Today's movement is similar to yesterday's:
->Force up at the beginning
->Finds important resistance and retreats heavily (yesterday it was relatively slow, today relatively fast)
->It then retested and defeated the previous resistance (both time with speed)
->It ends market hours moving up again
Therefore the analysis is not very different from yesterday's:
->We could see important movement up tomorrow
However, from an Elliott perspective:
->The important retracements of 31-08 and 01-09 are different in nature (one slow, one fast)
->They could be showing waves 1, 2, 3 and 4 of a wave 3.
->Today's market hours up movement could be wave 5
->In that case we could see a wave 4, that could find important support and therefore behave like the one in 26/7-08
What are your thoughts?
Thanks for reading, thanks for commenting
->Force up at the beginning
->Finds important resistance and retreats heavily (yesterday it was relatively slow, today relatively fast)
->It then retested and defeated the previous resistance (both time with speed)
->It ends market hours moving up again
Therefore the analysis is not very different from yesterday's:
->We could see important movement up tomorrow
However, from an Elliott perspective:
->The important retracements of 31-08 and 01-09 are different in nature (one slow, one fast)
->They could be showing waves 1, 2, 3 and 4 of a wave 3.
->Today's market hours up movement could be wave 5
->In that case we could see a wave 4, that could find important support and therefore behave like the one in 26/7-08
What are your thoughts?
Thanks for reading, thanks for commenting
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.