Hi Traders. we are still on the WXYZ correction pattern, and in this case we are completing our last x move to the upside, wait for the market to break the WX support line and go short and close your trade around the 61.8 area , wave E might take a while, you can maximize your profit by trading the flags that form on our wave E, you can even trade this pattern on...
Good morning Traders. Trade the flag breakout and stay in the trade, trade the flag breakouts that form going down since the market going down can take a while to complete. Thank you.
Good morning traders. we wait for a breakout and take the trade going up, however this is not a safe one, rather wait for wave going up to complete and take the bigger slice of cake going down. Thank you .
the triangle consists of five wave correction that often occure in the 4th or B wave position, each of five waves usually subdivides into 3 waves, and in this case we are on the B wave as this is the correction of the previous trend, once the market breaks the b,d trendline , the triangle is complete, and we can therefor go long.
ABC correction, on wave B we can expect a abc correction of wave A. before the market breaksdown, using the Fibonacci retracement from the start of wave one to wave 5, we can see that the c wave is more likely to enter the 61.8 area if it does breakdown, save your account and wait for the abc correction pattern to complete, and enter short on the breakdown.
we are on the c wave of our correction wave, and chances are, the market is going to make the ABCDE OR ABC pattern before it starts a new impulse wave.