Topic: Taylor 3-Day Cycle
Author: David D Dube’ (a.k.a. PTGDavid)
Website: Polaris Trading Group
Prior Session was Cycle Day 2 (CD2): This cycle day had early morning drama related to House Speaker Pelosi’s visit to Taiwan. In the end, it was a “nothing-burger”, but lots of sabre-rattling. Regarding trading, the end result was a normal wide-range CD2 balancing day. Prior range was 62 handles on 1.842M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): As if this writing, price is below CD1 Low (4097), though odds favor trading above this level during the session today, fulfilling the Three-Day Cycle Statistic. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4097, initially targets 4115 – 4120 zone.
Bear Scenario: Price sustains an offer below 4097, initially targets 4072 – 4062 zone.
PVA High Edge = 4115 PVA Low Edge = 4092 Prior POC = 4094
*****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,