A Focus on Counting the Elliott Wave
IFF we go higher on the FED output on Wednesday, this count might explain it. The current down move seems to lack speed.
As always, watch the new potential channel. Have a good start to the evening.
TraderJoe
SPY 1-Hr: there is a now a new low which can be part of a) Diagonal, or b) NESTED 1-2-i-ii lower.https://www.tradingview.com/x/KgnnFavf/TJ
SPY 1-Hr: here are the two options. The nested count has slightly higher odds as the diagonal is not formed with the best fourth wave. The black circles are the diagonal, the blue numerals are the nested count.https://www.tradingview.com/x/CusH3MUO/TJ
Thanks for the excellent analysis. Seeing the different options on a single chart is really helpful! 😊
A new post is started for the next day.TJ
SPY 1-Hr: there is a now a new low which can be part of a) Diagonal, or b) NESTED 1-2-i-ii lower.
ReplyDeletehttps://www.tradingview.com/x/KgnnFavf/
TJ
SPY 1-Hr: here are the two options. The nested count has slightly higher odds as the diagonal is not formed with the best fourth wave. The black circles are the diagonal, the blue numerals are the nested count.
Deletehttps://www.tradingview.com/x/CusH3MUO/
TJ
Thanks for the excellent analysis. Seeing the different options on a single chart is really helpful! 😊
DeleteA new post is started for the next day.
ReplyDeleteTJ