Elliot Wave Trading

Almost there should hit this week... 3370's


short term outlook 3022327131153370's before the big retrace to 2220's area... Will watch 3370's before pulling trigger for the short....

Looking at price action for reversal at 3306

Took the short at 3305... looking at 3050's for TP

Took profit at 3190 ... Now long from 3173 TP 3278
Overall end of this wave 3050.. will short from 3170's

3384 this week for the short on the cable. Will have to watch price action. After making it to 3382 there will be a retrace. Will it be to 3305 area and hold there at the support or will it be going down 300+ pips to 3055. Also keep 3269 in minds eye. You are looking for continuation down to 3055's then retrace to resistance area of 3305 area. From here we should go down to 2938. Lets get to this point then analyze after this. If we don't break 3305 resistance which is 78.6% of Sept 1st high and low of Sept 22 around the time you started calling for the high 3300's, it's ok because technically we are still within fib level of 2 wave... Time is off tho on the daily chart hence words like could and possible... with that said there is a slight possibility of going to 3420's which would be a retest of the high on Sept 1st. Still within the rules fib wise for a 2 wave but not time wise... Retest of Sept 1st and no significant breakthrough of what now would be support 3305 would put us in bullish sentiment... I personally don't see this happening especially with the MAJOR CRASH of the DOW that's to come retesting MARCH 2020 low's but will surpass those March 2020 lows...
Happy trading this week FiXmE1ToO
Listen to the CABLE and you will be thankful you did...

Everything played out as planned. Instead of topping out at 3384 we topped out at 3397 Ending the week right at 3307. Still above support even though we broke support we came right back to it. For this week 3360's area will play very important factor in the direction of price. A break above this area with a hold we can see 3440's before continuing our ride down. The weekly chart is ripe to continue the ride down while the daily is not as clear yet. With all that said I will look at the 3360's area before placing trade. I'm looking more for the short with entry between 3362 to 3369. With first TP at 3234, at this point we should retrace to 3313 then continue down to 3185 area.

Happy Trading this week Fixme1oo. Continue to trade what you see and not what you think. Listen to the Cable you will be thankful you did...

BTC 49K SOON COME!!!!

Perfect time to long DOW30 lets see how this plays out looking for 33100's area overall