short 13075 SL 10
1
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finding good trades with Nasdaq, dow, spx, and dax 43 replies
DislikedShort @13084 Target Pivot and below. Looks like I was wrong about a further up move. Forming Wave (b)Ignored
DislikedTrading for the Dummies !
a) If Price Action break the red Descending VTL (Valid trend Line) (-30°) - we consider a Long Position
b) If Price Action break the green Ascending VTL (Valid trend Line) (14°) - we consider a Short Position {image}Ignored
DislikedRevising the Elliot Count: Wave 1 - 5 waves down structure from the top 13533. Wave 2 - ABC wave structure. Wave (a) the corrective wave from yesterday's low completed at today's high Wave (b) could have completed with this recent low 13034. Wave (c) Looking for DAX to clear 13138 this week and form a new higher top. Completion of which is a shorting opportunity. Wave 3 - the Longest Wave shorting opportunity would start at completion of Wave (c)Ignored
Disliked{quote} Yes, very clear Elliott structure. Possible target around Friday's high. {image}Ignored
Disliked{quote} Awesome. IG's Weekly Pivot is 13258 [based on (O+H+L)/3 ] That would make an interesting spike.Ignored
Disliked{quote} There's also the downslde to consider. The short-term trend hasn't changed yet. If one looks at a daily chart instead, SMA50 is down by 12910, and SMA20 around 13200. Which one first? {image}Ignored