Posted by greggone on 23rd of Jan 2023 at 03:21 pm
Matt do you see this 5th wave intra day high to likely be the
top of that b wave that's been discussed previously? Followed
by a c down and then a larger C up to the 4150-4300 levels you
discussed?
I've been distracted here on phone with hospital etc. I'll have
to give a better assessment later when I can focus and look at
everything - intra day that was some 5th wave, if you zoom out
further it could have been 5 of 3 and now a 4th wave - it's
relative to time frames you are monitoring and there's always
multiple variations
Posted by greggone on 23rd of Jan 2023 at 04:44 pm
Thanks Matt… working on keeping track of the counts on
different time frames and appreciate the comments. Also the heads
up on the MACD kiss was a much appreciated reminder ;) Thanks for
taking the time, I know things are busy over there.
Greg and anyone else, Chris Brecher teaches chart patterns for
day trading effectively. I listen to him to learn. He is a very
good day trader with a lot of insight. He makes trading easy
to do. You could view his videos on youtube by searching "chris
brecher trader"
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SPX 5 min
Posted by matt on 23rd of Jan 2023 at 12:40 pm
$SPX - Chart Link- for now a 3 wave like pullback, potential abc
Update: SPX 5 min
Posted by matt on 23rd of Jan 2023 at 01:33 pm
$SPX - Chart Link- that 3 wave abc pullback provided another nice intra day long.
now however watch the MACD, as this move may be some sort of 5th wave setting up
Update: Update: SPX 5 min
Posted by matt on 23rd of Jan 2023 at 02:40 pm
$SPX - Chart Link- played out perfect! as I warned earlier, about a 5th wave intra day high with divergence to be on lookout for
Matt do you see this
Posted by greggone on 23rd of Jan 2023 at 03:21 pm
Matt do you see this 5th wave intra day high to likely be the top of that b wave that's been discussed previously? Followed by a c down and then a larger C up to the 4150-4300 levels you discussed?
I’m lost in the waves,
Posted by mdgfain on 23rd of Jan 2023 at 03:34 pm
I’m lost in the waves, but I think this is what you are saying. Back down to the trend line, then back up again. Do I read you correctly, greggone?
I do not trade wave
Posted by junkie on 23rd of Jan 2023 at 03:43 pm
I do not trade wave counts, I trade chart consolidations: flags, channels, etc., the momentum, and supports and resistances.
exactly - that's the point
Posted by matt on 23rd of Jan 2023 at 03:44 pm
exactly - that's the point I was trying to make - don't get too bogged down in wave counts
I've been distracted here on
Posted by matt on 23rd of Jan 2023 at 03:29 pm
I've been distracted here on phone with hospital etc. I'll have to give a better assessment later when I can focus and look at everything - intra day that was some 5th wave, if you zoom out further it could have been 5 of 3 and now a 4th wave - it's relative to time frames you are monitoring and there's always multiple variations
Thanks Matt… working on keeping
Posted by greggone on 23rd of Jan 2023 at 04:44 pm
Thanks Matt… working on keeping track of the counts on different time frames and appreciate the comments. Also the heads up on the MACD kiss was a much appreciated reminder ;) Thanks for taking the time, I know things are busy over there.
Greg and anyone else, Chris
Posted by junkie on 23rd of Jan 2023 at 04:51 pm
Greg and anyone else, Chris Brecher teaches chart patterns for day trading effectively. I listen to him to learn. He is a very good day trader with a lot of insight. He makes trading easy to do. You could view his videos on youtube by searching "chris brecher trader"