Gleno: yes they are there. On monthly I use sometimes EMA (55). It is now at 1150.86, while the price action gyrates around it. Definitely not my kind of Friday to trade…Let them decide WTFTA Doing!
Gleno, here is a Bullish Gartley, which I posted before. One can notice that the down-trend was counted as a corrective ABC in which B is also corrective and A = C. This figure is in agreement with the bullish view (I.e. 12345 UP). Thus, the ABC down-trend is actually wave 4 of the previously presented bigger picture. The 100% extension, from the bottom of the formation, takes us to 1165.98. If we round up your 34MA target and this on, we could say that we go to 1166 - 1169. These numbers are close enough and I like them. The question is : will Da Boyz agree with us?
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