wolffarchitecture

wolffarchitecture Updated 

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.

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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

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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.

wolffarchitecture

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.

wolffarchitecture

This is my risk management thoughts they may or may not work for you. not financial advice

wolffarchitecture Updated 

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

wolffarchitecture Updated 

Indices and Microsoft appear to be in a corrective triangle/ ending diagonal correction pattern. Microsoft is one of my favorite stocks, will be short moving down, looking to transition into a long position at one of the designated levels. See Chart. This is my personal plan and it may not work for you and your risk management style. Recommend you create your...

wolffarchitecture

Wave-4 triangle patterns are notoriously difficult to risk manage, and you often get it wrong. I did a little more work on an alternate count. This chart shows a 3-3-3-3-3 triangle.

wolffarchitecture

Wave-4 triangle patterns are notoriously difficult to risk manage, and you often get it wrong and I hold several different counts. I did a little more work on an alternate count. This chart shows a 3-3-3-3-3 triangle which is a bit more bullish that the 5-3-5-3-5 triangle pattern on previous posts. The problem is the NAS100 and the SPX500 look slightly different.

wolffarchitecture Updated 

Todays rally up to the level was expected (see previous post) Now looking short after conformation set-up, and plan to continue Short. changing to long position at one of the arrows shown on the Chart.\ This is my personal trading/ risk management plan, all trade need conformation before execution This may not work with your style of risk management. Trade your own plan.

wolffarchitecture Updated 

Tomorrow and Wednesday may have a small rally up..., then looking for short setups. Bullish count seems unlikely

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Looks like yesterdays Elliott W-X-Y deeper Wave-4 correction may not be the case and we are in a Wave-4 triangle pattern. Sad that the future shorts we were looking for may not occur, nut e will see how things mature. This is my trading plan, not financial advice. Create your own plan and trade your plan.

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IMHO a Wave -2 pullback is likely in the next 1-4 trading sessions, after reaching support we should continue much higher into a wave-3. Alternatively (as we can see 5 impulse waves have completed) technically this set of waves could constitute a wave-5 of the next degree higher and a deeper correction could develop. While we do not think this alternative will...

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Holing all long positions, but IMHO we may see another test of 15,000 before this is through ... and then up from there. Very bullish market. Market managers decided to move the market up but Its just hard to image 15,000 being dismissed so easily, and there are gaps down there to fill. In a bullish market expect Tuesdays and Wednesday to be mixed with Thursdays...

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Markets seems bullish/weak at the moment. Market makers holding price up until option expire today...then who knows ?? IF market returns bearish this is the Setup I will be looking for.

wolffarchitecture

15 m time frame diamond reversal possible. Do your own dill, get a plan and trade your plan, and don;t trade to much.

wolffarchitecture Updated 

If you're curious, as you can see on the chart above: A Fibonacci Retracement sequence starting from #4865 hits every single MAJOR arrival/resistance/turned to support LEVEL, down to the bottom of the Covid drop. Its kind of SPooKY, Fibonacci reappears over and over again, and you need to see it to believe it. So apparently in the future #4865 might be an...

wolffarchitecture Updated 

Long-term support Trendline was breached & re-tested. We are currently managing several Long-trades we bought at the first drop-leg down...always buy Wave-A down and manage it with stops. A NEW lower low may / or may not happen, I would guess the probability of a NEW-LOW may be abut 60% to 40% it goes up from here. Wave-4 corrections can be messy so we could...