For November 30 - Dec 1 Nice reaction from the reaction zone Approaching another reaction zone. If the pull back is clearly corrective and does not break the support zone, I will continue to look up.
I am waiting for a reaction. A couple of possibilities shown.
Looking for support zone to hold.
Expecting Oil to Pivot here. If so, it's reasonable to expect around $90
NG is approaching a support zone. If the support zone hold, NG could rocket to $7 handle next.
I think it's reasonable to expect (ivO pull back from here. But there's a possibility of re testing the early October low again by means of expandable flat (B) Something to think about.
We will see in the morning
In terms of EW, both paths could work out. Know your parameters.
A pretty good set up for SPX / SPY tomorrow. It's reasonable to think SPX is working up to larger B wave up. So far, looks like we have A wave up and B wave down. From this evenings low, 100% extension zone (A=C) is $4427 and that also happens to be where SPX has a gap. What a coincidence!!!!!
Looking for a structure similar to this in SPY
So far, it's working out as laid out. I am now hunting for the (B) wave top tomorrow. Invalid after $451
Weekly chart for a long term investing PLATINUM broke out a long term TL and now is back testing. A good R & R position - trade your chart
It looks fairly good for a local bottom put in today in SPX. A-B and ED counts well.
SPX500USD (Continued index) Hourly chart A short term set up is there.... would it?
A down side set up is there..... doesn't mean it will happen but the set up is here.
It's a decision time for SPX. Path_1 would be the index is reaching possible B top and head down to test the low again for C wave, Path_2 would be retrace about 50-60% for 1-2 down and head up. This path would create an Inverse H&S shown in pink circle. Path_3 would be a more complex triangle 4th.