IF we were in France, it would mean three "choices" or three "options" for the local count. The ES 4-hr chart and the ES 1-hr chart with further explanation are below. On le menu are blue x, blue i or red (ii) of diagonal.
 |
| ES/SPY (CFD) - 4 Hr - Three Choices |
Alot currently depends on whether we go through the low again. That can not be emphasized enough. The option of a i ?, up, depends on the entire up wave having been an expanding diagonal, as below. It does have the right measurements and internal structures.
 |
| ES/SPY (CFD) - 1 Hr - Whole Up Wave as Expanding Diagonal |
The (e) wave of the triangle simply has not invalidated yet. So, all we're getting thus far, is volatility.
Have an excellent start to the evening,
TJ
Thanks Tj.
ReplyDeleteIn the upward count 'option' the truncation might be a 'sign of strength'. Plausible.
ReplyDeletehttps://www.tradingview.com/x/Jdj1ZIcp/
There is a higher high and higher low, but I wouldn't put all down counts out of mind just yet.
TJ
..and in an upward count, the first subwave of iii, which we'll call ①, should be smaller in price and time than all of i. TJ.
DeleteNq gap filled from May 4
ReplyDeleteES/SPY (CFD) 1 hr - still a higher high without breaking the (e) wave low. The counting is some of the worst I've seen at the moment.
ReplyDeletehttps://www.tradingview.com/x/LStWGS6J/
Also 'possible' for (e) wave to become a smaller-degree triangle itself. Keep that on the back-burner.
TJ
Should be 'sur le menu' really.
ReplyDeleteExcuze-moi? TJ
DeleteA new post is started for the next day.
ReplyDeleteTJ