on this tradingview chart, someone asked me about that big
circle on the daily upper left - that's the resistance cycle
attempting to guess at a 5th wave high. Plus you had a bunch of
A's
here's a mockup - this is what the cycle indicator does, when
price strongly breaks through a resistance cycle the indicator
assumes a 5 wave uptrend and the next cycles try and indicate a
wave 4 and 5. Doesn't always work out but it's pretty good for an
automatic indicator
the cycle indicator is of course great with consolidation
patterns as well when price ping pongs between the cycles
that said guys - as strong as these numbers are they will be
revised. They don't really talk about that much but, all this econ
data gets revised all the time
Non Farm Payroll Blowout +353k jobs
Posted by jhbernstein on 2nd of Feb 2024 at 08:31 am
Non Farm Payroll Blowout
+353k jobs vs +157k expectations
you beat me, I was
Posted by matt on 2nd of Feb 2024 at 08:34 am
you beat me, I was just about to post the numbers
on that strong jobs number (about 100K over expectations) Futures dropped, US Dollar rallied, Rates up, Gold down
ES off about 30 points
Posted by matt on 2nd of Feb 2024 at 09:01 am
ES off about 30 points from the overnight highs, Gold down nearly 30 points from the morning prices
US Dollar very strong, Rates strong rebound
https://www.tradingview.com/chart/epRziFih/ on this tradingview chart, someone
Posted by matt on 2nd of Feb 2024 at 09:15 am
https://www.tradingview.com/chart/epRziFih/
on this tradingview chart, someone asked me about that big circle on the daily upper left - that's the resistance cycle attempting to guess at a 5th wave high. Plus you had a bunch of A's
here's a mockup - this is what the cycle indicator does, when price strongly breaks through a resistance cycle the indicator assumes a 5 wave uptrend and the next cycles try and indicate a wave 4 and 5. Doesn't always work out but it's pretty good for an automatic indicator
the cycle indicator is of course great with consolidation patterns as well when price ping pongs between the cycles
that said guys - as
Posted by matt on 2nd of Feb 2024 at 08:39 am
that said guys - as strong as these numbers are they will be revised. They don't really talk about that much but, all this econ data gets revised all the time
Yep, the last number got
Posted by DigiNomad on 2nd of Feb 2024 at 08:39 am
Yep, the last number got revised way UP in this report.
Here are the revisions:
Posted by DigiNomad on 2nd of Feb 2024 at 08:50 am
Here are the revisions: