jamjahal

jamjahal

It looks like an elliot wave is forming and is on wave 2. The waves building up to this have had wave 2 retracing to around .618. If I assume wave 3 is 1:1 and wave 4 comes down to .382 (smaller retracement complementing wave 2's bigger retracement) then these are the short term targets. Lets see how close we get and TP along the way! Let me know if you have...

jamjahal Updated 

Newbie here testing an idea. Looks like a bull pennant closing in the next two days. If it breaks 2500 I am looking at a target of 3800 in the short term based on the length of the last flagpole. Fuel has been bouncing off of the MA20 and i think it will do so again. I will be keeping my eye out for a spike in volume above the MA20.