My technical and Elliott wave analysis

[spellcraft]

Hi,

I'll post here my point of view about the price action of some financial instruments that I follow. I will not use long comments, but some labeled charts.

I'll be happy if you share your analysis and forecasts here with me.

Good luck

 

[spellcraft]

An example how to manage your trades using Elliott wave Principle. Part one - analysis and forecast.

 

[spellcraft]

An example how to manage your trades using Elliott wave Principle.
Part two - what actually happened

 

[spellcraft]

Near a top. I don't think that long positions are appropriate. I already closed mine and I'm waiting for the reversal.

 

[TraderZones]

Quote from spellcraft:


I'll be happy if you share your analysis

Yes. Discard EW and other fluff and consider learning how to trade

 

[spellcraft]

First signs of a renewed bear market.

 

[Illum]

Spot on, very nice. Target you have there is aggressive, I am looking for it too, but treading lightly in day trades. Keep it coming spell, thx.

 

[spellcraft]

Nice technical figures. Good bullish opportunity, which in Elliott wave count is expected to e a corrective pattern.

 

[spellcraft]

COFFEE is making the first steps down of a larger downtrend.

 

[spellcraft]

The first chart shows our forecast on FTSE from last Wednesday.