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

harmonic pattern trader- weekly update4th june, page-8

  1. 5,985 Posts.
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    Hi Das, do you think 4530 is the final low?
    I was a bit confused on the Intraday wave count from 25 May (10day charting obviously isnt enough to get a clear picture),
    but it appears to have done a 9 wave down from then. i wasnt sure if I was mixing subminuette & minuete waves if you know what I mean.

    4530 does hit my higher target of wave equality with wave 1. If I'm wrong on the intraday wave count & we set a new low after an ABC move up then that was only wave 1 of 5 in wave 5 of C & likely to fall to 4350 or even 4200

    I'm kicking myself that I was to nervous to switch the super cash to shares today. Will definitely bounce off 4530 even if only for the rest of the week IMO


 
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