Samrhum

Samrhum

If you have been following along then hopefully you took the neutral triangle trade. As you can see the E wave hit target at the price and time window (a nice 25% move). Now that this has played out we can begin to calculate the next buy price for Centrica. The thrust out of a neutral triangle is more 'trendy' than other triangles, but we can anticipate a 0.75 to...

Samrhum

Link appears to be in the final leg up of a flat correction. I am targeting the GZ and my first target and the 1/1 extension as my upper target. This move also has confluence with BTC which appears to be pushing up for its wave 5. Once Link completes the move up we should anticipate the move back down to the range lows. If you are trading Link you will know how...

Samrhum

If you follow me you will know that I have been expecting Centrica to retrace to the Golden Zone. It has finally hit target and I have entered the trade. My trade plan is based on a NeoWave Neutral Triangle. A Neutral Triangle is a five-legged correction where the middle wave C is the longest. To obtain the price target for the E wave you can draw a channel across...

Samrhum

It's been a while since my previous update for Lloyds. If you have been following along you will know that I have been anticipating lower prices. Now that more data is being printed we can begin to suggest possible scenarios. If you are a student of Elliott Wave or Neo Wave you will know that the middle part of a correction is the hardest part to comprehend and...

Samrhum

In a recent post I outlined my expectations for Lloyds and my bias remains. As you can see I am anticipating a combination correction. I have this in mind due to the wave extension which we experienced in early April. Whenever you have such an extended wave like this you should anticipate a complex correction (complexity always precedes or follows a wave...

Samrhum

I've had August marked off as a significant pivot low for a while now and Centrica fits in with this narrative. My current trade plan for Centrica is a GZ play and I'm patiently waiting for the correction to conclude. As you can see I have this as a flat correction and I am waiting for a matching move to bring Centrica down to the 34 pence region. There should be...

Samrhum

One of the most challenging aspects of trading is to be patient and wait for your trade plan to materialise. I've been tracking the above set-up for Barclays since early June and the set-up is beginning to crystallise. I always think ABC before 12345, so with this in mind, I have Barclays putting in a B wave flat before a C wave to match the A wave, which would...

Samrhum

A friend works for Telecom Plus and recently sent me links to a Financial Times and Daily Mail articles. Both articles were promoting the stock as 'one to watch' and a 'great investment opportunity'. My friend informed me that the directors where buying too and that I should consider investing. I decided to investigate. To me it appears that TEP is correcting...

Samrhum

In my last post I wrote about identifying and trading the range and how the patient trader will be rewarded when a range is in play. lloyds has been ranging in corrective mode since the March sell-off and is now approaching the bottom of the range. It appears to have put in a flat as a B wave (with a C wave failure). If so this is telling us that the market is...

Samrhum

Lloyds has provided traders with some excellent set-ups as it remains range bound. These are significant ranges and the patient trader can make excellent returns as the technicals are being respected to the tick. It will interesting to see how the market reacts over the coming weeks because the UKX has faced rejection from the 0.618. Will Lloyds revisit the bottom...