Topic: Taylor 3 Day Cycle
Author: David D Dube’ (a.k.a. PTGDavid)
Website: https://polaristradinggroup.com/
Prior Session was Cycle Day 1 (CD1): Normal Cycle Day 1 as price declined establishing a low at 3891.50. Prior range was 52 handles on 1.477M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Rally which began during the prior session has plenty of room to continue higher, though normal for CD2 would be for some back n fill consolidation to make sure any left-over sellers are absorbed before rally continuation can unfold. Market may also be on “hold” as well with the all import CPI print scheduled for Thursday pre-open. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 3935, initially targets 3955 – 3960 zone.
Bear Scenario: Price sustains an offer below 3935, initially targets 3920 – 3915 zone.
PVA High Edge = 3930 PVA Low Edge = 3905 Prior POC = 3920
*****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 2 (CD2)
Thanks for reading,
PTGDavid
