when looking at waves just use some common sense when thinking
about them, especially with respect to how long a wave/s might
last
for example, if we use that wave 5 pattern from the 4100 area,
wave 2 bounce lasted 1.5 days, and wave 4 lasted about 2 days. Wave
3 was the longest at 3 days, and wave 1 and 5 down were about 1 day
- all were very symmetrical. Wave 2's and 4's will generally
be a similar time frame to play out.
If we've began a larger abc rally - that abc should be a larger
degree than the wave 4 bounce, which lasted 2 days - maybe it
unfolds in 1/2 the time frame as the whole 5th wave or longer, so I
would expect it would take 4-to 8 days to unfold. It can't be
completed in 1/2 a day since this will take much longer to complete
than the wave 2 and 4 as it's higher degree.
so far I see one wave up, it's been less than a day since
that wave 5, if an abc it should unfold over days.
Matt, any target range for
Posted by racerick on 23rd of Dec 2022 at 09:49 am
Matt, any target range for a B wave pullback?
B wave pullback? can you
Posted by matt on 23rd of Dec 2022 at 11:21 am
B wave pullback? can you clarify? Are you referring to that daily alternative where market would go up again to take out the 4100 highs?
You were talking an ABC
Posted by racerick on 23rd of Dec 2022 at 11:23 am
You were talking an ABC wave up, if yesterday afternoon was the A?
when looking at waves just
Posted by matt on 23rd of Dec 2022 at 11:30 am
when looking at waves just use some common sense when thinking about them, especially with respect to how long a wave/s might last
for example, if we use that wave 5 pattern from the 4100 area, wave 2 bounce lasted 1.5 days, and wave 4 lasted about 2 days. Wave 3 was the longest at 3 days, and wave 1 and 5 down were about 1 day - all were very symmetrical. Wave 2's and 4's will generally be a similar time frame to play out.
If we've began a larger abc rally - that abc should be a larger degree than the wave 4 bounce, which lasted 2 days - maybe it unfolds in 1/2 the time frame as the whole 5th wave or longer, so I would expect it would take 4-to 8 days to unfold. It can't be completed in 1/2 a day since this will take much longer to complete than the wave 2 and 4 as it's higher degree.
so far I see one wave up, it's been less than a day since that wave 5, if an abc it should unfold over days.
Thank you
Posted by racerick on 23rd of Dec 2022 at 11:34 am
Thank you