ResonanceTrading

ResonanceTrading

The structure here is clear and simple. Prices always move in 5 impulsive waves, 3 corrective waves or triangles. In all cases, I am anticipating a C/3 wave to the upside with minimum target =1.18 (if it is a C wave) and second Ideal target= 1.59 (if it is a 3rd wave). The current wave count on gold supports my idea of a near term bounce for gold.

ResonanceTrading

The risk/reward ratio might not be the best, but it's worth a try. If this trade goes right then my medium tern outlook for the stock markets is bearish and I expect the s&p 500 to test the lows during Q12016

ResonanceTrading

These are the most probable counts for the S&P 500. in the first one, the S&P finished wave IV and is now heading to new highs in wave V The second one, which is the one I prefer "due to the development of a H&S pattern on the 4 hours chart right now, will continue going down in a A-B-C zigzag to new lows.

ResonanceTrading

This is a 0.5% risk trade I am currently in. the downward move looks impulsive to the downside and I guess there is still high probability to continue going down. And from looking at AUDUSD (still to go down) and NZDUSD (going up and currently finishing wave 2 down) this trade seems ideal :) another "conservative"short entry could be entered after the price...

ResonanceTrading

Will the Chinese markets go down in the same manner as Oil did in 2014? Here I am presenting the resemblance between the correction in Chinese Stock market and Oil. Chinese Stock market is, most probably, in the C corrective wave and now heading to new lows (mid-to-long-term). Usually wave analysis differ between stocks and commodities but the bull run between...

ResonanceTrading

This is my first published personal trading idea depending on Elliott Wave analysis. wave 5 projection is equal to wave 1. wave 4 might be complex correction due to the fact that wave 2 is a zig-zag correction. The distance between the red trend lines are equal. I am looking to short oil after the completion of wave 4.