AMEX:SPXU   PROSHARES ULTRAPRO SHORT S&P500
188 6 2
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!
@BLawrenceM

Music at work:
https://www.youtube.com/watch?v=0p_1QSUsbsM
http://open.spotify.com/track/5RYLa5P4qweEAKq5U1gdcK
Wall St Scalper
tradingformoney
2 years ago
Nice wave analysis!
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WallStScalper PRO tradingformoney
2 years ago
Thank U very much...
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WallStScalper PRO tradingformoney
2 years ago
It always speculative in the beginning when U haven't any structure to start with.
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5 waves up can be seen and a abc zigzag .....Wave 2 could be over here - but no conformation yet.
snapshot
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tradingformoney WallStScalper
2 years ago
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.
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tradingformoney
2 years ago
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.
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