Elliott wave charts & predictions

[countryBoy641]

i have learnt all i can from them....

Padu, could you please expand on that.
And please tell me a little about yourself.
I'm just 4 years older than you, 71.
Why are you here?
This is not a personal challenge to you.
Just interested in what your type of skill is.
I admire a lot of cultures.
The last day job I had was at HSBC Bank, internet portal, in New Jersey.
I was a type of Project Manager.
We had at least 40 Hindus: various Java, Oracle, UNIX mechanics.
I worked with them on various projects.

 

[howruhowruong]

there are maybe 40 different types of corrections most of them complex and you are talking about the most simple one.
this is hilarious and very misleading.

All methods make money, its just the trend of market

any prediction has a 50% chance
i think tossing a coin will give similar results

you know too little

 

[wxytrader]

Please. There's a Fibonacci “level” at just about every price point to validate the narrative. After the fact, of course.

The very idea of it smacks of predetermination, which is nonsense. Orange Lambos notwithstanding.

What don't you guys under stand that 1.618 IS the price level. If you look at the chart it predicted the 16k low over a year prior. that is not after the fact it is BEFORE the fact.

 

[wxytrader]

more like this.... elliot used to call this a complex flat and a simple ABC with a range thrown in between.
best of luck is bloody rightView attachment 337831

Come on patty...thats not a flat that's an extended correction.

Here ya go if you want to see a more complex correction.

 

[wxytrader]

Then it is not very good because striking will always be more effective than ‘rolling’

Do I need to remind you what happened in UFC 1 when strikers had no ground game? The only reason strikers have a chance now is take down defence, and at a minimum, knowledge enough to stave off a submission and get back to their feet if taken down. BUT not if they run into a very skilled grappler like we are seeing with the Dagastanians. Without submission grappling a fighter has no chance in the UFC. John Jones is probably one of the best strikers around, but his ground game is underated. He can roll with the best of them.

https://youtube.com/shorts/h_4eR729c34?si=PX85pn9C3cSG7111

 

[wxytrader]

any prediction has a 50% chance
i think tossing a coin will give similar results

https://www.smithsonianmag.com/scie...-coin-flip-arent-quite-5050-145465423/?page=1

(funny I already suspected this was the case)

 

[wxytrader]

On another note. They have been trying to get me to dump my shares for weeks lol.

Heading into today, shares of CLSK had lost 22.93% over the past month, lagging the Finance sector's gain of 2.49% and the S&P 500's gain of 2.57% in that time.

Maybe this bodes well for the earnings coming up who knows but they certainly don't want me holding shares. Honestly though this stock looks like a race to the bottom if you look at the chart. This is purely a premium play. Once a stock drops a certain % from its ath's or has a RS its persona non grata to me.

https://finance.yahoo.com/news/heres-why-cleanspark-clsk-fell-215018083.html

 

[Frederick Foresight]

Probably best not to lump Gann in with Brooks.

Yes, who knows what they might spawn.

 

[Frederick Foresight]

Appel's MACD lines (left and right hand crossovers, and the histogram), very reliable trading signals. But when you put these together with many of the oscillators (RSI(5), Fast Stochastics), THEN you can see the Elliott count.

Don't the actual price bars get in the way of all the indicators?

 

[wxytrader]

Gerald Apprel was a genius.
MACD is a great tool.

Appel's MACD lines (left and right hand crossovers, and the histogram), very reliable trading signals. But when you put these together with many of the oscillators (RSI(5), Fast Stochastics), THEN you can see the Elliott count. But you need a quiet mind to get it.

Reliable? I find the RSI much more useful because it shows divergence better which coupled with EW can confirm a weakening trend.