Moving fast tonight, Waves are catching up to the stock. Wave one and two are in place. ( first retrace seems complete ) and RSI has moved above its average on the hourly chart with MACD about to make its positive cross.
I've been watching your posts and TA for quite some time.
Do you do work on any of the longer time frames i.e daily / weekly ?
I'm personally into fib studies, volume strength analysis at S/D areas with respect to multiple time frames.
(I seem to have a some kind of learning block with my EW counts)
Would be interested in your "mid term" view i.e over the next quarter?
Any feeling about Gann / Delta wave counts?
Jimmy, EW seems to always have 2 or 3 valid counts. I still like it, but mostly I study Gann. Yes I have long term charts, but the short term stuff needs to play out first to validate the longer ones. One hint that seems valid . . . 29.17 was either 3/8 or 4/8 of the first move up for SLW pointing to 47.60 or 40.38 as the first wave top, will be researching the idea. I don't study Delta waves. next Quarter ? . . . 34.00 / 34.25 comes to mind. But EW is great to describe where price is and often works on short term trades.