Friday the 13th for financial earnings tomorrow? Hopefully that’s not a bad omen. The indexes tried to break out, but the NASDAQ and S&P are trading like they are in wet cement, but the Russell has made some nice headway.
Check my latest trading vlog! LEARNING YOUTUBE at YOUTUBE – Vlog 38
2 Comments
Terry Long
on April 12, 2018 at 11:23 pm
On the SBUX, had you also opened the Yellow Count, you would have found your triangle! LOL. Thanks for sharing. If SBUX breaks higher, could indicate end of the triangle in wave (IV).
re/ your triangle count. Have a look at the toping out process of GOLD in 2011-2012. It looked like a triangle too, but was huge 2nd wave correction. I did an overlay with the DJI since Jan 2018. The similarities are striking and THIS is exactly what EW is about. If you want to discuss, email me.
On the SBUX, had you also opened the Yellow Count, you would have found your triangle! LOL. Thanks for sharing. If SBUX breaks higher, could indicate end of the triangle in wave (IV).
re/ your triangle count. Have a look at the toping out process of GOLD in 2011-2012. It looked like a triangle too, but was huge 2nd wave correction. I did an overlay with the DJI since Jan 2018. The similarities are striking and THIS is exactly what EW is about. If you want to discuss, email me.