Replies to post #20869 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

weekend futures said 1.5 pct down
so futures actually came in much worse
but bouncing off lows
dow -570
es -2.5%
nq -3%

and oil +6

[AllTheHype]

Potentially as you can see below from that site, he has the larger degree wave 1 somewhere within touch of the highs, with a smaller degree sub wave ii coming soon (maybe with this pre market drop).

But in EW you have to always be aware of an alternate count (which he has in light blue to revisit the lows). There are always other variations and surprises as well when you look back at counts.

It is best to use EW as a supplemental analysis but never a primary.