This will be a showcase of how to use high level Elliott Wave Analysis to beat the market, I will exclusively follow the US30 and post daily updates, forecasts, and analysis. If you have ever heard of Elliott Wave but did not know how to apply it. This will be a great follow along series to show how Elliott Wave counts transform, and how you need to flow with the market not oppose it. Starting out I will share my Primary or long term perspective on the US30 asset.
Left side count: Coming off the december correction we can observe a clean impulse up followed by a classic Zig Zag correction. From that point until now we have been bullish, the question is will we break the all time high with high volatility such as a 1,2 1,2 type impulse pattern before we see a deeper correction? Or will the all time high act as a layer of resistance in the eyes of the sheep and produce a deeper correction. All we can do is observe which count has the best reaction to our given criteria and position ourselves where ever the market decides to go.
Right side count: This count is quite advanced, given the political culture changing worldwide alongside the volatility of this bull market could end up producing a very large triangle that possibly could be a wave 4 of a higher degree. This is my alternate count, (the one i do not prefer). It is essential you challenge your own skills and way of thinking to produce alternate scenarios that very may play out. This is the advantage of Elliott Wave compared to other styles of trading, the flexibility of the count allows you to see all the possible scenarios and based on the markets reaction to the key determination zones we can always position ourselves with the market flow, not against it.
I will be updating this primary count monthly here and the sub primary count will be updated weekly before market open. The daily updates will be from lower time frames with day trading setups. Hope everyone enjoys the showcase of how to use one of the most complicated trading systems known to man.
Left side count: Coming off the december correction we can observe a clean impulse up followed by a classic Zig Zag correction. From that point until now we have been bullish, the question is will we break the all time high with high volatility such as a 1,2 1,2 type impulse pattern before we see a deeper correction? Or will the all time high act as a layer of resistance in the eyes of the sheep and produce a deeper correction. All we can do is observe which count has the best reaction to our given criteria and position ourselves where ever the market decides to go.
Right side count: This count is quite advanced, given the political culture changing worldwide alongside the volatility of this bull market could end up producing a very large triangle that possibly could be a wave 4 of a higher degree. This is my alternate count, (the one i do not prefer). It is essential you challenge your own skills and way of thinking to produce alternate scenarios that very may play out. This is the advantage of Elliott Wave compared to other styles of trading, the flexibility of the count allows you to see all the possible scenarios and based on the markets reaction to the key determination zones we can always position ourselves with the market flow, not against it.
I will be updating this primary count monthly here and the sub primary count will be updated weekly before market open. The daily updates will be from lower time frames with day trading setups. Hope everyone enjoys the showcase of how to use one of the most complicated trading systems known to man.