Zone Traders! How Sweet was this one.. as we predicted in the Mentorship Discord Chat ROKU continues and break up bullish out of the penant - see chart.. we are D/240/60 traders that day and swing trade.. just on example of 20 plus ETF / TIckers we break down and plan nightly for the next days trades.. GET IN THE ZONE! .. Don Fron Show Zones ..
we are in a weekly consolidation - we will either get one more "yellow" - see the 3 wave moves up then drawn out consolidation - OR- "blue arrow" - continuation - to downside and consolidation is over. either is possible - see chart - the green arrow points out where we are on 4h and we can look for sell set up on 4h for one more down or break out and get ready...
Weekly is a corrective uptrend. right now question is whether we are starting then down move for the next impulse down, OR do we have one more move to the top in this Daily structure. I am biased to one more move up to test the top -- so im already in the buy and looking to add (GREEN PROJECTION) - however if we just lag and go sideways over the next week,...
see chart -- sell is my first option.. would need a 60 min consolidation to get in the buy again.
set up forming.. see chart To see more of what we do- find all information on facebook -search for PROWAVE TRADER -- free weekly webinars on youtube.. see the last one from Sunday here.. youtu.be Cheers - Happy Trading!
Easy to see - see chart.. To see more of what we do find all information on facebook - search for PROWAVE TRADER -- free weekly webinars on youtube.. see the last one from today here.. youtu.be
see chart - wave analysis - look to be at bottom of 4h channel, buy the 1h break out back to top and may be time for 4h breakout. Happy Trading.. see you in the weekly webinars! ;)
look for pullback/240 bear flag for sell - EURUSD looks like Running flat possible on daily/240. retest low and daily TL - then will see if it breaks lower or correction for more upside. Happy trading! If you like the charts, you can always join us for free weekly analysis live in youtube.. see link!
D/240/60 -- Daily downtrend - however in territory that correction is likely (see D chart - ellipse) - however we always know the trend can always make another low before the correction. 4h/1h uptrend is meeting the TL and we have a nice consolidation with a lower high in play.. So looks like decision time! -- Break the box below and round number of 90 - looks...
R:R is >4:1 as stop at 886 fib retrace is outside of channel trend so a valid point of stop out.. see chart -- Happy trading ...
We are at the top on the weekly and have JUST broken out on the daily up trend. AAPL likes to reverse and make running flats so one more up is possible, but a nice consolidation here daily would give the sell set up on weekly before another push up after a big correction like shown here..
Could be Running flat for downside on 240 and getting nice sell set up on 60 min!
See chart - technical analysis of consolidation daily after impulse is moving into the buy zone - this is a combination of confluence points, wave analysis and time/duration of consolidation. However, always note that 'entering a buy zone' does not mean 'click a long trade' -- this is an 'area' where I will look for and begin to take buy setups on the lower TFs....
See Chart.. selling this break looks like a good idea.. bigger potential -- see Daily.. will put in comment section..
We may get one more move up. Short term trade buy set up -- take the break out if you know how to trade them. once we break the purple line, I will be looking for sell set ups. Happy Trading!
Building a profitable forex account by wave/elliott wave trading is best accomplished by taking the lower time frame (TF) trades in direction of larger targets available on the bigger TF. This sell set up may not go at all but if it breaks and you get the sell, there is a reason to take it. If it goes back up for one more.. watch it again for possible sell set...