The ending diagonal that Steve shows, does allow for a possible
higher low - those wave B's can be deep as I stated, price would
need to hold today's lows, you did get a reaction off the 61.8%
Fib. or wave 4 completed and we need the wave 5 low
Posted by simple_million on 26th of Jan 2022 at 07:56 pm
Matt Sometimes when you chart fib levels the 100% is on the
bottom with the 0% on top, other times its reversed. It
matters when keeping in mind the 61.8 is your favorite level -- is
it intentional that you switch up which is on top and bottom, or am
I staring at charts too closely again :). Thanks,
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SPX 10 Illustration
Posted by steve on 26th of Jan 2022 at 04:19 pm
$SPX - Chart Link
The ending diagonal that Steve
Posted by matt on 26th of Jan 2022 at 04:45 pm
The ending diagonal that Steve shows, does allow for a possible higher low - those wave B's can be deep as I stated, price would need to hold today's lows, you did get a reaction off the 61.8% Fib. or wave 4 completed and we need the wave 5 low
Matt Sometimes when you chart
Posted by simple_million on 26th of Jan 2022 at 07:56 pm
Matt Sometimes when you chart fib levels the 100% is on the bottom with the 0% on top, other times its reversed. It matters when keeping in mind the 61.8 is your favorite level -- is it intentional that you switch up which is on top and bottom, or am I staring at charts too closely again :). Thanks,