rohitbenson79

rohitbenson79

EXPECTING A SHORT PULLBACK BEFORE WE MAY SHORT IT AGAIN

rohitbenson79

There must be a 1-2-3-4-5 if what we are seeing here is right. I'll look for a wave 2 , then short it to get a 1.618 of wave 1. all of that if the wave one isn't the extended wave. And, all of that if wave B is complete. However , the overall perspective is continuation of the uptrend. the B wave is more than 1.382 of wave A, quite a large one. Let post market...

rohitbenson79

LET THE TRIANGLE CONFIRM OUR THEORY< WHETHER we are on the right track or not...

rohitbenson79

I THINK WE ARE READY FOR MAYBE ANOTHER ZIGZAG OR FLAT TO FOLLOW , DOWNWARD MOVEMENT MAYBE ON ITS WAY.

rohitbenson79

LETS WAIT FOR THE C WAVE TO COMPLETE, WE MAY SEE A SHARP SELL OFF VERY SOON. ALSO THE SCENARIO COULD BE LIKE THE C WAVE HAD ALREADY COMPLETED, THE INNER PORTION WAS THE X WAVE AND WE ARE CURRENTLY IN THE A WAVE OF ANOTHER CORRECTION. ON WHY I DONT THINK THATS THE POSSIBILITY IS THE LACK OF ALTERNATION IN THE 4TH WAVE OF THE C WAVE.

rohitbenson79

FAILED ZIGZAG , the last extends less than 23% of a , which means the zigzag should be retraced more than 80%. let post market action decide

rohitbenson79

ON A FOUR HOUR CHART this looks like a double failure, with a confirmed c fAILURE, LET POST MARKET ACTION DECIDE.

rohitbenson79

WE ARE ON THE 3RD WAVE OF THE FIFTH WAVE ON A HIGHER DEGREE. THE FIFTH WAVE IS THE EXTENDED WAVE. to be a true impulse the new wave must end near 1.2730

rohitbenson79

WHATS THE TEST FOR IMPULSIVE MOVE? WAVE 3 cant be the shortest and the longest wave has to be 1.618 times (internally) more than the next longest wave. also the fifth and 1st wave are related by a 0.618. theres a nice simple 3 wave correction and its heading south. this could be the second wave of the larger degree.

rohitbenson79

HERES A NEO WAVE ANALYSIS. THE E wave must complete around 0.618 of d. WE can then think of going long.