Posted by chartboy on 24th of Jan 2022 at 03:07 pm
While I can see what you are looking at on a 1 min, no it is not
an HNS. Go to a 5 min. It is an ABC advance setting up targeting
the area of the gap fill. (That is supported by the 5 wave rally
off the lows (wave a) followed by a three wave pullback to support
(wave b) on the 1 min chart.)
Doesnt mean the pattern cant fail, but that is what it is for
now.
Posted by chartboy on 24th of Jan 2022 at 05:36 pm
Classic D Wave target for Wave C, which is a 1.618 projection of
Wave A and was shown as the green horizontal, was 440. That was a
classic premeditated measured move pattern into overhead resistance
because the overhead TDST resistance, shown as the red hashed line
in the charts, was also 440.
If
there was any question if that was the correct patter to watch, the
fact that we are currently at 440 should answer it.
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While I can see what
Possible inverted H&S on ES 5min Matt?
Posted by chartboy on 24th of Jan 2022 at 03:07 pm
While I can see what you are looking at on a 1 min, no it is not an HNS. Go to a 5 min. It is an ABC advance setting up targeting the area of the gap fill. (That is supported by the 5 wave rally off the lows (wave a) followed by a three wave pullback to support (wave b) on the 1 min chart.)
Doesnt mean the pattern cant fail, but that is what it is for now.
Here's what I was looking
Posted by racerick on 24th of Jan 2022 at 03:35 pm
Here's what I was looking at - Playing out well so far
C wave qualifications now met…not
Posted by chartboy on 24th of Jan 2022 at 03:27 pm
C wave qualifications now met…not optimal that it is occuring with a +13 count, but not surprising given the current environment either.
That abc measured into the
Posted by steve on 24th of Jan 2022 at 03:53 pm
That abc measured into the gap and now extending
Classic D Wave target for
Posted by chartboy on 24th of Jan 2022 at 05:36 pm
Classic D Wave target for Wave C, which is a 1.618 projection of Wave A and was shown as the green horizontal, was 440. That was a classic premeditated measured move pattern into overhead resistance because the overhead TDST resistance, shown as the red hashed line in the charts, was also 440.
If there was any question if that was the correct patter to watch, the fact that we are currently at 440 should answer it.