Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
- #164
- Jul 17, 2016 11:25pm Jul 17, 2016 11:25pm
- | Joined Sep 2011 | Status: Trader | 1,029 Posts
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
- #165
- Jul 20, 2016 12:38am Jul 20, 2016 12:38am
- | Joined Sep 2011 | Status: Trader | 1,029 Posts
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
Got the same idea, fundamentals......PMI - bullish.............NMI - bullish........ consumer sent- bullish......earnings are probably coming out better then expected.
So there is no reason the SPX500 should drop except for maybe a minor pull back to add to longs.
The bears are hibernating at the moment as they usually do.......
So there is no reason the SPX500 should drop except for maybe a minor pull back to add to longs.
The bears are hibernating at the moment as they usually do.......
Enter Signature
- #171
- Jul 20, 2016 11:22pm Jul 20, 2016 11:22pm
- | Joined Sep 2011 | Status: Trader | 1,029 Posts
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
- #172
- Edited 11:50pm Jul 21, 2016 8:59am | Edited 11:50pm
Hello.
Let me share my view within Wave Analysis on different timeframes.
Daily Chart
After the complex B correction on Daily we have the impulse C since the end of June in progress. This impulse could be traded on all timeframes including H1 and m15. Daily waves are shown with the violet lines below:
Have a look at how we could enter this impulse using smaller timeframes and smaller s/l if needed by your RM and MM.
H1 Chart
S&P 500 develops very prolonged waves on all timeframes: the lime A wave on H1 chart was forming for more than 4 days!
m15 Chart
Waves of m15 chart are plotted with the orange lines.
Let me share my view within Wave Analysis on different timeframes.
Daily Chart
After the complex B correction on Daily we have the impulse C since the end of June in progress. This impulse could be traded on all timeframes including H1 and m15. Daily waves are shown with the violet lines below:
Have a look at how we could enter this impulse using smaller timeframes and smaller s/l if needed by your RM and MM.
H1 Chart
S&P 500 develops very prolonged waves on all timeframes: the lime A wave on H1 chart was forming for more than 4 days!
m15 Chart
Waves of m15 chart are plotted with the orange lines.
Hello.
We all know that S&P500 experiences a strong bullish trend. How could we join?
Let me share my view on m15. The waves of m15 are plotted with orange lines. You may see a 3-wave bearish structure that was developing on July 21st. The lime line shows we are having the A wave down on H1 and it means H1 is providing a support for m15. Awesome Oscillator of H1 (AOx4 on m15 chart) also confirms this. So what could we expect further? There are 3 options: 
We all know that S&P500 experiences a strong bullish trend. How could we join?
Let me share my view on m15. The waves of m15 are plotted with orange lines. You may see a 3-wave bearish structure that was developing on July 21st. The lime line shows we are having the A wave down on H1 and it means H1 is providing a support for m15. Awesome Oscillator of H1 (AOx4 on m15 chart) also confirms this. So what could we expect further? There are 3 options:
- 4th correction up wave on m15 to be followed by 5th impulse down
- b correction subwave inside C down on m15
- new a wave up on m15
If we consider to buy, we have to look for a new wave up on m15 then wait for its respective b and jump into c. At the current moment there should be 2 main conditions:
- new a wave on m15 should be supported by its older chart that is H1 for m15
- this new a wave on m15 should break the blue dashed slope channel protecting the orange abc down on m15
