On the daily chart of the NQ futures, below, it certainly looks like wave (iv) is underway. Sometimes the target is the prior wave iv. Flat waves and triangles are both allowed.
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| NQ Futures - Daily - Wave (iv) started? |
In this count, overlap with wave (i) would be a rules violation for an impulse and would be a significant warning sign.
Have an excellent start to the evening.
TraderJoe
Hello Tj,
ReplyDeleteIn an earlier post you had mentioned some time this year you expect a 3rd wave lower on th Es.
On what level breech would this be confirmed?
SPY 5-min: longer Ⓑ wave, and the Ⓒ wave up. In the area of the prior fourth.
ReplyDeletehttps://www.tradingview.com/x/Y0F6yXYh/
TJ
Does SPX have one more push to 4324? The high of August 2022.
ReplyDeletehttps://www.tradingview.com/x/YUziQb58/
SPX 5 min Barrier Triangle continues OR impulse?
Deletehttps://www.tradingview.com/x/dkEAznwV/
This is a JOKE 4 days absolutely SIDEWAYS......
Delete4 hr rsi keeps getting lower on every touch of 4290. false breakout coming I think
DeleteKeep counting waves the SPX is making some nice practice today. at least for me.
Deletehttps://www.tradingview.com/x/eVXGgZ6y/
4th micro wave was a flat?
Deletehttps://www.tradingview.com/x/6BMONSxn/
SPY 30-min: all of this is happening within 90% of the high. Sometimes the z wave, if there is one, elongates unexpectedly - kind of like in the fifth wave of a diagonal but not exactly.
ReplyDeletehttps://www.tradingview.com/x/M1UkFTrA/
TJ
SPX near 1 year high 4325 on 16th August 2022. Consesus with Fed pausing next week should propel markets. Cpi also next week.
ReplyDeletewow I did not think we would get there today, https://www.tradingview.com/x/pyUq5Ocn/
DeleteSPY 30-min: five waves down, gap fill & overlap inside of 1.382; possibly a larger X wave, up, of (iv), down.
ReplyDeletehttps://www.tradingview.com/x/GPKnqmvQ/
TJ
wave ④ was at 0.382 x ③.
Deletehttps://www.tradingview.com/x/4qDmNPPw/
TJ
SPY 5-min: up wave longer in 'time' than down wave. Can be counted as a flat to near the 62% retrace level.
ReplyDeletehttps://www.tradingview.com/x/Qnb8pL12/
TJ
SPY 5-min: first breech of parallel to the downside. Looking for a lot of length or back-test that fails.
Deletehttps://www.tradingview.com/x/cXDAnfCx/
TJ
SPY 5-min: back-test didn't fail; no length. Dropping channel one time. Now near 62%.
Deletehttps://www.tradingview.com/x/YoF8sb97/
TJ
SPY 5-min: back below channel again. Still looking for length or a back-test that fails.
Deletehttps://www.tradingview.com/x/nhFQ7HM9/
TJ
SPY 5-min: lengthening a bit with one level of downward overlap, now.
Deletehttps://www.tradingview.com/x/Vzkhh1Og/
TJ
SPY 5-min: now a second level of overlap on the upward Ⓐ wave, too.
Deletehttps://www.tradingview.com/x/A8bJ61Ef/
TJ
SPY 5-min: here comes the back-test; see if holds or fails. TJ.
DeleteSPY 5-min: the back-test held, and there is a lower low after (failure wave).
Deletehttps://www.tradingview.com/x/a3NeYRTp/
Good luck all.
TJ
For chuckles ... NPR 5 o-clock news last evening: "the market advanced further into bull market territory, with the S&P500 up 4 points".
ReplyDeleteNo mention of the fact that it was up 28 points in the morning.
A new post is started for the next day.
ReplyDeleteTJ