looking for advice from Elliott wave and Fibanacci level experts

[buwa84]

Hi all hoping some of you elliott wave and fib level traders can give your advice and opinions abt the $ MCD chart. I'm very nee to elliott wave theory and trying to make sure that I'm identify and naming the correct price peaks and dips. Also I have used Fib level and price seems to have retraced to 61.8%. My thoughts are to go long as it has retraced back to 61% Fib level. Any opinion or advice greatly appreciated.

 

[buwa84]

anyone ??

 

[murray t turtle]

anyone ??

%%%%%%%
That may work in a bull market;
most any long/strong will.
50% off,level can be helpful .Wisdom is profitable to direct.
Not a prediction.

 

[Money Trust]

Any retracement beyond 50% is a sign of weakness. This doesn't mean that a good rally can't occur at this point.

 

[tiddlywinks]

There are 100's of Fibo/EW "systems" and forecasts on youtube.
Have you done any testing on your technique?

 

[buwa84]

this is not create a trade plan. So havent backtested it was just ask you folks if i'm identifying Elliottwaves and drawing the Fib level propaperly. And i have also seem many people talking about stocks pulling back to the 61% level and going back up. Is this one of those

 

[ronblack]

Elliot waves? Fibo levels? You have higher chances rolling dice.

http://www.random.org/dice/