This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Hey, CR,Your AB line retraced exactly .382 of the XA move (I counted from the high from a few days previously). This opens up a couple possibilities- first is the Alt Bat which is triggered off from the exact hit of .382 and would target 1.13 of XA (a new ATH), the second, it could be targeting .618 first, with the initial hit of .382 just an interesting coinkidynk, then you could go on to hit the .786 after a retrace from that. (The Gartley could also trigger a butterfly after retracing from a hit of the .786, which would put the 1.272 in the crosshairs.)Head hurt yet?
Im having a Stan Laurel moment LoL !