Okay so i have to get going now, but i wanted to get this published for you guys, have a look , tell me what you think and I'll come back a little later and explain in the comments. Thanks for checking this out ! follow me for more awesome trades, like and comment if you agree or disagree, and as always Good Trading!
Here i have drawn in a solid elliot wave series in black , the series suggest the the US Dow industrial has reached a height and is due for a corrective series. The analysts have many different opinons , but here is my expectation for the time to come. It is my belief that the market will consolidate some more near the top of wave 5, most likely till September,...
Here i have drawn in two sets of wave patterns , one red and one black, both suggest the market is overbought and it is due for a correction. I have also identified a bearish gartley pattern completed recently near the top of the market. The gartley pattern allowed me to name the red wave pattern as the accurate pattern because the gartley pattern suggests a...
Applying some Dow Theory, I see us currently being inside of a large accumulation phase of a bullish primary trend. There is the possibility of a breakout into another bullish public participation phase if we break $86. However, if we drop below $78.4 I see us entering into a bearish public participation phase.
Not sure about this!!!! but looks nice. DXY is turned already! (oil have correlation with 1/DXY)
Details explained on the chart. Don't take this as trading advice, as it's just my analysis. Feel free to comment.
Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims...
Crude_oil is forming Elliott's double three correction pattern. One wave (w) has completed and the wave (A) of the other wave (Y) is near finishing. Now wave (B) will start. The price will soon reverse. After some signs of the reversal, this may present good buy opportunity with great risk reward ratio.
Buy into C wave. Buy near 1.13036.
There is an ending diagonal setup. The sharp sell off is expected to the starting of the diagonal. We kept our target at 38.2% of wave (3).
Buy one pip above wave 1 forming after wave C. Buy stop order at 10945. You can extend the targets as the wave 3, after wave C, unfolds.
Here we can trade for two targets (1) 100% extension of wave A. (2)161.8% extension of wave A.
The correction is over and new uptrend is started.
Using EW(elliott wave) theory trading system, this is the result I have received. Not that we used elliott wave levels AND candlestick color from Heiken Ashi. Example: Price is bullish and goes to a EW zone. We want to short it there, BUT if there is no 2 bearish candlesticks on the Heiken Ashi chart at that zone...we do NOT enter!!