Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Thanks for the vid!
One notice: on the weekly timeframe the trend is down. And I know that you prefer Elliot waves, but maybe would be interesting to check Bollinger band for this partgicular case: definatly this weeks candle is totally below the MA of the BB (20, close, 2). In the history so far almost all the time the weekly candles should touch/exit the lower bollinger border (except 2011 nov) to change the trend. I know that this sounds to very technical, but from this point of view seems very possible to reach 12000.
windyspur
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Thank you Rob for putting things into perspective. % rates and liquidity are so important.
I recommend the video to all as it will save you a lot of money. ( I am struggling with getting my Excel to work )
Read a lot, be open minded and persistence/Patience. its all about probabilities/analysis.
One notice: on the weekly timeframe the trend is down. And I know that you prefer Elliot waves, but maybe would be interesting to check Bollinger band for this partgicular case: definatly this weeks candle is totally below the MA of the BB (20, close, 2). In the history so far almost all the time the weekly candles should touch/exit the lower bollinger border (except 2011 nov) to change the trend. I know that this sounds to very technical, but from this point of view seems very possible to reach 12000.