About meMedical Doctor
Faithful Believer & Stoic
I am here in the image of a trader with training in Elliott Wave Theory &TA.
All opinions are my own. Nothing I say on this platform or any other is financial advice.
It appears we pivoted. Bullish signals rang sounding clear. 1-2 pattern post pivot, beginning of Wave 3. Therefore, Fibonacci Goals in green, invalidation in red. Good luck - this is not financial advice.
Technically, appearing to be more at the end of the roll here, but that's ok. I don't recommend you trade fifth waves, because of it's many morphologies, and therefore a certain unpredictable nature. I believe the FibGoals, extentions of the third wave, to be those in green. There are three of them, and just because there are three, does not mean all need to be...
It's back to FOREX and we are still in a deep (complex) correction on this pair. RSI is showing dropping momentum, and I have Identified multiple ABC fractals on a longer timescale. I think we might be at the end of the current sub B or at pivot of SubB/C. Anyway, we are going down. Goals in green, invalidation in red. This is not financial advice.
We have relatively recently crossed the resistance (dotted blue) and have confirmed a pivot. We are going up on this one most surely. I am refraining from drawing target, as it's currently not too clear, but soon will be. As always,don't be stupid, this is not financial advice.
Indeed. Continuing with the Crypto reviews, I can remark in multiple fractal pattern started and confirmed pivot in blue dashed line. We have it folks, this one is going up (and it looks like by a lot). As always, target in green, invalidation in red. Let's roll. Don't be stupid, this is not financial advice.
Earlier suspicions of this pair rising have not proven to be fruitful, and we are infact continuing our drop with this pair. RSI Momentum is dropping and we have somewhat of a price drop as well. Fib goals are at 1.362, 1.359 and then at 1.357. Invalidation seems a far way away. Not financial advice.
So seeing the SPX momentarily lose its shit today with that drop made me blurt quite audibly, "Just what the hell is going on here?" So I brought up VIX and lo and behold we were impulsing. The good news is that this impulse *appears* to be over and should subside in due course. It is actually good to be bearish in VIX, because the implies slow (usually) rallies...
I can't look at a whole bunch of pharma stocks and just skip JnJ. For the uninitiated, this is the largest Pharmaceutical company in the world (by far) and a major, major player in the world of medical devices and OTC consumables as well. Anyway, down we go, and, not financial advice.
Beginning to sound like a broken record. I am enjoying seeing how the patterns more or less repeats itself within a major industry sector. Like the currencies against USD are doing a similar thing, so do major pharma stocks. Anyway, Fib goals traced, not financial advice.