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Pastimes : Da_cheifs vomitorium

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Mongo2116
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To: Mongo2116 who wrote (6755)5/18/2023 4:54:51 PM
From: #Breeze4 Recommendations  Read Replies (3) of 7553
 
Mongo, today's high invalidated PS aka Yosemite Sam's WXY Wave Count. Watch him come up with a bizarro alternate bearish wave count. He needs to enroll in a formal EW course. Breeze

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I posted this on 5/6/23:

"Mongo, time to give PS aka Yosemite Sam an EW lesson. He's unable to demonstrate his EW skills else he would have posted a detailed labeling of his WXY wave count. So I had to do it for him as an alternate wave count posted below.

Lesson no 1. That Wave B of Y was an ABC Flat pattern.

Lesson no 2. Wave 1 of C of Y unfolded in a five wave pattern. And started at 4195.44.

Lesson no 3. Wave 2 can not rise above the start of Wave 1(an EW rule). So a print above 4195.44 invalidates this bearish wave count.

So what will PS do to try and wiggle out this predicament. He'll say that Wave B did not end at 4195.44 and that his wave count will only get invalidated if prices rise above 4325.28"
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