWM should bust out of the coil