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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: crashwatch who wrote (40073)	7/3/2024 1:14:24 PM
From: crashwatch	Read Replies (2) \| Respond to of 41064

Forgot to mention. Another target I'm watching for is double the midpoint of the pre covid high of 3393 and the post covid low of 2191. So that would be the result of adding up the 2 numbers out to the hundredths, or 5585. Another more immediate consideration is a possible ABCDE finish to this run with A being the high of 6/20, C being the high of 6/28 and the E wave in progress. As has been pointed out, there are targets in the 6,000 area based on similar analysis from other places on the chart. But I think we have to deal with the 5,600 plus or minus area first. "LBR: Here’s an interesting one based on a failed pattern: If today has the widest range of the past four days and an up close, the odds the low of the bar will be taken out in the next two days is the least-probable scenario. We came up with a great little system based on that: If you see a wide-range bar with a lower close or a higher close and the high or low of that bar is taken out within two days, it’s a signal. If there was a down-closing wide-range bar and the market takes out the high of that bar within two days, it’s a buy signal, because that’s the least-probable scenario — it occurs maybe 20 percent of the time. And when the least-probable scenario plays out, there’s a very powerful reason why." lindaraschke.net