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| SP500 Cash Index - Hourly - Triangle of One Form |
Everything still needs to be monitored with flexibility and attention being paid to details. Other forms are possible within limits.
Have a good start to the evening.
TraderJoe
Wednesday, November 13, 2019
One legitimate Triangle
The cash market shows this pattern a little better than the futures.
Everything still needs to be monitored with flexibility and attention being paid to details. Other forms are possible within limits.
Have a good start to the evening.
TraderJoe
Everything still needs to be monitored with flexibility and attention being paid to details. Other forms are possible within limits.
Have a good start to the evening.
TraderJoe
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I was wondering whether a larger triangle was in play. Move up off completed possible E wave in ES does seem a bit atypically sluggish though...
ReplyDeleteThe simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional investor in binary options. During my weeks of being mentored by Mrs Patricia Morgan, I’ve learnt much and also succeeding in trades and was able to recover my lost funds. Feel free to contact her on patriciamorgan984 @ gmail .com for positive results or contact her on Whats App on +32460230365
DeleteWith the move down in futures this morning, potential triangle can be seen there, now, as well.
ReplyDeleteIs the e wave of the triangle a triangle itself?
ReplyDeleteAs extreme as sentiment is, this sideways consolidation likely presages even higher prices. It does look like a larger triangle but I personally no longer consider them penultimate patterns...
ReplyDeleteRunning triangles are not necessarily penultimate. Regular triangles (without the higher b wave) almost always are, except when they are X, with a and c of Y to follow.
DeleteThanks E.T. I did not know that!
DeleteHere's an update. Looks and feels like '((E))', but there is a way it could morph into a larger ((C)), and that's why the expression, "Triangles are Treacherous".
ReplyDeletehttps://invst.ly/on529
TJ
Could be way off here. Can anyone see 5 up on Transports from early Oct?
ReplyDelete4th is exp flat reaching AB x 1.618 ext retrace, w1 x 2.00 = w5? Virtually at
2-4 trendline now?
Thanks
Yes, but IMO, it is only a 'c' wave of a (b) wave. (c) down should follow.
DeleteET, you have looked at AAPL before - could you take another stab at that medium / longer term count to corroborate the overall count?
ReplyDeleteA new post has been started for the next day.
ReplyDeleteThe simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional investor in binary options. During my weeks of being mentored by Mrs Patricia Morgan, I’ve learnt much and also succeeding in trades and was able to recover my lost funds. Feel free to contact her on patriciamorgan984 @ gmail .com for positive results or contact her on Whats App on +32460230365
ReplyDelete