Definitely a swing trade. I'm going based on wave counts and the
embedded zig zag. Unlike a straight wave 3 with no pullbacks (e.g.
the recent SPY wave 3), waves with zig zags in them often allow for
a measured move to predict where that wave will complete (with
varying accuracy that I wouldn't count on going into a day like
tomorrow). The 1st leg is the measuring leg.
That seems logical resistance or
LYV - long. 1st target = 106.75
Posted by steveo on 17th of Sep 2024 at 02:48 pm
That seems logical resistance or supply zone, however, I took it short based on RSI14 and way past the BB
Definitely a swing trade. I'm
Posted by bthefnd on 17th of Sep 2024 at 03:00 pm
Definitely a swing trade. I'm going based on wave counts and the embedded zig zag. Unlike a straight wave 3 with no pullbacks (e.g. the recent SPY wave 3), waves with zig zags in them often allow for a measured move to predict where that wave will complete (with varying accuracy that I wouldn't count on going into a day like tomorrow). The 1st leg is the measuring leg.
Ya, its my gut version
Posted by steveo on 18th of Sep 2024 at 12:54 am
Ya, its my gut version of a BPT reversion to mean. I'll set a blow off bottom and no protective stop as there can be a wild swing in the morning.