I'm personally not in love with any count. As I suggested in several posts & comments, a minute ((b)) wave count could be messy and full of trips & traps - especially in the light holiday volume. Here is one version on the ES 8-hr chart, which at least provides an upside target from typical technical analysis.
You could also see it as (w)-(x)-(y)-(x)-(z) and I would not say it was incorrect. However, as before, there is no downside count likely to be started until or unless the lower parallel trend line is broken, then back-tested and having the back-test fail.
Have a good rest of the holiday weekend.
TJ
That really makes sense with the thrust and that wave marked d that was impossible to count.
ReplyDeletethanksgiving surprise from China/AAPL
ReplyDeleteFor better time proportionality, and a better chance at degree labeling, the form can also be considered like this. Either way, it looks like a 'c' wave to wrap up.
ReplyDeletehttps://www.tradingview.com/x/TBF9aYG0/
TJ
Boy 10y3m is kinda worrisome. Hope everyone had a wonderful holiday! https://fred.stlouisfed.org/series/T10Y3M#0
ReplyDeleteGold looks like another smaller flat.
ReplyDeleteA new post is started for the next day.
ReplyDeleteTJ