A correction of 38.2% is the minimum that can be expected after a completed 5-wave swing. Most of the time a 50% correction is more likely.

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Mitiblotch, you are 100% correct by my standards. I wouldn't take short in my green zone...but we always trade our own plan.

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Mitibloch, you can always catch extension in W:5 (EW) and break support/resistance.

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EW principle method....

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minimum target for today has been reached... waiting for more

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no, no, no...you got these target levels from Monday, I go day by day.

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If the levels hold I see one more push to the upside.

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@Kayi, congrats ......absolutely great call.

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I got 14.5 points but left 10 on the table (I trade futures on 233T chart)...Thanks, steFX85 same to you.

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got 14.5 points but 10 left on the table.(I trade futures on 233T chart)

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Of course, we caught the ext. in the W:5 because I set my target @127.2% ....Murphy's law is glued to me.

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Edit: I removed unnecessary levels.

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No steFX85 I am serious, this post of yours in 100 years will be read like Adam Smith's books.

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Kayi, I always think how patterns unfold before I get into or out of the trade..BC leg can unfold in 1-2-3-4-5 or 3-3-5...Now if B is taken out we have a different ball game. I hope you didn't miss @steFX85 post about the structure 3 weekends ago ...

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gettoefl, I guess good lord didn't bless me with enough brain to dissect your chart.....lol

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Kayi, the market hit yesterday's daily range ext. at 1.618% so the ride to the upside for the rest of the day might not be that smooth...but the pattern is still bullish on intraday chart.

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