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Saturday, October 5, 2019
MTU Weekend Ed - Triangles (10/4/19 close)
Once again, watch the (upward sloping) red line. In addition, monitor the potential smaller EDT (blue) and the potential larger EDT (green).
One thing to bear in mind under the EW system is that after any mkt has completed wave 5 of 5 upcycle, its next correction of the same degree will not be an a-b-c, but 5 down. Only after waves 1 & 3 of an upcycle wave do you see the a-b-c which forms waves 2 & 4
EW FACT -
ReplyDeleteOne thing to bear in mind under the EW system is that after any mkt has completed wave 5 of 5 upcycle, its next correction of the same degree will not be an a-b-c, but 5 down. Only after waves 1 & 3 of an upcycle wave do you see the a-b-c which forms waves 2 & 4
Mkt Man