JamesBondb0

JamesBondb0

With rallying, Dollar up , A good risk off trade is selling the euro against JPY. The 3 Hour shows an ending of a fourth wave at around 50% of wave iii measured from wave ii which is with in the Fibonacci re-tracement zone that wave fours characteristically retrace. The sell trigger is just below the one bar low and stop loss is just above the wave ii low where...

JamesBondb0

This is a perfect example of Elliott wave theory at its best, After a five wave move to the upside there is at least a three wave move to the down side to around the area of the previous fourth wave. After taking the distance of wave 3 to 5 starting at the end of wave 2 the very least that should happen is an Elliott wave correction which retraces 38.2% of the...

JamesBondb0

Apple is in the process of a correction and i am buying into th pullback. One unit at 535 which is in play and one unit at 513. Both prices are Fib resistance zones where A=C C=1.618 of A. Stop loss at510 close to wave 1 high.Anitial target is636 where wave 5 is equal to wave1.