dc2000
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This is what I don't get about Taylor. Tuesday was a buy day. Yesterday was a Z day. So today should either be another Z day if we are on a 5 day cycle, or it should be a sell short day if we are on a 4.
If it's a Z, then it should be a low first. If it's an SS, then we should get a high first to sell into. But from my observations this looks like a one way day up to me. Which means we get a slow slog upwards with small candles and a slightly higher high every 20 to 30 minutes or so, with pullbacks usually not much greater than to the 10 EMA on the 5 min chart.
I may be early with my assumptions and the high has been made for the sell short to begin, but I really don't understand how to apply Taylor. I try to be simplistic about it and expect it to happen on demand. Let's see what the next hour gives us.
an SS day can take the form of a slow rise into lunch then fall in the afternoon
the ftse needs to print a price 5491 to complete the three day pattern the DOW on the otherhand 12190 ish, I will also take these prices
The FTSE is on a standard three the DOW isnt quite the opposite the dow needs to print 11952 by tomorrow morning