hello all,
I decided to post this chart to get some feedback on my Elliot wave technique. I've been looking at wave theory and guidelines, but I'm trading alone and don't get much feedback. In this chart, I see a triple top developing and a contracting triangle. If you see some changes or improvements that I can make to my charting and have time, please send me a revised version with some suggested changes. My outlook continues to be bearish and I believe that there is far more downside risk than upside potential. However, I would consider positive developments in trade negotiations along with the fed continuing to meet market expectations as opportunities for the market to retest highs. Of course, we can't discount a fantastic earning season but we must consider that we are already working with lowered expectations.
Thank you all for your feedback,
Andrea Grey
I decided to post this chart to get some feedback on my Elliot wave technique. I've been looking at wave theory and guidelines, but I'm trading alone and don't get much feedback. In this chart, I see a triple top developing and a contracting triangle. If you see some changes or improvements that I can make to my charting and have time, please send me a revised version with some suggested changes. My outlook continues to be bearish and I believe that there is far more downside risk than upside potential. However, I would consider positive developments in trade negotiations along with the fed continuing to meet market expectations as opportunities for the market to retest highs. Of course, we can't discount a fantastic earning season but we must consider that we are already working with lowered expectations.
Thank you all for your feedback,
Andrea Grey