LEVELS If we go up again 2598.5 : Yesterday's high, possible scenario because of the opening level at 61.8% retracement level. 2600-2610 if we have another strong upside. If we go down 2573.6 : Yesterday's low. If we get there, we will have to watch the market reaction because it could reverse hard as the last days.
MY PLAN Wait and see at the open, I prefer the short side but I made my profits long side this week.
CHART COLORS: GREEN = WEEKLY & GREATER ---- BLUE = DAILY ---- PINK = H4 ---- PURPLE = H1 CHART LINES AND ARROWS: SOLID = PAST MOVE ---- DOTTED = ANTICIPATED MOVE MY TRADING STYLE I took a lot of time learning Elliot waves and it changed the way I look at charts. It’s much clearer when you know where the market is potentially going. I don’t believe in moving averages theories, candle pattern or other “magic” indicators. I only need one to see divergences. If you trade the “patterns” like “head and shoulder”, “double bottom” or everything else, it’s OK with me because most of the time it fits in the waves count. The hard part is to catch the strong moves, it’s easy to get lost in consolidation. My way to do is to analyse many timeframes, in a daily consolidation we can catch strong moves in H4 or H1. Same in weekly consolidation, strong move in D1. NOTE I do not give advice to buy or sell. I just want to document my journey and interact with other traders. All the levels mentioned are approximative, it can be higher or lower. I am often wrong but I try as hard as I can to cut the losses quickly. You can reach me on social media, the one with the bird, I am marttrader!