Topic: Taylor 3-Day Cycle
Author: David D Dube (a.k.a. PTGDavid)
Website: Polaris Trading Group
Prior Session was Cycle Day 2 (CD2): Normal CD2 as price consolidated within the expected range outlined (4005 – 4040) in prior DTS 1-24-23 briefing. Prior range was 42 handles which was below average (58) on 1.431M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Three-Day Cycle Statistic appears safely secured with price trading above Cycle Day 1 Low (3980.25). Current “trend-lean” continues to favor bulls above 4000 Strike. As such, we’ll mark today as a “wild-card with estimated scenarios to consider for today’s trading.
NOTE: Today’s LIS and TGTs are essentially unchanged from the prior session.
Bull Scenario: Price sustains a bid above 4020, initially targets 4035 – 4040 zone.
Bear Scenario: Price sustains an offer below 4020, initially targets 4005 – 4000 zone.
PVA High Edge = 4040 PVA Low Edge = 4022 Prior POC = 4033
*****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