porden

porden Updated 

I think theres a chance that the fifth wave is over given the we are at the bottom of the pitchfork and there is divergence in 15 min time frame , so i think of aiming the fifth wave, at the top of the pitchfork

porden Updated 

its a good r;r , based on pitchform and elliot

porden Updated 

So I think we have now completed the waves 1 2 3 4, and should now expect the fifth wave before a correction. I have adjusted the beginning point of pitchfork to the current position based on adjusting to see which levels create a pitchfork that market has respected so far. this is a new approach which might be just what i'm missing. while in my view it should be...

porden

GOOG is one of my favorite stocks to analyse, as it is always tends to follow some sort of logic

porden

i think we have now completed an abcds which would complete the b wave. we can now aim for the wave c. draw pitch form based on a and b, and not a and (a)

porden Updated 

I think aiming for c is a possible scenario which is worth pursuing based on: Elliot wave completion of C Fib retracement of 618, given that market has respected 0.5 so far however, this would mean that the market has not respected the pitchfork boundaries during the C move, which makes me wonder if we have actually completed the retracement and now trying to...

porden Updated 

we are at the top of the pitchfork, i think theres a good chance foe aiming for wave 4 to happen now. id be more confident in this trade if there were diversions present. well see

porden

i think theres a good probability that wave 3 has not finished its course yet and theres more gains to come. though thats my thinking im not sure about entering a trad cauese lack of a clear setup, sl

porden

i think this is the path we are on in gold, lots of sideways to come in the near future

porden

not the best rr don't take this trade, just posting to see what happens later

porden

i think this is the count, setting up a long opportunity

porden

i see no divergence and i think theres a good chance this impulse wave is not over yet. watching for signs of divergence

porden

i think the five wave structure is over. there seems to be Rsi and macd divergence supporting this theory. targeting 0.382 seems to provide a reasonable r;r

porden

I think this is the count at the moment. there are no RSI divergence either so we are good at being at subwave 3.

porden Updated 

my count at the moment. not sure that we should enter a trade right now or should wait a bit more for confirmation of a reversal. probably the later

02:45

porden Updated 

my thoughts on how I changed my count

porden

I think its the way to complete the fifth wave before retracement

porden

so my trade ended up being stopped out which made me analyze my count again. looking at it now it seems that the five waves are already over, and the dorm in the macd seems to support this count as well. if that's the case we have completed the a and b waves of the correction and we can expect a c wave to the target shown