Wednesday, October 28, 2015
Monday, October 26, 2015
Elliott Wave personality and characteristics
Wave 2: Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern.
Wave2
Saturday, October 24, 2015
Wave 1 personality and characteristics
Wave 1: Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.
Monday, October 19, 2015
Monday, October 5, 2015
Friday, October 2, 2015
DAX Elliott wave Count
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| DAX |
Dax Currently trading in Wave 4.Wave 3 Fold. Wave 4 will be complex as opposite relation of sharp and complex. wave 4 can retrace 38.2% of wave 3 ( 10200...). Any movement above 11053 will invalidate above wave count.
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