No positions at the moment, tactical shorts with precise entries preferred!
There are 2 parallel line/CHANNELS. 1) RED line & Light GREEN line . (SOLID) 2) ORANGE line & Deep GREEN line. (DOTTED) NASDAQ broke the number 1 CHANNEL even though it made a all time high. In next few days/weeks It will break the 2nd dotted CHANNEL. Which may or may not create a new high but people will thinks it's a buy time. Honestly it's proving that...
Five-Wave Impulse Trend: 5 Distinct Sections Bull trend :Higher highs and higher lows Section Highs and Lows do not overlap .......................................................................................................................................................... Five Wave Trend Rules: 1. Wave 2 cannot exceed the beginning of Wave 1. 2. Wave 4...