@svenp Not if the rally is a i-ii-.i-.ii.....or an a-b-c of (B) or yet other options consistent with longer term chart shown @ 10:00 . I think you are making assumptions about my count that have not been stated either in the charts nor in my words.
@svenp OTOH, *if* 1170 holds, and we do get a clear five up from 1100, the bearish count would become less likely as it would suggest an unusually long and deep wave 4 up. Moreover, "2" was a zig zag, so there wouldn't be alternation if "4" was also a zig zag (5-3-5 up). Thanks for your comment.
On your S&P bullish count 8:45 wouldn't it be invalidated if pull back into wave i (1170) since iv can't hit i?
svenp 6 months ago
@svenp Not if the rally is a i-ii-.i-.ii.....or an a-b-c of (B) or yet other options consistent with longer term chart shown @ 10:00 . I think you are making assumptions about my count that have not been stated either in the charts nor in my words.
T1systems 6 months ago
@svenp OTOH, *if* 1170 holds, and we do get a clear five up from 1100, the bearish count would become less likely as it would suggest an unusually long and deep wave 4 up. Moreover, "2" was a zig zag, so there wouldn't be alternation if "4" was also a zig zag (5-3-5 up). Thanks for your comment.
T1systems 6 months ago