Hi everyone,
I am currently using this count, assuming that ITD 11 / MTD 1 / LTD 15 has already arrived. This count will be invalid if in the next three days, the top at 1.64991 is broken.
If 1.64991 is broken in the next three days, that would be a little too late for ITD 11 to arrive, and therefore if this happens, I would use the ITD 11 inversion count (look at my prior post for ITD 11 inversion scenario). In the event that ITD 11 inverts, we will have Intermediate Term Up until June 11.
But as of now, attached is the count that I favor. There is no inversion in my favored count, and in our case, Intermediate Term trend is down to ITD 1 due around June 11. Please note from the chart where LTD 16 could arrive. I leave some extra space to the right of the chart so you can see where LTD 16 could arrive. Due to the strong rally and better fundamentals, I won't be surprised if LTD 16 arrives in mid July (although it could arrive up to third week of August).
10 comments:
Hey C,
So, assuming the above scenario and that SLTD 2 arrived with LTD 14, which delta point is the one that should take out MTD 1?
Jay
Hey C,
Me again. Looking at the position of SLTD 2 on the chart above, and given the fact that it came in early on in it's expectancy, does that increase the likelihood that SLTD 3 arrives in a similar position (i.e. sometime in August)?
hi... I attached ema100 on weekly chart, looks like CS may reach it asap. Please confirm Mr. C.
Hi Jay,
For your first question, I am actually not sure what your question is. Could you explain me more which MTD 1 do you have in mind. Future MTD 1 or past MTD 1?
For your second question, SLTD 3 time zone is far ahead in the month of November or so. It can not arrive in August. What arrives around August is LTD 16.
Hi moneyads4u,
I can not see your ema 100 on weekly chart that you mention.
Hey C,
Sorry for the ambiguity. I was refering to current MTD 1 (the one that possibly arrived today).
Hi Jay,
I think there's a probability for LTD 16 to arrive early at MTD 2. So as you can see in yesterday's Delta chart (look at the extra space to the right), MTD 2 time range is around mid July to third week of July.
Once LTD 16 is IN with MTD 2, we would have another upmove which would break MTD 1 / LTD 15 high.
Alternatively, LTD 16 could arrive later with MTD 4.
So, if ITD 11 / MTD 1 / LTD 15 did arrive today, then MTD 1 should stay intact at least until mid-July?
Yes, that's correct.
I think chances are ITD 11 did arrive today. However, even if ITD 11 did arrive today, unfortunately we still have two possible alternative scenarios for MTD 1 / LTD 15 that I mentioned before:
1. ITD 11 could invert, and then move up to ITD 1 as a high. ITD 1 is due on June 11.
2. With no inversion, MTD 1 / LTD 15 could be due at ITD 2 high instead. So in this case, we move down to ITD 1 due around June 11, and then move up again to ITD 2 due around June 22 which is higher than ITD 11 today. And this ITD 2 would have to be MTD 1 / LTD 15.
But due to the Dollar Index reaching 61.8% fib support, I am leaning towards LTD 15 arriving together with ITD 11 today.
Thanks C.
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