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Browsing: Elliot wave analysis
Here is the Elliott Wave article on how to trade Apple using Elliott waves that appeared on Forbes yesterday. Trading…
There are strong Elliott Wave reasons to think Glencore stock (GLEN:LSE) is all set to continue its dive in the…
Are we going to see a test of 1.6170 directly? and If we do get there, will we get a…
On 1st April, when the S&P500 index was at 797, I suggested that we will get a move to just short…
One of the key take-aways from Elliott Wave Analysis is that there is an underlying harmony in the markets, even though it appears chaotic while the moves are happening. It requires some effort to determine where the likely pressure points are, and a lot of guts to stake some money when those levels are reached
If my analysis of S&P500 (and Nasdaq) suggest that we will get a 5th wave move down, then how can I recommend buying Citi from $11.54? This is a valid question, and any good analyst should have thought that through. What I did, instead, was to look at the index and the stock separately.
I hope you took profits on Citi above $14.50, locking in a 25% gain. I suspect that the current decline will be the final push, the catharsis! (Here is your chance to click on this word and check its meaning!). Unlike the previous trade, we should aim to hold the stock for longer