Topic: Taylor 3-Day Cycle
Author: David D Dube’ (a.k.a. PTGDavid)
Website: Polaris Trading Group
Prior Session was Cycle Day 2 (CD2): Risk-Off selling continued unchallenged during this cycle day, fulfilling lower range violation levels. Prior range was 93 handles on 1.772M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Price is currently below CD1 Low (3987.25). Historical odds favor recovery of this level, although current “risk-off” sentiment is firmly entrenched, so potential is high for a “failed” 3-day cycle. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 3950, initially targets 3965 – 3970 zone.
Bear Scenario: Price sustains an offer below 3950, initially targets 3930 – 3925 zone.
PVA High Edge = 3965 PVA Low Edge = 3925 Prior POC = 3943
*****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