XJO 2.11% 7,943.2 s&p/asx 200

harmonic pattern trader- weekly update4th june, page-22

  1. 5,985 Posts.
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    Nope, I'm not as technically cluey as you though.

    as of yesterdays action, I think we are going to 4350 (probably on minuette wave 3, then a bounce & final low somewhere between 4300-4350)

    It would also give us relatively close wave equality to wave 3. I'll let you know when I see a wave count that looks like wave 3 complete

    this is where I'm counting it.
    inside wave 5 of C of 2
    intraday chart last 6 days

    4725-4530 = wave 1 (9wave down)
    3 wave bounce 4575 = wave 2
    currently in wave 3 (starting submwave 3)

    red this week & early next week, bounce mid week then final low is the gut feel right now. so I'm guesstimating 7 to 8 trading days forom the final low. (now that's very rough back of beermat assessment)
 
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