Is this a Trend Change on the US equities markets? SPX500
Remember this is for educational purposes only. NOT a trade recommendation.
As I will always point out, using Elliott Waves can be a bit subjective like all other analysing methods. But what I like about EW is it forces me to draw hard lines for stops if my count is wrong. And I always incorporate trend-channels and other indicators in my view. But no system is infallible. The markets are always right. And sometimes they will display movements to give us a false sense of direction, so I am always cautious in my approach. Let's see how this continues to develop.
As I will always point out, using Elliott Waves can be a bit subjective like all other analysing methods. But what I like about EW is it forces me to draw hard lines for stops if my count is wrong. And I always incorporate trend-channels and other indicators in my view. But no system is infallible. The markets are always right. And sometimes they will display movements to give us a false sense of direction, so I am always cautious in my approach. Let's see how this continues to develop.
