Continuation of S&P 500 study, X axis (time) and Y (price). (A) If we display the sections of growth of the S&P 500, by illustrating each period of rising price, with a green square, we get three (3) distinct periods periods 1. and 2. and 3. (B) If we insert these squares 1. and 2. inside the square of period 3. and that we place the square of period 1. down...
Observation: Once again the price went to test the upper limit of the Down Trend Channel, and there where no more buying interest in this area so the price falls again and made a new Lower Low .... Look the importance to look for trades around the extremes
Hey traders. Here I have provided some notes of mine for the very basics of the Elliott Wave 5 wave structure. I am open to constructive criticism. All of this info is derived from the Elliott Wave Principle Book. Thanks Everyone.
Sell GBPJPY (educational) "kalbotical retracement confluence 1" 1. Up Trend line broken 2. down Trend line formed 3. second leg has a strongest momentum so possible third leg for some kind of 1-2-3-4-5 structure ) You can catch momentu e.g with Squeeze Momentum Indicator 4. Look left for S/R zone 5 perfect Fib level - .618 6. Kalbot RSI ...