SPY is now in WC potential completion zone, with daily/60 min in OS conditions
Comments
mike.lawler.969
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I've been counting waves for quite a while.....your count is spot on for this sell off.....My buy signal was 192.55...I reversed the position at192.75 however......be aware of the harmony of the waves....
Nick_C_
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To be clear-- This is just the ABC completion.. I lean towards an X wave with continued downward price action after 60m/daily stochastics work out of OS conditions
mike.lawler.969
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Time will tell, this could just be the A wave....with the B wave now beginning.......but this B wave should snap back pretty good, at least 50%......at that point of reflection, is when you'll hopefully can tell whether its a test of old highs or these lows..it's going to be one or the other
mike.lawler.969
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It's obvious you have the ability to count waves well, but you're buy signal came in a full point off the low
Nick_C_
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Haha! it's all good.. depends on your perspective, these are probabilities not certainties.. I'm relatively new to the wave principle and striving to become a better trader with each passing day-- thank you for the criticism