Wave 4 high 10,432.83 which is trivial overlap of wave 1. Any further highs beyond 10,434 invalidate a 5 down scenario.
If wave 4 does not overlap wave 1 then the 5-minute, 380-unit M/A is a suitable target for the end of the 5 down.
My opinion is that the last 4 trading days have been a wave 4 of the move up that started at the 8/27 or 8/31 low. It's possible that move up topped today, but it's also possible the wave 4 is still playing out.
did u close your trade sds short? why u deleted the trade at 3.37? 4% sds short at 31.60?
ReplyDeletelooks like we got the overlap. I have a high of 10442 on DJX.
ReplyDeleteMy opinion is that the last 4 trading days have been a wave 4 of the move up that started at the 8/27 or 8/31 low. It's possible that move up topped today, but it's also possible the wave 4 is still playing out.
ReplyDeleteGood luck and enjoy! See you week after next.
I deleted the 3:37 post because I did not make a trade. I intended to but pulled back.
ReplyDeletepima
ReplyDeleteHave fun wherever you go!