The bears will see that opportunity ed :)
But The Bulls will also be seeing a possable 1,2 of a 61.8%...
First targets for a lesser "c" is always the 1;1 then extensions into the Fibs back up...
Scribble with some ratio's on
240min ES
waste time in a larger (b) wave kinda day ?
Needs to clear that 1:1 @ 917 to confirm its bias up in a lesser "c" wave of that larger (b)...
240min Globex
If one time frame isn't clear, on whether or not an ALT was busted , it helps to step up a time frame... :wink:
Thanks elo, Mike & ed.... !
Enjoyed today myself :D
Got to 897 so not far off that 895....
30min ES
Got the new low :)
Could very well be messing about in an Exp Flat with this new low the "b" wave..
Would perfer the 61.8% to be hit at 895 but we see how it goes...
Just have to watch out around these ALTs when bars are closing out...
On the 15min It just closed above, right on the death of the bar ....When that happens its normally a hunt the stop/limit's run, so its still could have a run back down...
The +17.5 Alt is the main one i'm keeping an eye on for the first sign of any change in degree...
If it holds its Alts then it means nothing changes for the bears.....
15 Min ES :)
Got to that Globex 50% :)
We'll see what it does from here, ( if it goes then 895 is the next magnet)
Don't know any EW fourms better than this one monti1a :D.
240min Globex
Thanks Mike ...!
Most will be keeping a close eye on that 50%*
If it busts through then the odds start moving into the new lows counts...
*Globex 50% is at 916.75 so that also could be one to watch...
:)