Elliott Structures are just THAT, structures from which to trade, Primarily entry points into the market. ELLIOTT structures do NOT predict the future with regard to timing and exact price. The IDEA is its important to understand the overall wave structure your TRADING in, And when you are managing your trade. Combined with the a proper RISK/ BUY / SELL / TRADE...
Please read notes provided on the chart. Note: Elliott wave counts do NOT forecast the future, they simply HELP explain the structure of the market which you are trading. Note: This is likely my LAST POST and I plan to STOP publicly posting my CHARTs and I am asking TradingView to Change my account to anonymous. While the vast majority of people on TradingView are...
Chart Says IT ALL FIB: .618 = price 134 (possible maybe, but not likely). I Believe we will see the top today or early next week
VERY LONG in the LONG RUN. BUT as the Chart illustrates there several ways to get there from this point.
BIG PICTURE: EURUSD will go UP and the DOLLAR will go DOWN. In the mean time the market is volatile with Double/ Triple corrections and triangles Everywhere. Difficult to Trade effectively. Remember CASH is a POSITION as well, Knowing when to trade and when to stay on the sideline waiting for the IDEAL set-up, is part of the GAME. Currently holding Cash and...
IF you are HOLDING or TRADING, move your stops up TIGHT and TAKE Profits. ITS bye bye Apple...for a while
GOLD looks to be completing HUGE Zig-Zag A-B-C (5-3-5) structure SOON Current price is a fair price, but don't be surprised if we briefly visit 1640, before turning up higher. Tagged LONG even though it looks as though there is still one more dip lower.
THE NAS may go down Tomorrow, but it has some upward potential. Let's see if it can complete its structure before the DOW and RUT bring it DOWN. Tagged LONG: While Not every NAS-Stock will make it, as an INDEX I suspect there may be enough juice to go to 15,000 Thoughts ?
SMALL dip down to complete sequence the UP trend for a LONG TIME. Trade appropriately.
Trade Appropriately
Enjoy and trade appropriately. USDJPY tells the whole story. There exist a 30% probable alternate count which has USDJPY rising to 113.5 before reversing LOWER.
EXPANDED FLAT with Dates correlation to the Dollar and Indices Trade appropriately.
30% probable COUNT, aesthetically it doesn't look right, and if this were the count you would expect the "Character" of the price action to have more volume / support and confident ... but it is possible. We will know when Silver Breaks the Price Channel. Either way in my opinion Silver is at a FAIR price.
A little LOWER, THEN IMPULSE WAVE-3....Starts
Possible Structure to Think About
A Corrective Wave-B structure could be forming. Trade appropriately.
Ending Diagonal UP, then DOWN on WAVE IV