Up early Friday, well off highs at end
Now that Minor wave 3 has likely ended (62 hours later), the index is well into Minor wave 4 up. We could even be nearing the end of Minute wave A. Historical data indicates Minor wave 4 could last 21-36 hours with a final top around 4350-4387. It is possible the index is already in Minuette wave 5 of Minute wave A inside of this Minor wave 4. Looks like Minuette wave 5 will last about 4 hours max and the first hour has already ended with Thursday's close. Strong model agreement of the top around 4340-4348 within the first few hours of trading on Friday. This could be achieved with a probable gap up to open, but all gains will likely be given back over the rest of the day and early hours on Monday. The final top for Minor 4 will likely be achieved next week.
More analysis, data, and levels will be available by the weekend once Minute wave A has truly ended. More great insight and datastreams to come.
More analysis, data, and levels will be available by the weekend once Minute wave A has truly ended. More great insight and datastreams to come.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.