So, we are again in a giant correction and probably we will rest into it untill post elections (middle November?). What i see as possibility now is a slowly drop to 1880 - 1855 area, then from there a rise up to al least 1955. So a strategy atm would be to hold the sells untill 1880 and close them from there to 1860 and then try a buy to 1955.
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This would be the idea of the inner count: Note
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3 different scenarios to the road to 1760: Note
today updates (before US elections): Note
during the election day: Note
the entire idea: Note
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We are in the short area (red rectangle): Note
OK, we shorted at 1956 cause that was the potential reversal point of the gartely pattern at 1,272% of AB, but here we have a different and probably more accurate version of that pattern with a different method of puttinf the fib extensions, so probably the next entry will be at 1968: Note
two examples of gartely pattern (educational to find the 1.272 extension): Note
updates: Note
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Ok, the Gartley was completed and played well with shorts. Now lets see if our count will be validated. this could be the new impulse down (first wave in upper count): Note
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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.