MSFT 4-hr: here is a closer-in look as MSFT, using The Eight-Fold-Path Method on the four-hour chart. This provides 1) a 1.618 wave, 2) alternation with a running flat for ii - which augured in a large wave three therefore fitting the wave two personality, and a long, extended in time triangle for wave iv, 3) followed by two measurements out of the triangle, 4) a channel, and 5) a channel mid-line.
https://www.tradingview.com/x/qr8ATeNq/
This kind of work can be quite precise. One measurement (the typical TA one) out of the triangle ends at the $400 price point. The second measurement ends at the mid-point of the current channel, where price has touched. One can also do a v = i measurement which is slightly above $410.
My question is this: given price at $387, is it worth the risk? There is one way price could have ended and three ways it could extend modestly. TJ
ES 30-min: from the intraday wave-counting-screen. There are three waves up to 90% and now five-waves-down (chart is behind). The five-down argues for monitoring the high to see if a retrace does not exceed it.
https://www.tradingview.com/x/1VGLYhk1/
Just be careful and let the market do some analysis for you here. TJ
MSFT 4-hr: just fyi - a short term analysis of MSFT using The Eight-Fold-Path Methodology appears at 1:05 pm, above, in a follow-on to David's long-term post. TJ.
Potential 1-2-i-ii forming off the highs in SMCI
ReplyDeletei am reading it completely opposite..as abc (3,3,5)...the usual dilemma.
Deletesmci that is so abc was4th ...and now its in 5th wave
DeleteWhich timeframe? Two top 10 trades transacted today at $343.31 on the retrace of the down wave.
Deletehttps://www.tradingview.com/x/pOamd7ys/
Deletebtw A is 3 waves not 5 as far as i can tell
DeleteMSFT long term count. https://ibb.co/1zVsCwV
ReplyDeleteMSFT 4-hr: here is a closer-in look as MSFT, using The Eight-Fold-Path Method on the four-hour chart. This provides 1) a 1.618 wave, 2) alternation with a running flat for ii - which augured in a large wave three therefore fitting the wave two personality, and a long, extended in time triangle for wave iv, 3) followed by two measurements out of the triangle, 4) a channel, and 5) a channel mid-line.
Deletehttps://www.tradingview.com/x/qr8ATeNq/
This kind of work can be quite precise. One measurement (the typical TA one) out of the triangle ends at the $400 price point. The second measurement ends at the mid-point of the current channel, where price has touched. One can also do a v = i measurement which is slightly above $410.
My question is this: given price at $387, is it worth the risk? There is one way price could have ended and three ways it could extend modestly.
TJ
This would make a nice b wave on es.
ReplyDelete3 wave correction to prior wave 4 ?
ReplyDeletehttps://www.tradingview.com/x/5sJRG6pL/
50% retrace and break of trendline.
Deletehttps://www.tradingview.com/x/brK8hjmr/
Time extensions of up wave plotted. We should see some move around those times.
Deletehttps://www.tradingview.com/x/x2Rzutzy/
SPX made a low at 50% time and price retracement and now going up.
Deletehttps://www.tradingview.com/x/uqSKTQZy/
Up move ended right at 100% extension.
DeleteWe have now passed the time it took to from the impulse wave up.
Deletehttps://www.tradingview.com/x/sDlTipWl/
DeleteES 30-min: from the intraday wave-counting-screen. There are three waves up to 90% and now five-waves-down (chart is behind). The five-down argues for monitoring the high to see if a retrace does not exceed it.
ReplyDeletehttps://www.tradingview.com/x/1VGLYhk1/
Just be careful and let the market do some analysis for you here.
TJ
Move down does look corrective, but...bearish divergences continue...
DeleteA lot of action around the mid line.
ReplyDeletehttps://imgur.com/PK1Bjwg
Well if anything it looks like the banks topped.
ReplyDeleteMSFT 4-hr: just fyi - a short term analysis of MSFT using The Eight-Fold-Path Methodology appears at 1:05 pm, above, in a follow-on to David's long-term post. TJ.
ReplyDeleteSPX 15-min: some chart notes including lots & lots of overlaps.
ReplyDeletehttps://www.tradingview.com/x/Ew5ECQ6h/
TJ
SPX 15-min: five-wave-down argues for putting a "wave-counting-stop" above that 62% retrace level.
Deletehttps://www.tradingview.com/x/PHEWo60B/
TJ
100% time extension of wave down in the morning approaching.
ReplyDeletehttps://www.tradingview.com/x/RPWruGuP/
Up move right at 100% time extension. Need to see if it continues.
Deletehttps://www.tradingview.com/x/lpcqZxa7/
Not sure if we are forming a triangle.
Deletehttps://www.tradingview.com/x/mymStmmr/
A new post is started for the next day.
ReplyDeleteTJ