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was this wave down a fourth wave down or the top in and a more major correction in progress. Will wait and see if the next wave will be revealing. 50% should be held if a fourth wave. Will see if the. market holds in this area to confirm yellow a, equals c, destination. Will be the first valid indication the count is valid.
Can you help answer these questions from other members on NexusFi?
Screenshot 2023-08-17 at 14.59.00
With the strong action today, it appears the very top is in and this will be an extended wave of 1.618. Should have some consolidation around this area, before moving on. Wait to see the direction of the market from here.
it appears back to 4560 and maybe more. Not sure this is a large fourth wave or not. So lost in wave count for the future at this point. The pattern up should tell us what to expect in the future. Still have time to know that fact.
Screenshot 2023-09-06 at 11.18.09
At a turning point again in swing trading SoonPeso7 style. I am not looking for more than the blue b on the chart. But will wait and let the pattern tell if it will go higher in the next swing trade. I am looking for a turn in this predicted area.
Screenshot 2023-09-07 at 16.41.25
Now that the corner has been turned we have to figure out the wave. This could be a flat a-b-c wave or retire clear back to the top. We have a patter of consolidation already and therefore I put Fibonacci on it. It it is exteded it it not a flat correction wave. If blue 100% or c equals a, or that line holds it. most likely a flat corrective wave. Wait and see what the market tells thru the night and tomorrow.
Screenshot 2023-09-10 at 21.04.16
Well, the market turned on target and the huge gap up means a strong market and leaves me hesitant, but. this is where I expected the market to reverse. If the count is right, the 1.618 just above the opening today is an area I would look to short now. Looking for at least a return to the last low, an probably more. I would be a bit cautious on this trade. The next wave should be a 12345 pattern.
Therefore, one should be able to short on the retracement or flat two wave being developed.
Screenshot 2023-09-11 at 07.07.46
Will look to exit trade at the blue and bronze line. I will consider a short on the bronze line. My wave count is off and needs revised, and part of not knowing where the next trade is really at.
2023-09-15-TOS_CHARTS
Hit target with a five count ending at the high of rusty line. Expecting an impulsive wave headed to 4282 area. A failure wave c could happen but so far no indication of a 12345 wave count to look for the end.
