Just for testing purposes
I am quite new to it. Let's see what happens with this first test
This potential sounds crazy to some, but if I see the waves correctly, the "true" crisis wouldn't actually happen this year but maybe in 2-3 years! Are we simply back to 1937?
In fact, if we are indeed in the longest bull market in history, then we may be only starting to create wave 5 if what I consider to be wave 3 is in fact ... wave 3. This is puzzling me, a lot.
There are a lots of alignments. I believe it is time to go short deeply for aggressive traders by going against the bullish "wave analysts" advocates. There is clearly an hierarchy here. People are starting to be bullish post "low vol" breakout. Don't go long the climax. Study what happened in previous decades before stock market crashes.
The CAC40 pulled back to the breakout level, completed different patterns and reached their targets. I know that some people studying waves believe we could still go up, but I think there should be quite a good sell-off during the next week. I could indeed be wrong, so we shall see. I've noticed that a few rarer or uncommon patterns appeared. Need to study hard on...
It looks safer.
I was willing to short too early on the 200 EMA.
1) Most indices retraced 50%, and we are at a very important turning point: if indices breakout cleanly there resistance (for instance SP500 at 2610.8, among other ones) then I would reassess my short bias as we would go back to potentially bullish territory (however, this would mean that the world and its economy become rosier --- no more issues!). The DAX could...
I know a lot of people would aim in global markets for more upside, however small, but there's many reasons to go short now in my humble opinion. The timing is good, and even if we were to go up (61.8% retracement), more shorts could be added at even a better price.
Lots of reasons. But the markets could also be short-sold right away. However 4907 is extremely "attractive" so far.
I am quite new to those kinds of wave analysis tests. There's been a lot of talks about Wolfe Waves recently. I am seeking for alternatives. I know the chart is not clean, even very messy. But I traced the fibs for reference only, as I want to keep track of what would happen next. If anyone spots anything that could help, do not hesitate to share! I know that...
Those are my targets. Options expired and led to a breakout with low volume.
I stick to my plan. We shall see.
We shall see as the tape rolls.
I didn't show the 2531 level in my previous forecasts, but it could potentially be a very important level. TBC