In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
We need a bit more data but traders can prepare for a short trade. In case of an impulse, we wait for 5 waves up that end with divergence. Keep in mind that we do not necessarily need the 5 waves up, 3 waves in the form of an ABC is also possible.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete and we see an entry for a long trade today.
The ABC pullback we were waiting for is (almost) there. Traders can initiate or prepare a long entry.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. In the 1 hour, the upward structure looks incomplete and we see an entry for a long trade today.
The ABC pullback we were waiting for is almost there. Traders can prepare for a long entry.
In the higher timeframe, we are doing a pullback. Also, the lower timeframe looks bearish. We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
We see entries for both a long trade and short trade today. We wait for more data to see which trades we can enter.
Let's look back at the past trading week and learn from it. What went well? What could be better? This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
The DOW looks bullish and might be preparing for a Wave 3 to the upside. However, the minimum requirements for a Wave 2 to the downside were not fulfilled. As long as we do not take out the Wave 1 high, it could be that we still make a new low as a Wave 2.
The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe.
The pullback in the higher timeframe might have started. We discuss two scenarios that can play out. A shallow pullback as a wave (4) or the start of a deeper pullback as a wave (2). Investors better wait for more downside before buying again. Traders should wait for more data and analyze the lower timeframe.
We have to wait for the next ABC pullback. When we have a clear ABC, we can go long again.
In the higher timeframe, we are probably doing a pullback. Also, the lower timeframe looks bearish. For today, we do not see a trade. Traders should wait for the next ABC up and then initiate a short.
We discuss two scenarios that could play out today. Traders should be long already and protect their trade. Today there might be an opportunity to enter a new long trade. However, traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete so we expect a bit more upside.