$USD - Chart Link- there are several options
that remain valid for counting - one of which is 5 waves down
completed in early Feb with an ending diagonal - rebound up for
wave a then down for wave b currently of a potential flat.
I'm not going to get bogged down in prospective counts but will
instead focus on price action and trends.
As I stated it's not my count - there are several options and
really don't care - as a trader I trade the technicals and trend
versus wave counts (only use for mapping). Lastly, don't
always assume that the SPX trades inversely to the US Dollar at all
times (lately that has been true but if you review longer term you
will see many times where that's not the case).
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Posted by steve on 16th of Apr 2023 at 01:28 pm
$USD - Chart Link - see downtrend line
$USD - Chart Link- there
Posted by steve on 16th of Apr 2023 at 01:30 pm
$USD - Chart Link- there are several options that remain valid for counting - one of which is 5 waves down completed in early Feb with an ending diagonal - rebound up for wave a then down for wave b currently of a potential flat. I'm not going to get bogged down in prospective counts but will instead focus on price action and trends.
I like a lot your
Posted by raymuy on 16th of Apr 2023 at 02:06 pm
I like a lot your chart with the wedge . and yes you are right,
it is so difficult to see the exact EW counting prior to the moves - one is more wrong than right
and yes I know about the stockchart situation and the problems this is causing you guys !
that 's why you both are doing a great job here !!!!! and this case using UUP
last note - if you re counting is right and the wedge stays as is , we should see a C wave up
well your wave A which went up from early February to early March which "caused" a decline in the SPX at the same time
We had a decline of about 390 points or 9 % ..........
so if you re count or either mine count is right, we could go higher in the spx for a couple days this way the wedge plays out
after that we get a nice decline ???
- is it option expiry this week ?
Thanks raymuy As I stated it's
Posted by steve on 16th of Apr 2023 at 02:16 pm
Thanks raymuy
As I stated it's not my count - there are several options and really don't care - as a trader I trade the technicals and trend versus wave counts (only use for mapping). Lastly, don't always assume that the SPX trades inversely to the US Dollar at all times (lately that has been true but if you review longer term you will see many times where that's not the case).