Broken Arrow Still "Young & Foolish". "Until June"' Is Over
This EW count is a bearish argument for the ED Broken Arrow first wave down
This count also support my chart : One More Day But SP Still Looks MISERABLE At The End Of The Day showing a SHS in spe
and the chart: Last Call B4 Broken Arrow. (See links below).
I see the choppy moves are due to remaining bulls still buying the deep. Can't blame them - but playing with fire.
This is a bearish conservative count... meaning that I believe that the SP will make a stop at the 200 sma.
But I can also see a much more violent move down, but SP is in the early stages of the correction/crash so one thing at a time!!
The SP could be making a 3rd wave down to touch 2040 and end up at SHS target around 2000. By then it will first be making the 5th wave low. Many options still on the table... so I stick with this one until price is giving more clues.
On the 4 hour chart ma100& 200 are on the battlefield fighting is out....with ma100 still under ma200
Daily 100MA comes in right now at 2091ish
Daily 200MA comes in right now at 2051ish
(See notations on chart for the epic battle of the 100 & 200 daily SMA.)
T.W.U.C
@BLawrenceM.
Follow me on Twitter for intraday updates and scalp plays..
Music at work:
www.youtube.com/watch?v=YQTg7P9N...
open.spotify.com/tra...cu8HPXzpRCCsObliVBqZ
This count also support my chart : One More Day But SP Still Looks MISERABLE At The End Of The Day showing a SHS in spe
and the chart: Last Call B4 Broken Arrow. (See links below).
I see the choppy moves are due to remaining bulls still buying the deep. Can't blame them - but playing with fire.
This is a bearish conservative count... meaning that I believe that the SP will make a stop at the 200 sma.
But I can also see a much more violent move down, but SP is in the early stages of the correction/crash so one thing at a time!!
The SP could be making a 3rd wave down to touch 2040 and end up at SHS target around 2000. By then it will first be making the 5th wave low. Many options still on the table... so I stick with this one until price is giving more clues.
On the 4 hour chart ma100& 200 are on the battlefield fighting is out....with ma100 still under ma200
Daily 100MA comes in right now at 2091ish
Daily 200MA comes in right now at 2051ish
(See notations on chart for the epic battle of the 100 & 200 daily SMA.)
T.W.U.C
@BLawrenceM.
Follow me on Twitter for intraday updates and scalp plays..
Music at work:
www.youtube.com/watch?v=YQTg7P9N...
open.spotify.com/tra...cu8HPXzpRCCsObliVBqZ
