DJI indicting its in a bearish a-b-c- correction higher. Adjusted this count to be similar. Dovetails with FED goal to inject as much Volatility into the market as possible, increasing LABOR supply and reducing wages (the only mechanism the FED has left to reduce inflation ) Accept for a Recession which now can conveniently be blamed on Putin, with a US/...
With the ascending structure on the VIX retesting the daily Trendline. The VIX is at a critical technical point. Lower then the RED O it will cause a cascading reaction driving the VIX lower. Higher than the RED X, the VIX will be forced higher.
See the chart for the next TARGET, and trade your plan.
See the chart. Very strong move lower today. Wait for price conformation.
Which one ? ... I don't know. But my general feeling is we are nearing a turn.
Likely to have one more dip lower to complete wave-2. SEE chart for more explanations. 3/21/22 is the spring equinox as well as a major put option expiration date for the dealers/ banks
It appears with this count EURUSD is AT or close to turning around toward the upside. Most likely one leg lower to the downside then up to complete Supercycle X-WAVE triangle
This is Purely for the Elliott enthusiast, feedback welcome: Personally I wouldn't mind if the world CRASHES, but that is NOT what I am seeing: I would rather make money. I SEE: Inflation priced in, FED rate hike priced in, WAR priced in, Russian sanctions priced in . Did forget anything? . Baring another catastrophe I see market beginning to turn. I don't...
So far its all been about the 2,750 level, and so far solid support has not yet materialized (although close) Will add to long positions after this support structure has been proven. Meanwhile we have been involved with some small/test Short positions. see recent posts. Typically these are kept private for my use only as a journal, but this weekend decided...
NO trade setup here YET, The past couple hours Look corrective so preparing for a SHORT. But no Entry Yet. IF Support on the 2,750 is Confirm will switch to LONG
I am taking aa few small intra-day short position as part of a follow-up to a small LONG position which was stopped out. Overall Still LONG on ETHUSD
Based on Elliott wave principles, looking to add to Long position. Short/ Medium term LONG.
Possible Pullback/ short IDEA for EURUSD. Upward a-b-c- wave move appears to be corrective Divergence on indicators. Monitor closely at lower time frames. Invalidated if new high is reached. To trade please WAIT patiently for conformation / break out / resistance from the bottom trendline.
LONG in the short-term. Let see if BTCUSD can pull a C-wave like LCID did today, (which has a similar corrective count). We have been working with this X-Y_Z (3-3-3) flat correction bearish count for a while. Trade you plan, do not change your plan or idea based on this chart. Be very careful and do not leverage
First have a plan, have a journal then trade it. Don't change your plan because of what you see on this chart .... everyone's plan is different Trade management is were you make your money even a mistaken trade idea managed correctly breaks even.
First have a plan, have a journal then trade it. Don't change your plan because of what you see on this chart .... everyone's plan is different Trade management is were you make your money even a mistaken trade idea managed correctly breaks even.
This is my risk management thoughts they may or may not work for you. not financial advice
This is an example of an Elliott price conformation pattern. Not always this detailed, but this is a good general check list. Not sure this particular set-up will develop but monitoring its progress