This is my Trading Plan before the next impulse move to the upside.
Expecting a C wave to $8,700 level
WXYXZ Completed, now correctin in a flag pattern, I am taking an agresive setup after ABC Flag correction
I am expecting a wave to the upside after completing the triangle
After an impulse to the downside, NAS100 is making a flat correction and then a impulse to the downside
Flat correction is completed , Now look for sell setups long term more tan 1000 pips potential
I am trading a possible triangle with a leg up to $9,200 zone
We bounce from the blue box and expecting a C leg up
I am buying tight stoploss Short term
Elliot wave is about pattern recognition
Nas100 is ready to melt. Confluence analysis: 1.- Bearish engulfing. 2.- Divergence MACD Histogram. 3.- Price up & Volume down = Bearish 4.- RSI oversold 5.- 5th wave completed Place a Sell Stop a few pips bellow the engulfing candle , stop loss few pips above last high
Two possible scenarios to buy and re join the bullish trend
I am trading the B wave after a triangle correction completed, big RR 6:1
I think we will have one last push to the downside, then accumulation phase to start the bull run until next year.
Create an alert and watch closely SPX if H&S is confirmed would be a good trade.
Wait for one more push to the upside, divergence forming on MACD . Sell at resistance ( Double top) good RR ratio