Elliott Wave and Index Trends with POKERSAM Message Board

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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM

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Mevis

From: POKERSAM	6/11/2019 12:27:39 AM
	1 Recommendation Read Replies (1) of 1782

Hello Pat. I haven't heard from you in about 6 months. You should say hello more often. 2625 was the high odds most common target when we got stopped at 2728. 2728 was the 12% odds to stop the decline. It happens. Let's say the top of this run-up is complete at 2904. If so it is a wave 1 and the wave 2 will get to 2796 to 2816. 73% chance it will hit in that window. 12% chance it will be less and 15% chance it will be more. So now the question is was the top of 1 at 2904. Did we have a five wave impulse from 2728 to 2904? The length of wave one in an impulse is difficult to estimate. Every wave that follows wave one can be estimated based on the length of wave one, but of course, there is no wave to compare a wave one to. So what do you do? You look for 5 waves and a very rough idea for an approx. length based on wavelengths of higher degree waves you do have and where you are going. The bottom line here is that based on the very limited evidence now present, 2904 could very well be the top of 1.

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