sgsummers

sgsummers Updated 

This is another easy and straight forward setup. This appears to be an Elliot wave 5 wave fractal pattern. It seems to me that we are probably in wave 4, though I do not think wave is finished yet. Wave 4 likes to finish near the top of wave 1. We should be in the ABC/complex correction of the minor waves. We are in a small uptrend that is actually a bear flag in...

sgsummers

This is a pretty easy setup with a good risk to reward. It seems we have a 5 wave Elliot wave pattern. With these patterns it is very common to see wave 4 to retrace to the top of wave 1. We have 3 major trend lines running with the bull trend. We have a broken counter trend line and a deep retest of this counter trend line to the next trend line down.We have what...