As I posted in the other topic, I highly recommend to those of you who really want to master it I highly recommend to study the book "Elliott Wave Principle: Key to Market Behavior". It's not easy but it totally worth it. This book can really enrich you with the knowledge that you can apply in your day-trading activity. Good luck and happy thanksgiving!
Right now trying to apply EWT to BABA in a long-term. Seems like we're on the fifth wave right now what means that there is some money to be made here. My predictions - BABA $85-87 by the end year
yeah, even regular TA tools are showing this. you don't need EWT in this case. Here some new analysis
Where Fundamentals Meet Technicals: BTI, MO, GBTC, TSLA https://www.elliottwavetrader.net/p...hnicals-BTI-MO-GBTC-TSLA-202012226613877.html Trading the T-line - cut to the chase ... Stephen Bigalow https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-15#post-5162295
I've never used this indicator but I'm sure the saying that "indicators should always be used in conjuncion with other indicators" is true about this one also...
This opened my brain on VSA, thanx a lot man, you got a similar analysis for bearish reversals? i'm trying to think of it but panic buying, should increase the price further so it doesn't make sense to me, can you help me out here?
I am a big believer in EW theory and use it as a way to view market sentiment. right now my S&P chart looks very bearish and suggests a pullback is due probably lasting the whole of 2024.