I zoomed us out for this post to get a better/more obvious picture of where we are going. If my count is correct, we should move higher to finish out this wave 2 next. I have a target box marked showing where I anticipate this move to end. This move shouldn't take very long and be done by tomorrow. I would not be surprised if we don't raise all the way to my box. This is just a "normal" retrace. After that we should fall pretty hard and would be a good place to potentially short the market.
When we get more details, I will update again. For now, be patient and wait for confirmation. There is still plenty of meat left on this move down.
Bonam Fortunam,
--Tyler
When we get more details, I will update again. For now, be patient and wait for confirmation. There is still plenty of meat left on this move down.
Bonam Fortunam,
--Tyler
Note
With all the overlap at the beginning of this wave i down, we may have been forming many 1-2's. If that is the case, then we should go up and make OML before going up again for wave ii. This would make sense given all the stocks I track are needing at minimum a retrace.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.