TradewithLu

TradewithLu

This is not financial advice and each trader is responsible for their own losses. Profit targets for this trade will depend on whether this develops into an ending 5th wave diagonal or just an ABC. An ending 5th will lead to a lower profit target and an ABC will result in a higher target. For the ABC scenario, I would take the fibonacci retracement of yellow wave...

TradewithLu

This is not financial advice, but a 2:1 risk to reward ratio set up is possible here. By setting your stop loss below the peak of orange wave 1, you can ride this wave up. when green wave 4 is over and 5 is in progress, you can raise your stop to just below the low of green wave 4. The fibonacci cluster is where white wave 3 will be 1.618* the length of wave 1 AND...

TradewithLu

This analysis is for research purposes only and to give others food for thought. Over time I will build a huge history of past trades and will have a good idea on my win % rate. Once I reach the point where the trades I post yield a profit of anything over zero consistently is when I will GO HAM and put real money into trades. Hope this helps!

TradewithLu

This call has been made by looking at past examples of this exact pattern where wave 3 is close to 1.618 the length of wave 1 and wave 5 is also 1.618 times the length of wave 1. What I have found in the past is that the 5th wave ends very close to, if not exactly at the 2.618 extension of wave 1, taken from the end of wave 2 (in this case the 2.618 extension is...

TradewithLu

I am using Elliott Wave analysis to make this prediction. Time will tell if this prediction is accurate, but my research and analysis has resulted in this call. (I will be putting real money on this trade). This is not financial advice and if you take this trade, must take responsibility for your own losses if it doesn't work out.

TradewithLu

Classic 5 wave Elliott pattern which has a high probability of making you money if you are patient and not greedy. Greed is inversely proportional to how much money you make in the market.

TradewithLu

Classic 5 wave Elliott pattern which has a high probability of making you money if you are patient and not greedy. Greed is inversely proportional to how much money you make in the market.

TradewithLu

If you look at this chart on a weekly or monthly time scale and look at the RSI, there is bearish divergence on both timescales which warns of a MAJOR reversal ahead to the down side. A longer term trader / investor could add a short position in MSFT to their portfolio. (This is not financial advice, you are responsible for your own losses).

TradewithLu

Must be careful here to cut the loss if price breaks up higher than the all time high.

TradewithLu

Looking at RSI and MACD alone shows how this has a very high chance to drop sharply over the next few days. The ending 5th wave diagonal precedes sharp reversals.

TradewithLu

This set up has a very good RRR (risk to reward ratio) and should very likely yield a profit. As this is the 5th wave, the last wave of buying is occurring and once it finishes, there will be no more people to hold the market up. Panic selling will occur which will cause the price to retrace down to usually the 38.2% retracement of all 5 waves, or the end of the 4th wave.

TradewithLu

Here wave 3 extended and was nearly 1.618*the length of wave 1, therefore wave 5 should be a maximum of 100% of the length of wave 1. Wave 5 is currently slightly over 61.8% of the length of wave 1. Here wave 5 is clearly an ending 5th wave diagonal and thus a sharp reversal should follow very soon.

TradewithLu

I can count 5 waves in the 5th wave which means it's very nearly time for Apple to reverse and retrace all 5 waves. Here wave 3 extended, so wave 5 will tend to be equal to or related by fibonacci to wave 1. The stop loss is in place if the 5th wave extends, however this is very rare, but the stop must be placed just in case. Any questions please let me know.

TradewithLu

Shorting the end of 5 waves is a great way to put your capital to good use. It has such a high success rate to make profit. These stocks sometimes take over a week to hit targets and others may hit targets within a day. Any questions, please feel free to reach out.