Get started

Rty1

Let's learn about flats.good evening, in preparation for my next few bear posts, i'd like to talk about the three different types of flats in the markets. the main reason why i'm bringing this up right now, is because the USA Indexes are displaying all three of these patterns currently, so it's important to familiarize yourself with these fractals, for future references. feel free to share this with your peoples if you find it helpful. --- regular flats : • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B terminates near the start of wave A • Wave C generally terminates slightly beyond the end of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 90% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave AB --- expanded flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A • Wave C ends substantially beyond the ending level of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 123.6% – 161.8% of wave AB --- running flats • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat • Wave C fails travel the full distance, falling short of the level where wave A ended • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 123.6% of wave A • Wave C = 61.8% – 100% of wave AB --- -- full credit to elliottwaveforecast for all of these guidelines
CME_MINI:NQ1!
by notoriousbids
RTY UpdateWound up being a 4 day short squeeze after all, like I said last week, I changed my focus to bankrupt companies and snagged W puts this morning. Closed out my winners and losers (from last week) and put the profits into W puts at a lower strike. Just some light trading in this weird market. I think we could get a bounce here because ES and RTY MFI are oversold. Yields are exploding again and FDAX looks bearish so we may get a gap down tomorrow anyways. TSLA earnings tonight. Focus should be on bankrupt companies, not gonna play the bigger companies.
CME_MINI:RTY1!
by hungry_hippo
RTY1! - Weekly Market Update, 10/17The indices had a rather wild week, the technicals are approaching being oversold. A bounce from here would not be unexpected as there is some consolidation occurring as price is currently hovering around the June low's area. I'd like to see the market cycle back to an area of being overbought and finding a low risk confirmed area to short from. At this time I'm looking for thing's to setup again for a desirable entry. I've adjusted support and resistance structures accordingly.
CME_MINI:RTY1!
by SpecialeAnalysis