Topic: Taylor 3-Day Cycle
Author: David D Dube’ (a.k.a. PTGDavid)
Website: Polaris Trading Group
Prior Session was Cycle Day 1 (CD1): Price did produce a decline during the RTH Session, finding support at our stated LIS (4044), then rallying into the closing bell. Prior range was 91 handles on 1.663M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Three-Fourths of this Cycle’s Rally is in place as bulls have the momentum to fulfill the upside objective (4120). Pullbacks are anticipated to elicit a buy response with current momentum favoring longs. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4090, initially targets 4110 – 4120 zone.
Bear Scenario: Price sustains an offer below 4090, initially targets 4070 – 4060 zone.
PVA High Edge = 4082 PVA Low Edge = 4062 Prior POC = 4050
*****The 3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
For more detailed information for both bullish and bearish projected targets, please visit: PTG 3 Day Cycle and/or reference the Cycle Spreadsheet below:
Link to access full Cycle Spreadsheet > > Cycle Day 3 (CD3)
Thanks for reading,
PTGDavid