Elliott WaveCSCO:We can clearly see 5 waves up so now we have to see definitely a correction ABC! We know for sure that we are in a bear market from now on the question is how long that will last we may even retrace all 5 waves at some point of the trend depends how the market moves.I'm Trying to create an youtube channel! I`m working only with Elliott Wave so if you want you see my prediction back in October that came true in December can follow me there --> www.youtube.com .
CSCO trade ideas
Cisco short trade, second chancePrevious analysis i showed a bear flag that worked out quite nicely, but it did not reach it's target though. At the moment it looks like a wedge in the making now. However, i do not really like the shape of it, but because it is at that red resistance zone, i am taking a shot at it. The RR is amazing on this one and on top of that, i will start out with a 50% pos size and increase on the way down.
Previous analysis:
CSCO SpeculationLots of unfilled orders sitting above. Below, we see a big area of a lot of trading meaning there are very few unfilled orders below. The bigger picture also suggest we should be short. We have two ways to enter the trade. One at the lower supply zone and the other at the higher supply zone. Depending on your rules, you can take one or the other or just take both.
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