Posted by fredsaid on 26th of Apr 2023 at 01:12 pm
Is the Wave 4 scenario still valid if we get down into this
range ? Knowing Wave 4's are choppy... how low do you think
we can go before Wave 4 is negated ?
Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3. SPY is
already lower than the 38.2%. I'm no EW expert, but would
assume SPY needs to stay above Wave 1 high 402.49 for the count to
be valid. The gap 403.69-404.55 looks like the next most
interesting prospective bull/bear battle bounce back opportunity
zone.
SPY demand zone 404.37-401.77
Posted by steve on 26th of Apr 2023 at 12:59 pm
SPY demand zone 404.37-401.77
SPY has just reached initial
Posted by steve on 26th of Apr 2023 at 02:49 pm
SPY has just reached initial demand levels
Not sure if VIX can run those equal highs around 20 or not - META tonight
Is the Wave 4 scenario
Posted by fredsaid on 26th of Apr 2023 at 01:12 pm
Is the Wave 4 scenario still valid if we get down into this range ? Knowing Wave 4's are choppy... how low do you think we can go before Wave 4 is negated ?
Wave 4 is typically 14.6%,
Posted by te22 on 26th of Apr 2023 at 02:11 pm
nice EOD short squeeze from
Posted by te22 on 26th of Apr 2023 at 03:56 pm
nice EOD short squeeze from the gap zone
Around 50 day MA -
Posted by steve on 26th of Apr 2023 at 01:28 pm
Around 50 day MA - you would not like to see it overlap first leg up
TY
Posted by fredsaid on 26th of Apr 2023 at 01:46 pm
TY