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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Lee Lichterman III who wrote (75367)1/2/2023 10:45:55 AM
From: Sendme2 Recommendations

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Lee Lichterman III
Lou Weed

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Trying to fit price action into a Wycoff pattern isn't really following the structure as closely as I would like to see.

So the alternative would be a possible Elliott corrective wave. I see an expanding flat and then a running flat.

3 Elliott Wave Flat Patterns to Know and Understand | CariGold Forum

Three Types of Elliott Wave Flats (elliottwave-forecast.com)



The theory would suggest that they happen more often in waves 2 and 4 of a bigger wave count.

So looking out at the 15 minute chart, this could be a wave 4?



30 minute chart.



That would fit in with a potential bearish chart that would suggest that this is just a wave 1 down on a 4 hour chart?


This could just as easily move up first this week, we are again in the middle of any type of pattern which is difficult to predict. The better entries IMHO are going to be more towards the 3900 level if it goes up first or down at 3700 if it goes down first.

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