IMO ... we have a market overreaction. #Greece it's only 1.4% GDP of the European Union. Relax ... but Europe has several other surprises. This is just the beginning.
Current situation: sold-out market and #Greece; patterns - Descending Broadening Wedge /under construction/, Three Falling Peaks /unconfirmed/, Head & Shoulders /under construction/, Shooting Star /unconfirmed/. The basic question is still the same: "How strong is the Goldman Sachs?". thepatternsite.com thepatternsite.com www.investopedia.com www.investopedia.com
Is a period of 216 days enough? Imo ... difference is in the margin of error. Good Luck! thepatternsite.com
Three Peaks and Domed House - formation that constantly amazes me. Its author - George Lindsay - was a stock guru in the 1960s & 1970s - and his works still are valid. 3PDh will work this time? thepatternsite.com www.amazon.com
Two highlights from the past week /after the #FOMC and #BOJ/: www.cnbc.com & www.aaii.com Imo ... individual investors are out of the market, on the indices is playing Goldman Sachs orchestra. How much longer??
Very difficult situation for farmers - opportunity for speculators.
This is the mixed three. Unfinished structures /ED/ have a tendency to come into sideways trend. www.wavetrack.com www.amazon.com
After many months of fight, the markets are ready for a correction. 3-3-3-3-3 formation /Ending Diagonal / on the SPX is almost ready. Bearish Three Falling Peaks may end this structure on the current levels. Who will win this battle? One thing is clear - the market needs correction. www.elliottwave.com thepatternsite.com
The falling wedge is a bullish reversal pattern. He suggests the upcoming correction on the stock markets. The potential head & shoulders will give us more growth. thepatternsite.com
Party is over. USa has a choice - to die in the chaos forever or move on. I am zodiacal bull. ...and everything is clear.
Wolfe Wave - the Elliott Wave for lazy people. Sometimes an extremely effective tool. Around 16400 - we have strong support zone. If the defense will be successful - we go back to the north. Distribution in progress. www.investopedia.com
Actually it is nothing to write. We are waiting for tomorrow's reports. Magazines are full of wheat. Prayer for the severe winter is ... greatly appreciated. thepatternsite.com
No Pasaran! - i.e. "They shall not pass!!!!!!" The upper red line opens for the bulls way to the level 18,000. And then what? Another half year rally. thepatternsite.com en.wikipedia.org
We all know the market phases: accumulation, mark-up, distribution & mark-down. IMO we are in the distribution phase . It will take time. A diamonds are beautiful and unpredictable. thepatternsite.com www.investopedia.com
The last two weeks it was a hard trial for the bulls. On the plus side is that the price stopped at level $378 /88,6 FIB WX/. Whether in this situation, you can be an optimist? Apparently you can. Tim Draper sees Bitcoin a price target of $10,000 in three years. And if this guy is right?. www.coindesk.com www.elliottwave.com
On the one hand - we have the triple top, on the other hand - we are waiting for the end of the impulse and the breakout from consolidation. The market, as usual, will go its own way. thepatternsite.com thepatternsite.com
Elliott Wave Principle is a 'theory' based on a line chart. Sometimes I forget about that. Yellen, Scottish vote, option expiration , $BABA IPO - this week will give us a hard time yet. thepatternsite.com