shevectorie

shevectorie

good time to short

shevectorie

Wave C incoming. Wait for breakdown from trend line of course.

shevectorie

Just a theory. Not gonna be surprised if it drops 500 pips more but needs more investigation. An ending diagonal is wave 4 and 5 merged as a running flat and 1 strong impulse accompanied by what looks like a crash.

shevectorie

Short after breakdown from trend line.

shevectorie

Looks like no impulse is found. For me it looks like there will be a leg C to the down side. Will the King replace her? ;-) Stay tuned.

shevectorie

Beginners using Elliott wave are welcome to trade this. Price action is not so bad. Stick to the sched or get burnt. This trade hit TP1 Still, nothing is guaranteed although I'm confident with this analysis as I took account of horizontal and diagonal resistance this time. My old analysis strictly used fib projections and not S/R lines and trend lines. I...

shevectorie

No one should take my forecast seriously because price action may invalidate it. This is just a guide. Nothing's guaranteed.

shevectorie

You didn't think I'd blindly go in and buy at any price with my long term forecast, did you? This is a peek at my notes and if I say something scary and commanding I'm talking to myself and not you. Don't trade it if you can't understand Elliott waves and don't have a clue on how to confirm price action. This is the part where I try my best to make sure you...

shevectorie

I think the market has finally shown substantial clues on where it's going. My dog can trade better than me when it comes to short term entries (check my trade history). I entered early and got stopped out but I think I am pretty determined now that the WEEKLY chart candles have broken out of the trend line and made a double bottom. Overall even though I got...

shevectorie

Seems like it made a broken flat which is highly bullish in my opinion. Because of the nature of the correction, I opted to enter @market.

shevectorie

Aggressive trade.

shevectorie

there's an impulse to the upside and what looks like a correction. Hoping for a big wave C.

shevectorie

There are also 2 impulses within the B wave. Hoping to target a %161 projection of the 1st lower impulse.

shevectorie

I already analyzed the higher TF (4H) with a completed zigzag abc pattern retracing roughly 100% of wave 1. 100% retracement is still a valid wave 1 as long as it doesn't go past its beginning. Heres 15min TF: 4H TF

shevectorie

A complete impulse plus retracement is seen on 15 min chart as wave 1 and 2. Hoping that the price continues to the top of the channel.

shevectorie

Did wave 1 and wave 2 just end? Looks simple and strong. If you check the 15 min or 5 minute TF you can see that there's already a bullish impulse to cushion the temporary influx of sellers which makes up wave 2. I guarantee nothing as I could be wrong but this trade is OK for beginners as it's based on a breakout. I am already in the trade. Went LONG at...

shevectorie

We have a 3 wave A and a 3 wave B = expanded flat We are trading a possible wave C with 5 waves.

shevectorie

Also check out this count from TradingEW