Our initial Elliot move gave 3 wins last week totaling around 300+ pips and 20% account growth.
Going for the next wave in the coming week and looking for entries around the 618 level.
Treating news as a fake-out for sellers and as a continuation pattern. We recovered back to the trend. I anticipate we'll test the low created by the news and then continue upwards.
Long term, I am viewing this entire Elliot cycle as a wave 1.
Going for the next wave in the coming week and looking for entries around the 618 level.
Treating news as a fake-out for sellers and as a continuation pattern. We recovered back to the trend. I anticipate we'll test the low created by the news and then continue upwards.
Long term, I am viewing this entire Elliot cycle as a wave 1.
Comment:
News has pushed price down. I'm expecting us to hold at 1.27600. If not, The larger wave will test lower. New trade idea to come.
I'm aware that a potential pattern is forming on hight timeframes, but I'm viewing the pattern as neutral. (longs or shorts could come out of it.) We'll see what news does for us.