'a' wave was just a few days, market overall is stupidly bullish, 'c' wave likely be shallow and brief, expect this pullback to finish up before Thanksgiving break and bull again the week after to 3 Dec IMO
oliverrathbun
⋅
@DaddySawbucks, I'm counting 5 waves up from the 11/10 low (a to b label). I'm wondering if wave 1 of 5 is already finished and 2 of 5 to follow Thursday. Prices are getting close to falling out of the price channel from the low of 2 on 10/2. If that happens it calls into question the supposition wave 5 takes out the high.
Financial_Freedom_Group
⋅
Anyway is a Daily chart.
samitrading
⋅
Hey buddy, how can you have 3 waves in W1 of impulsive structure.
Financial_Freedom_Group
⋅
@samitrading would you like to tell me something I don't know
DaddySawbucks
⋅
@samitrading, Counts look okay but the ABC will probably be a measured move, ending wave 4 around 4630 +/- 15 pips for a zig-zag.
Financial_Freedom_Group
⋅
@DaddySawbucks, i never stress my self about corrections because they are so many type of corrections hence i dont trade corrections, but yall should follow your own analysis.
samitrading
⋅
@DaddySawbucks, Hey buddy, October 4th - 7th is a 3 wave structure. If this is an impulsive wave then W1 must be 5 waves structure . Need your thoughts on this buddy @DaddySawbucks