Actually I wanted to post an idea yesterday, because I announced it at the last update.
However, I did not know what to post, as I have already said everything.
I wanted to show another scenario, which would also be possible, but that would cause too much confusion. That's why I just did not post anything.
Now, as you can easily see, I finally came to it. You have seen this idea before and I wanted to remind you again. Here's the previous idea:
The current status is that we have broken through $7800 and $7500 with ease as I said, since everyone expected something different.
Now everyone is hoping for a bounce in the remaining $7000 range, which is unlikely to come.
The reason is that nothing ever happens that others say. The scenario that everyone thinks about should be faded out immediately or exploited for your benefit. This is pure psychology, which every successful trader or investor knows.
So I'm sure that none of these areas that I have listed will hold. If it is the case, then I will inform you. However, I can tell you that we will not bounce off a price everyone expects should we go up from there.
And stop saying that I should use the Elliott Wave theory correctly.
I do not use a theory that is not successful. If you can handle it, then you are welcome to use it. But from my experience I know that 99% of traders make losses. People using the theory almost always fall into a trap (Just look around tradingview).
So that's it from me. Here is my short term trade from yesterday, which I wanted to share with you, but forgot it. Was in a hurry:
<deleted>
One thing I want to mention at the end:
We do not form a triangle. If you listen to me, you know that this is a scenario everyone is thinking of. They happen very rarely, but because it is easy to draw a triangle, it uses everyone.
EDIT: Wow Tradingview... thank you for not showing the chart as it looked before.
However, I did not know what to post, as I have already said everything.
I wanted to show another scenario, which would also be possible, but that would cause too much confusion. That's why I just did not post anything.
Now, as you can easily see, I finally came to it. You have seen this idea before and I wanted to remind you again. Here's the previous idea:
The current status is that we have broken through $7800 and $7500 with ease as I said, since everyone expected something different.
Now everyone is hoping for a bounce in the remaining $7000 range, which is unlikely to come.
The reason is that nothing ever happens that others say. The scenario that everyone thinks about should be faded out immediately or exploited for your benefit. This is pure psychology, which every successful trader or investor knows.
So I'm sure that none of these areas that I have listed will hold. If it is the case, then I will inform you. However, I can tell you that we will not bounce off a price everyone expects should we go up from there.
And stop saying that I should use the Elliott Wave theory correctly.
I do not use a theory that is not successful. If you can handle it, then you are welcome to use it. But from my experience I know that 99% of traders make losses. People using the theory almost always fall into a trap (Just look around tradingview).
So that's it from me. Here is my short term trade from yesterday, which I wanted to share with you, but forgot it. Was in a hurry:
<deleted>
One thing I want to mention at the end:
We do not form a triangle. If you listen to me, you know that this is a scenario everyone is thinking of. They happen very rarely, but because it is easy to draw a triangle, it uses everyone.
EDIT: Wow Tradingview... thank you for not showing the chart as it looked before.
Note
Could retest $7500 area to complete correction before heading down. Be aware.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.