Posted by mirhamedali on 4th of Dec 2022 at 11:48 am
Matt/Steve, your prognostication has been spectacular all year!
Really simple to understand parameters. What do you
think about this QQQ sceario where we initailly move up to close
the gap (that would be a 68% retrace of the mid August move down).
I have that as a wave three of this A-B-C move up.
Followed by a move even higher to the mid august highs (that
would be a 50% retrace of the entire year's move down), to complete
five waves up within the larger wave C.
To me a move of this time and size looks appropriate before we
have a larger move downwards. On my weekly chart I have all
of this drawn up as a wave B up of a larger A-B-C move still to
complete.
Matt/Steve, your prognostication has been
Market Scenarios short-term - all in one chart
Posted by mirhamedali on 4th of Dec 2022 at 11:48 am
Matt/Steve, your prognostication has been spectacular all year! Really simple to understand parameters. What do you think about this QQQ sceario where we initailly move up to close the gap (that would be a 68% retrace of the mid August move down). I have that as a wave three of this A-B-C move up.
Followed by a move even higher to the mid august highs (that would be a 50% retrace of the entire year's move down), to complete five waves up within the larger wave C.
To me a move of this time and size looks appropriate before we have a larger move downwards. On my weekly chart I have all of this drawn up as a wave B up of a larger A-B-C move still to complete.
Nice Mirhamed!!
Posted by arun on 4th of Dec 2022 at 11:54 am
Nice Mirhamed!!