From my premarket post, I suppose yesterday ended a 5 wave of [a ](preferred count) or 3 wave of b wave (2nd alternate count) or 5 wave of c (1st alternate count).
All three scenarios have in common the assumption that I'm waiting for an impulsive wave in 5 movements ( a , 2°Alt c , 1 ).
So I expect wave [1], which is in 5, and then there is an irregular [2] , a 3-3-5 pattern, which ends near a Fibonacci price and time cluster; at this point the situation from unclear becomes more clear. I have the full coincidence (very rare) of: pattern + price + time + momentum + cycle;
now my strategy is to wait for an upswing breakout and open a long position.
Target + 10, stop loss - 4.
A risky but successfull (and lucky) trade that only Elliott wave and Fibonacci ratios can offer.
See you tomorrow.
ElwaveSurfer
I follow the suggestion of Glenn Neely, I use cash data to analyze market behavior ; this involves less difficulty in deciphering an Elliott Wave pattern.
A financial markets outlook through "The Elliott Wave Principle" and The Golden Ratios
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"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)
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can u give me tips hw to start learn Neely waves ? it's hard to learn by itself.
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