Bullish presignal at close of yesterday target 9227

H

harrytrader

On scale 1 (hourly) a bullish presignal was given after having made wave 5 down target.
On scale 2 (dayly) the low coïncide with wave 1 and consolidation is wave 2 expectancy at 9227. Must pass the cutting zone of 9057 to confirm.

P.S.: this is not elliott wave theory but an other "ewave" approach derived from my theorical model.

<IMG SRC=http://harrytrader.membres.jexiste.org/market/expectancy_100603.gif>
 
Camarilla lovers sellers will have to cut at 9057 fuelling the rally :D

<IMG SRC=http://harrytrader.membres.jexiste.org/market/expectancy_100603c.gif >
 
They just made the narrow day under the break level at 9057/9058 - so it was not 9050 as some trendliners believe believe hee hee. So tomorrow should be an easy MOB (make or break) day.
 
Quote from harrytrader:

They just made the narrow day under the break level at 9057/9058 - so it was not 9050 as some trendliners believe believe hee hee. So tomorrow should be an easy MOB (make or break) day.
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Well, I hope you are right and we rally like mad tomorrow. Because I have a huge position on overnite. I really need it to come back for me to make back the $ I lost today! haha.

Well, if not then I know my exit points already.

thanks!

-99
 
strong resistance at 9097 Onweekly
<img src=http://harrytrader.membres.jexiste.org/market/expectancy_110603.gif>

Quote from trader99:



Well, I hope you are right and we rally like mad tomorrow. Because I have a huge position on overnite. I really need it to come back for me to make back the $ I lost today! haha.

Well, if not then I know my exit points already.

thanks!

-99
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Hee hee it consolidated around 9100 before taking off and reach the wave 5 target of scale 1 at 9178 theorically (in real we made a bit higher at 9183.22 and at close which confirms the bullish bias. If we take 16:00 the high was 9181.92 so very close to the theorical number). This level is a precontinuation signal so we are on the way to do our 9227 target and even more possible but I must make calculation before.

<IMG SRC=http://harrytrader.membres.jexiste.org/market/expectancy_110603b.gif>

P.S.: remark the 9112 level (in fact 9112/9120 combiningspot and futures but I show only one chart here) marked as precontinuation signal this was an indication that the consolidation around the weekly resistance was bullish.

Quote from harrytrader:

strong resistance at 9097 Onweekly
<img src=http://harrytrader.membres.jexiste.org/market/expectancy_110603.gif>
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After making calculation my intuition just above was false :D: calculation shows we are already overextended at current level so that so 9227 could not be done straight away.
 
We are overextended because the wave 1 on daily scale is above yesterday's high, nevertheless if we touch it at 8207 then this would nullify the potential reversal and launch a presignal for a new bullish impulse instead.

<IMG SRC=http://harrytrader.membres.jexiste.org/market/expectancy_120603a.gif>

For the real signal onemust look on lower scale : the wave 1 is at <FONT COLOR=GREEN>9220</FONT> which should be the break zone after opening.
<IMG SRC=http://harrytrader.membres.jexiste.org/market/expectancy_120603b.gif>


Quote from harrytrader:

After making calculation my intuition just above was false :D: calculation shows we are already overextended at current level so that so 9227 could not be done straight away.
More...
 
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