The (e) wave of the triangle likely ended in the a.m. the day before. Probably into a third wave higher of v today. Can go further - with the widest width of the triangle as a common target. TJ.
Going off my own indicator based system, I can see Sell in May, where this push out of the triangle (somehow) becomes merely 1 out of a final wedging five wave ED. And yes, the first leg now looks quite mature.
I was concerned that an e wave could have ended at 5167.75.
ReplyDeleteTriangles are treacherous!
Unimaginable. 4100 to 5200 without any correction.
ReplyDeleteLooks and feels like "back to normal"
DeleteThe (e) wave of the triangle likely ended in the a.m. the day before. Probably into a third wave higher of v today. Can go further - with the widest width of the triangle as a common target. TJ.
ReplyDeleteWith the "intensity" of this primary 3rd wave of this ED, I'd expect that the 5th wave might truncate.
DeleteWidth of the triangle and top channel just above. We are also right around the 1.38 retrace on the weekly.
ReplyDeleteES 1-hr. Getting quite mature out of the triangle. Caution warranted. TJ.
ReplyDeleteProbably heading over to the other side of the channel.
ReplyDeletehttps://imgur.com/nLwEWFJ
My tongue in cheek extended 5th 1-2-i-ii is still in play
ReplyDeleteGoing off my own indicator based system, I can see Sell in May, where this push out of the triangle (somehow) becomes merely 1 out of a final wedging five wave ED. And yes, the first leg now looks quite mature.
ReplyDeleteSome 30 min ES 4th wave sneak happening.
ReplyDeletehttps://imgur.com/YfICzYA
DeleteA new post is started for the next day.
ReplyDeleteTJ