emehoke

emehoke

its a little early for "i told you so" traders who only wait until something happened before they tell you about it, but this downtrend has to break at some point in time. I will now show you the same formation on the 240 charts.

emehoke

markets are starting now I have to divert my attention. no questions on these usually I don't think anyone will mind.

emehoke

es dipped and got some liquidity at the recent large consolidation. Now its trying to go higher, showing a little hesitancy. bears might jump on it, and they might not.

emehoke

nq could do a lot of different things. I see a lot of good arguments from both sides. technically we are in a downtrending market, meaning it's been in your best interest to find short positions. This could always change, but all we can really do is go with what the price history is telling us.

emehoke

most bearish picture ive seen in a while. in trading it is always darkest before the dawn, but also never tell a market it can't go any higher or any lower. bullishly it has made almost a double bottom, and now it's stair stepping higher. Lower time frame Elliot picture probably looks really easy to point out.

emehoke

WISH is low. could go higher. Trading view wants me to write more in my description so I am typing a long, drawn out sentence to let my audience understand more clearly what I am talking about.

emehoke

s&p has made a ceiling turned floor that is too perfect to ignore. I don't think bears will be able to sell through it. As a final note, never tell the market what to do.

emehoke

I get these wrong fairly often, but eventually I will be able to use elliot waves reliably if I keep considering what they are telling me. At the moment it's telling me that price should want to continue higher.

emehoke

I'm attempting to display the 15 minute buy areas. There are two buy levels, the near one is obviously more likely to be reached than the further one. On the bearish argument, price has tried several times to make new highs and hasn't been able to do so. This could prophesize a larger drop in the future. Everyone is more tentative come Sep/Oct. This is...

emehoke

nq turned around without making a new high. It did get very very close. that counts for something, but at the moment we are expecting it to go lower and looking at lower points where it could collect and continue climbing.

emehoke

nq is looking for buyers to step in this morning, and they are only recently doing so. Price could turn lower to the demand areas listed, or it could use the reigion it's at now to pivot and try to break the series of lower lows. My hypothesis is that it will continue a little but lower before turning higher. Markets looking downhill across the board. some...

emehoke

Posting from my phone today so not marking chart heavily. Not much has changed uptrend is still intact. —— Now people will want ‘experts’ to tell them, when is it overextended? I would say short of making new all time highs it is definitely not overextended. There are plenty of places where people might bail/take profits on the way up resulting in corrective...

emehoke

This always happens to me when I am analyzing. I have two strong strategies to consider, and they don't work together. Would love it if they could work together a little bit more.

emehoke

nq looking bullish. I see a nice trade I could have taken, but when the opportunity doesn't occur in the morning the chance of me taking a position on it is essentially 0. Being in the right place at the right time is a deciding factor in trading. It may even seem at times like you need to have the god given gift of sheer good luck to win at trading. Here is a...

emehoke

Here is an example of a trade I find appealing to take because price has shown me several times that it is going to stop at the area below. It might not do it again now that it highly evident, but I like this type of thing a lot better than trying to predict the support areas. Price has clearly shown in the past that it will receive some buyer support at the 2226...

emehoke

Markets are very difficult things to predict. This is why we ultimately fall to the side of system trading. It's just too unpredictable. You might have a lot of fun coming up with the perfect answer to each and every chart setup, but it is better in the long run to let your problem solving nature focus on other aspects of life. Even if it's just a short break, if...

emehoke

this is the clearest formation that I'm seeing on the 15 minute. On other time frames you can see different things.

emehoke

Wisconsin GOP shot down the most recent budget plan, which partially dealt with marijuana legalizing. Democratic governor meets republican representatives means Wisconsin probably will not do anything meaningful for a while. In the meantime Wisconsin residents travel to Illinois where they spend almost 100$ million annually on marijuana products. Some other...