The euro appears to be coming to the end of minute wave 3. It looks like minuette wave 4 developed as a barrier triangle which we have recently broken out of, entering minuette wave 5. Wave 5 after a barrier triangle is usually either an extremely short wave or an extremely long wave. However, the euro is currently near all times lows in nearly every major...
With today's new low, the wave count I worked on yesterday can no longer be valid. It appears that wave 3 has started, and the upward push we have experienced most of the day is either micro wave 2 or submicro wave 2 up, although I believe the submicro wave 2 count is more likely. We are also now below both the daily and hourly Ichimoku cloud . The S&P 500...
It appears that micro wave 4 developed as a zigzag and has bounced off Ichimoku’s leading span B. We should now begin micro wave 5 up. If prices decline below 3837.87, micro wave 4 is still in effect. Under this scenario, prices shouldn’t decline below Ichimoku’s leading span A before beginning micro wave 5 up.
Trading is a game of risk and reward. One's ability to trade successfully ultimately depends on one's ability to manage reward in terms of risk. An R-multiple distribution is a mathematical representation of reward in terms of risk that we can use to objectively examine trading performance and develop more optimal risk management practices. When entering a trade,...
As mentioned on Saturday, we should still need a small rise in the S&P 500 before prices begin a violent decline. It appears that we are currently in micro wave 4 of subminuette wave C. Prices shouldn't decline lower than Ichimoku's hourly leading span A before beginning micro wave 5 up.
The S&P 500 appears to be approaching wave 3 at multiple degrees of trend. Once it finishes completing minuette wave C of a zigzag, it should begin wave 3 at the minor, minute, and minuette degrees. This is happening near the Ichimoku cloud's leading span A resistance. If we look at the S&P 500's seasonal patterns over the past 72 years, we also find that buying...