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.
You were talking an ABC
Matt, any target range for a B wave pullback?
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