Elliotwavestheory
12 Year old Trades Elliot WavesAmazon ($AMZN) has gone through hard times as this 2022 crash has given a volatility issue in many stocks, especially tech. Trillions of dollars have been wiped out, but there was a sort of pattern between these stocks like ($AMZN). I discovered these patterns months ago, but I have decided to teach my knowledge. This has long-term issues since it's in the Day chart, fortunately, it's going into an uptrend since it has touched the Support level, and from now the stock will go up.
The Elliot Wave was discovered by Ralph Elliot in his book the Dow Theory in 1938. The problem is that there is a trend in were the Market Psychology thinks that it will go up, and when there is a small crash there is a correction of the price, and it crashes until it's undervalued and people accumulate the stock.
BTC possibly heading towards 1.618 extension to $ 38460.05 Hey Trader,
please see my current short setup on BTC where my wave counts suggests an impact around 38460.05, which is the 1.618 extension of my overall count.
From there first longs can be considered.
This is no financial advice, just my technical view.
Have a great evening,
RT
This is why I think Gold will head towards 3000+ Dollars Hello traders,
Today I want to show you, based on the Elliot Wave Theory, why I think gold will hit new all-time highs in the coming months / years. I use Fibonacci tools to calculate where possible impacts will be. Let me know what you think of my idea. Thank you for your feedback.
For more information about me see below.
This is not financial advice, it just represents my thoughts on the market.
RL from RT_Trading