My Algorithm keeps showing me this picture as the most likely up now. An Ending Diagonal Triangle (Type1).Wave 5 in the zone of 14,200.00 topping against the 67% Top Probability Box(which has been already tested on wave 3), targeting down prices to the zone of 13,040.00(Target Shell 13,027.00), that would have 78% Bottom Probability down there.
Can you define what you mean by top and bottom probability?
ElliottWaveStats
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@WhatTheFung, The Math Hope calculated over a juncture(*), means the probability boxes shown on the chart.
(*)Juncture= Support and resistance Analysis + Divergences of the system´s trend indicator+ Candlestick certain signals. All these, translated to Fibonacci numbers.
StevenBrooks
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Solid Analysis! NDX is in need of a nice pullback. Overall, the trend is bullish but I really like your interpretation of a much needed pullback. I will definitely be buying the the 13000 area/zone.
This was my half hearted attempt to draw waves last month.
ElliottWaveStats
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@HeWhoMustNotBeNamed, I agree in your forecast, it macthes with my main.(your wave´s drawing is good by the way).
Trendoscope
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@ElliottWaveStats, Thanks :) I am just starting to learn the ratios and all. Still do not have patience to plot all the points like many do. I was not even sure whether this will make right pattern. Happy to see you posted almost similar analysis.