Emotional Market Cycle
Updated
ZCL and the emotional market cycle. The resemblance to the classical pattern of boom and bust is uncanny. http://wallstreetjackass.typepad.com/.a/6a00d8341c7ae753ef01348518e964970c-pi
The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. https://www.babypips.com/learn/forex/summer-school#elliott-wave-theory
The bust culminates in a 3 wave correction down to the vicinity of where it all started.
If you can identify these patterns in the markets and learn how to trade them, your future is going to be golden. Never stop learning and most importantly: do not blow up your account! You will makes mistakes along the way, so make sure you can make enough mistakes to master the game. Mistakes are essential, because that is your only way to learn.
The boom manifests itself in 5 wave impulse move. Checkout Elliot Wave Theory. https://www.babypips.com/learn/forex/summer-school#elliott-wave-theory
The bust culminates in a 3 wave correction down to the vicinity of where it all started.
If you can identify these patterns in the markets and learn how to trade them, your future is going to be golden. Never stop learning and most importantly: do not blow up your account! You will makes mistakes along the way, so make sure you can make enough mistakes to master the game. Mistakes are essential, because that is your only way to learn.
Note
Goddamnit, I wish I would trade my own ideas from time to time ;)
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