Topic: Taylor 3-Day Cycle
Author: David D Dube (a.k.a. PTGDavid)
Website: Polaris Trading Group
Prior Session was Cycle Day 3 (CD3): Price rallied surpassing prior high-fulfilling cycle objectives, then the decline began closing in the lower quartile of the day’s range. Prior range was 35 handles on 1.227M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Average Decline measures 3969. Normal for CD1 is a decline to find a new secure cycle low. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4000, initially targets 4015 – 4020 zone.
Bear Scenario: Price sustains an offer below 4000, initially targets 3985 – 3980 zone.
PVA High Edge = 4020 PVA Low Edge = 4008 Prior POC = 4012
*****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 1 (CD1)
Thanks for reading,
PTGDavid