Update to Blue Skies
Updated
I don't know how to update my previous posts with additional charts. Maybe I have pay for the pro membership which I don't care for so this is an update to my previous posts.
Still the same count, just different fibs. Looks like the green 3 tagged the 1.272. We've seen many 1.272 tags for wave 3s in the last 14 months. I think it's another way algos have figured out how to trick us (along with many 23% wave 2s). Currently green 4 is sitting around the 23%. Will jpow send it to .38 or will he send us rallying for wave 5? Love to hear your thoughts. On the smaller timeframe, I see a clear abc, with a tagging 14%. A @ 14%, C @ 23% works for a 4. My portfolio has taken some hits this week. I'm hoping we see some large green days soon. But I'm mentally prepared for that 38% just in case. Happy trading, gl.
Still the same count, just different fibs. Looks like the green 3 tagged the 1.272. We've seen many 1.272 tags for wave 3s in the last 14 months. I think it's another way algos have figured out how to trick us (along with many 23% wave 2s). Currently green 4 is sitting around the 23%. Will jpow send it to .38 or will he send us rallying for wave 5? Love to hear your thoughts. On the smaller timeframe, I see a clear abc, with a tagging 14%. A @ 14%, C @ 23% works for a 4. My portfolio has taken some hits this week. I'm hoping we see some large green days soon. But I'm mentally prepared for that 38% just in case. Happy trading, gl.
Note
4 bounced at 23% with great volume on the small time frame. What a crazy hourly candle. 4030-4050 incoming, then down for 2. I wonder if 3 will take us out of the channel for an upside breakout? We've failed to break down out of it twice. Maybe we'll break up instead.
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