sgsummers

sgsummers

Expanding flag failing to major trend lines. Love these setups. Best entry is near the 78-88% or after you see a W/double bottom pattern or inverse head and shoulders near previous support. Also a head and shoulders up top, head to neck measurement looks complete. Another reason to look for the long reversal. Sometimes these patterns will break the previous low...

sgsummers Updated 

This is another easy and straight forward setup. This appears to be an Elliot wave 5 wave fractal pattern. It seems to me that we are probably in wave 4, though I do not think wave is finished yet. Wave 4 likes to finish near the top of wave 1. We should be in the ABC/complex correction of the minor waves. We are in a small uptrend that is actually a bear flag in...

sgsummers

This is a pretty easy setup with a good risk to reward. It seems we have a 5 wave Elliot wave pattern. With these patterns it is very common to see wave 4 to retrace to the top of wave 1. We have 3 major trend lines running with the bull trend. We have a broken counter trend line and a deep retest of this counter trend line to the next trend line down.We have what...