The market has held over night and the trend line seems to be holding. The first bar of the day will determine direction and will buy if it says up. Meaning the count is off, but it will now be quite an upward move as it goes. It should be the beginning of the larger -c- wave. The -b- wave was from the one trend line to this rusty reddish line. will see what the day gives.
Can you help answer these questions from other members on futures io?
Still holding short, but no going. Lots of support here. Still believe there is a bit more down trend to be got on this trade. The weekly chart shows up. So the question is how deep will this go as it already touched and holding 2138 and that maybe all we get out of this flat correction since wave 3.
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Finally moved and the swing trade will be at 100% or 4106.75 to the orange line for the end of this c wave, ending leg. Looking to close out short and go long.
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Got a buy signal this morning and so stay long, but an hour later with no real gain produced a sell signal. -a-b- creates extended -c-. Is it over? Want a buy signal in the morning and the line broken to confirm that notion. If right the corrective wave will go back to 2. Corrective waves like to go to last 2 or b of the patten your in.
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trying a new program. It will do automatic predictions but I prefer to do my own. I just view things different than programs often do. This will give an idea what I expect to happen. I also use a 1/2 hour bar to give an idea for the direction of the market for the day. Some people prefer the 1 hour bar to tell direction for the day. Either one will let you know so you not sitting at the computer all day for most days.
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The market decided to do the correction in one day. Sitting on 78.6% retracement with a tat to go. Otherwise back the other way. Look for a sale on open tomorrow.
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Before the market opens again let's explain some insight for the next few days. Notice there are two lines and both represent a wave pattern. One is larger than the other. The white line has been touched by the market which indicates that is wave four. When waves end the fifth wave is extended so it looks more like an -a-b-c- pattern though it is not. That gives one a more accurate turn around point. So then a larger fourth wave takes place and needs to touch the red line or more. Then count that fifth wave to end this market direction. The wave larger will give one an idea what to expect if desired.
This is a new platform for trading. It does make some functions easier to use but not sure I enjoy the price for that benefit. Predictability? Probably requires assistance like others I have tried. Use the line described above to assist in keeping the software reliable. I am reviewing other software to see what I like and it will all be with wave principles in mind as it is the only way I trade.
silly
