188 6
Still speculative
First goal is of cause to take out red wave 4.
BUT the big question is... will what I call wave 1 take out 50,59 (red wave 4)... if so SPXU will set a HL a little later proberbly with only a 38,2 retrace and a long awaited correction is on its way

Safe trading ladies and gents!

Music at work:
yea, I've seen and heard about the abcd pattern after the 5 wave, is there any material you would recommend to study to help learn wave theory? I us the Ichimoku, an wave theory goes with it, but the wave patterns are different, like n waves( 4 different types of pull backs from the leg). Then time theory goes into place for the next leg to move.
5 waves up can be seen and a abc zigzag .....Wave 2 could be over here - but no conformation yet.
tradingformoney WallStScalper
i just have trouble trying to figure out where to start wave one . If there was no price action such as where the greeen wave one is at, or that whole 5 waves and zigzag is, i would be lost as to knowing or even where you have wave one started on the zig zag. But yea i completely agree with you on it being super speculative in the begining.
Nice wave analysis!
WallStScalper tradingformoney
Thank U very much...
WallStScalper tradingformoney
It always speculative in the beginning when U haven't any structure to start with.
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