Replies to post #34451 on The TradingEdge

[jxyzobrien]

Long wave 4
More chop tomorrow.

Some event will cause a gap up after building value in a tight
range.

Wondering if we don't have a small selloff first then rally. Market
profile says sometimes the market must selloff first before a rally.

EW shows this as a sideways wave 4 building cause to rally.
So down to bottom of horizontal channel then rally.

This satisfies EW and market profile. Been watching 2-3 hours daily of
market profile starting to get it. It really helps to combine multiple
forms of technical analysis.