Got stopped out today:mad: Expected this size of move...only in the other direction :D Was going for wave 5 down, but it turned out to be...
use a larger timeframe 1st... To much noise in graph, draw big lines to spot the waves. Only use it to confirm other indicators:cool:
Nikkei, not strong. And a quick conversion of indices in foreign currency. Enjoy your trading next week :D
US markets looking stronger then EU. Looks like Dollar/Euro is making the difference. Wait for cycle low and buy to catch end of year rally.
Hourly AEX battleplan :D
Here's my homework for next week AEX... Gonna take a look at S&P later this weekend. Daily chart: Cycle ends next week.
@blnbr Placed my view @ your chart: I'm still looking for wave 5 with last ABC as 4. Lot of divergence in daily indicators while making C,...
AEX with a less perfect cycle, but a possible SHS.
Last cycle top was perfect. Lets see how low we can go. Watch for divergence.
Daily: Bullish Weekly: :eek: :eek: A few reasons why i'm not buying for the long term :p There's room for a new high within 2 weeks...but...
Looks like a 5wave about to end. (wave 1) Think it will be a neutral to slightly higher week(wave 2) Then a possible SHS(wave 3) Let's see...
Very strong move! only 1 NR remaining.
Loads of Negative Reversals @ hourly.
Just a warning for everyone thinking/holding short. RSI goes faster then price! If the 2 oct bottom holds, S&P wants to test the last top...
Went down as expected, but no UP :eek:
forgot the chart :confused:
1 more test(wave 5) needed in the hourly :) then indicators are ready for UP... RSI negative reversal target 1060 :cool:
thx mu! thats the parallel i was looking for.
Nice one ed! be carefull with the rebound, can't find a nice parallel channel @ S&P hour. RSI has turned up, other indicators still down.
I'm only long @ hourly :) And when it fails/makes a Negative Reversal(RSI), then i'm going short @ the larger timeframes. Daily wants to go...
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