masud786

masud786

Just wait for the breakout and enter.

masud786

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!!

masud786

BREAKOUT

masud786

Minor bearish retrace. Read the notes.

masud786

-Price is at a major supdem zone for the second time, so that makes is risky. -Major bearish candlestick, so that's another risk. -Price is at 61.8% fib, so that's good.

masud786

-Fibonacc 50% -MA cross -Bounce off Support.

masud786

notice that we are NOT using candlesticks, but rather Heiken Ashi. Heiken Ashi is very similar to the regular japanese candlesticks, but it fills in the gabs that are missing with the movement. ie if it was a bearish gap, there will be a bearish candlestick. This makes it MUCH easier to visually look at charts, as well as predict reversal candlestick patterns...

masud786

As i have labeled in the chart, AAPL has broken out of its triangle formation and is pushing higher to the next SupDem level. It's important to note that this is a MINOR supdem level and that it has already been tested once already on 2013-12-05, so the chance of it bouncing off that zone AFTER breaking out of a triangle pattern is very slim. I am predicting...

masud786

Market direction and past possible trades with Fibonacci and range trading with candlestick patterns. Supply&Demand levels on every trade.