Cloud
EUR/GBP Elliott Wave Completion?Nearing the end of the second complete Elliott Wave on this pair (at least IMHO). Previous waves showed tell-tale divergence at the 5th wave. There is a possibility of this actually becoming a 3rd wave. But if the past is indicative, it's more likely the C leg of a corrective structure, we'll have to wait and see. I'm looking to enter this trade on a bearish candle pattern inside the PRZ. My PT will be at the harmonic AB=CD(0.81500) which also happens to be the bottom of the Ichimoku Kumo(cloud). I'm new to Elliott and trading in general, so any feedback would be greatly appreciated.
above cloud good bar money flow above 50 mastop loss 8 ema/get our book on amazon for reasons why/stoc crossed/cci and percent r good upper range/relative strength good/adx begin trending
above cloud 50 ma good money flow and volumeweekly cloud around 2,50/macd and stoic crossed./percent r and cci upper range see in our book on amazon same name for reasons why/rel strength strong/adx trending/diversify within industry/stop loss close in cloud/mix micro cap longs with large cap mature shorts
watch for close above cloud good volume strong groupgood volume wait for close above cloud-cci and percent r upper range-stoc crossed-adx starting trend-no cloud problem on weekly
above cloud pullback to good fib-engulfing bullish candle get our book on amazon to play fib retraces after runs chaikin money flow good-adx beginning to trend at 21-could run close to last time stoc crossed- relative strength good-stop loss top of cloud-always diversify
coming out of cloud watch to confirm on weak day b bands widening see our book on amazon for reasons why-cci and percent r upper range-money flow good-stop loss if goes back in cloud-target 200 ma-relative strength good
pennies to thousands above cloud good volume candidatealmost out of weekly cloud get the importance of clouds in our book on amazon price volume strong mad and stoc crossed money flow excellent cci and percent r upper range watch for 200 ahead
pennies to thoudands above cloud key ma biotech candidategreen bar after doji cci and percent r in top range get our book on amazon for reason why money flow and relative strength strong stoc crossed macd about to cross strong good volume strong group wait for good opening bar to enter
tight base and bollinger bands