Indexes are really pushing the lower boundaries of would-be wave 4 support on the 60 min charts . Are they ready to break down? Looking at the Dow industrials and tranports, they would suggest YES. We’re watching the market jockey for position as the next big move is setting up.
Elliott Wave International Webinar Replay http://gainesville.elliottwave.com/t/271285/6991741/260168/24/
Paul Tudor Jones Video – https://youtu.be/-38x671CUQw
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Join us for the back-half our trip to beautiful Colorado for a family reunion and most importantly to celebrate Grandma’s 90th! In my usually dysfunctional manner we take the kids to a brewery and then a distillery and explore other cool parts of Colorado
Hi Todd. I am new to your site!
I like your style and you r knowledge! and I like tour charting program 🙂
Anyway.. Are you doing some analisys on Bitcoin? I am in that a lot and came mainly for that.
take it easy now,
Cheers
Stefano
Hey Stefano,
Welcome! Yes, we cover all cryptos in the blockchain service. Would you like us to add that to your subscription? If so, do you mind dropping a quick email to “help@tradinganalysis.com” and we’ll get you all setup. All the best, Todd.
Hi,
For the chart of the dow ,that you showed in the above video, if you look at the move down from feb 27th to march 2nd,
Does it look like a 3 wave move down or a 5 wave move down , in your opinion ?
(In my opinion it looks like a clear 5 wave move down, if you look at it closely ,in the 30 min time frame chart).
IF that is the case, and it is in fact a 5 wave move down, then :
1. We can rule out the dow being a triangle
2. We can rule out the dow being a new wave 5 upward
3. We can rule out a large flat anyway.
BY DEFAULT , The only possibility that exists then, is a zig zag downards.
Would love to know if you agree with me , that it is a 5 wave move down, as that could be the
KEY , to solving , whther we are going to make new lows in a zig zag move downward ( and hence
Prolong that amazing bearded stubble of yours :):)