MoneyFlowTrader

Example of Bullish Trading pattern Elliot Wave sh. term bullish

Pembelian
FX:SPX500   Indeks S&P 500
2
I look for Desc. Triangle b/o to "W" b/o, draw cup, let the handle formed (buy off the handle sometimes) but best to draw Elliott Wave (1) after the "W" retraces to back to the top of original b/o. (often see this as future areas for Wave (2). Or you can draw Wave (1) off the end of the Cup Handle. You need to then confirm Bull Flag/pennant. Look for IHS. Draw remaining waves 2-5. You may also see the IHS between waves 3-5. Wave (5) to A, is sometimes, if not often followed by a Desc. Triangle. You should spot another Desc. triangle b/o. Buy Wave (C) The Grand Supercycle, you could then ride it to Wave 5 or to desire profitability . Its a good thing to plot Wave C to the original/first "W" breakout, a clear higher hi/higher low should be forming.. this pattern should be visible on the next time frame, if your charting Elliot Waves on a lower time frame. I.e this is a 15min Time Frame, before the desc. triangle b/o on the left, there was a prior "W' b/o on the 30min Time frame. pull up a 30min chart of spx500, and see if you spot the W breakout, that led to a Desc. triangle..

I'm short term bullish only

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.