shellson - here is a guide for everyone to deduce if a "valid"
wave iv - wave iv (of any degree) typically retraces the wave ii to
iii by .236/.382 Fib and to remain valid the retrace should not
exceed 50%. (Hope that helps)
Wave 4s are tricky - I have mentioned numerous times and
stressed during tutorials that I look for the initial higher low or
lower high (wave b/2) as the best risk reward entry spot - simple
and very effective with stops in place. You mark up a chart
and monitor in accordance with such guidelines (if broken the count
is invalid)
I just woke up from a nap after working on newsletter for 5
hours straight - still have a ways to go to rebound from this
Covid
What would be the measured
SPX 10 min count
Posted by shellson2 on 3rd of Feb 2024 at 02:59 pm
What would be the measured move of iv?
Educational Post on Wave 4s
Posted by steve on 3rd of Feb 2024 at 04:23 pm
shellson - here is a guide for everyone to deduce if a "valid" wave iv - wave iv (of any degree) typically retraces the wave ii to iii by .236/.382 Fib and to remain valid the retrace should not exceed 50%. (Hope that helps)
Wave 4s are tricky - I have mentioned numerous times and stressed during tutorials that I look for the initial higher low or lower high (wave b/2) as the best risk reward entry spot - simple and very effective with stops in place. You mark up a chart and monitor in accordance with such guidelines (if broken the count is invalid)
I just woke up from a nap after working on newsletter for 5 hours straight - still have a ways to go to rebound from this Covid
SPX 10 with Fibs Shown(Bookmark the above comments)
thx Steve appreciate the chart
Posted by morton7 on 4th of Feb 2024 at 09:39 am
thx Steve appreciate the chart and comments
Thank you very much Steve
Posted by shellson2 on 4th of Feb 2024 at 09:29 am
Thank you very much Steve and I (we) do wish for your speedy recovery.