here is more explanation of my last video that why we have 3 targets based on elliot waves. there are 3 elliot waves from small to big picture that gives us some classics theoretical targets. does it mean we will reach all of them? does we even pass them? or we reject from here again? all possible!!! if you are a trader more than even 1yr you know that ALL...
It is based on what we now know. it might be different from what we can now tomorrow! but we can predict based on the past!
I am just consistence with my strategy and share what I see. time to buy short term-term call (1-2month) with delta above 0.85. TLT right now $133.25. Then need confirmation on weekly candle to open longterm call as well. Will come back to this chart in 1month,2month,6months and then Jan 22
to see better. impulse pattern to me . fibs and fork are clear as well. classic fib 61.8% ? maybe soon to say but this is a pattern I see have more chance so far.
expiration of this Friday contract. now it is time to short. Fib retracement, Modified Fork, resistance line and logarithmic fib channel are obvious. we are at the end of impulse elliot wave of today. It is actually more conservative target than aggressive. Put for next Friday expiration.