Elliot Waves setup for next week Chart speaks for itself.
- Small A-B-C correction. - Then some short term upside, before big downside move. ''Press that like button, if you like my post. if you have questions shoot...I'm here to learn... Thanks..
- COULD SEE SOME SHORT TERM UPSIDE, BEFORE FURTHER DOWN TREND...
FXMM continues growth after breaking 1220 resistance. It is building a bullish 5-wave pattern unless it breaks below broken resistance point (dotted red). The bullish momentum can mark the start of the new uptrend that can last for several years and most likely complete wave 5 at 1.618 fib level(1301.09). A bullish breakout above this level could see wave 6,7,8,9...
if anyone is interested in my theory let make a chat i would love if someone see what i see , and i would love if someone help me with my strategy /
Starting with Top Down, I will be practicing market maker models this weekend, until I can see them on Small Time Frames.
Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims...
Crude_oil is forming Elliott's double three correction pattern. One wave (w) has completed and the wave (A) of the other wave (Y) is near finishing. Now wave (B) will start. The price will soon reverse. After some signs of the reversal, this may present good buy opportunity with great risk reward ratio.
Buy into C wave. Buy near 1.13036.
There is an ending diagonal setup. The sharp sell off is expected to the starting of the diagonal. We kept our target at 38.2% of wave (3).
Here we can trade for two targets (1) 100% extension of wave A. (2)161.8% extension of wave A.
The correction is over and new uptrend is started.
Using EW(elliott wave) theory trading system, this is the result I have received. Not that we used elliott wave levels AND candlestick color from Heiken Ashi. Example: Price is bullish and goes to a EW zone. We want to short it there, BUT if there is no 2 bearish candlesticks on the Heiken Ashi chart at that zone...we do NOT enter!!