There I go again with the long titles, but I had to fit it all in. Today, there were two excellent trading opportunities I wanted to highlight in today’s intraday structure. One was a “buy the 4th wave” into confluence support (with a TICK divergence) and the second was a “sell short the 5th wave”…
It’s rare when all of you indicators point in the same direction, but when it does, a powerful trade can open up. I wanted to show you such a trade that just completed in the QQQQ: Real quick, price formed a 5-wave Elliott Wave fractal into the intraday highs, but more importantly, notice it did…
I wanted to point out a 5-wave Elliott structure and two bull flags that offered trading opportunities in today’s (April 21, 2009) intraday SPY structure. We started the day with a medium overnight gap which was quickly filled (small to medium gaps have greater odds of filling than large gaps), so that should have been…
I wanted to highlight the near perfect Elliott Wave structure that formed intraday on SDS (S&P 500 UltraShort), including a focus on trading opportunities and set-ups within the developing wave structure. (Click for larger image) First and second waves are notoriously difficult to predict or trade, but once you know what you’re looking for and…
With many Elliott wave practitioners puzzled at the current wave count, here is a possible mainstream interpretation of the latest Elliott Wave Count on the NASDAQ, which has had the most impressive run-up off the March 2009 lows. (click for larger image) As a caveat, keep in mind this is only one interpretation. This count…
I renamed today “TICK Divergence Tuesday” in honor of the numerous TICK Divergences that gave valid trading signals on April 14th’s intraday trading (in the SPY). Let’s look at these TICK Divergences, two bear-flags, and a 5-wave Elliott Pattern that guided the structure of the day. (Click for full-size chart) The main purpose of this…
A reader asked me to take a look at Las Vegas Sands (LVS) and I found some fascinating patterns, including a complete Elliott Wave Count, Cradle Trade, and Bear Flag. Let’s see these in action! Las Vegas Sands (LVS) Weekly: Las Vegas Sands is a Gambling/Recreational Company famous for their casinos. Price made an all-time…
I wanted to show you an interesting Elliott Wave fractal that set-up into the close of the trading day for April 7th on the 1-minute chart – mainly to show the fractal nature of the Elliott Wave Principle. (Click for larger image) I’m also still keeping the TICK on the chart from last night’s post…
Earlier this afternoon, I updated Twitter followers to the Triple-Swing Negative TICK divergence that set-up into the noon highs and a few people requested that I show that on a chart. This post reflects the intraday action of April 2nd which shows a three-swing negative TICK divergence, three push pattern, and interesting Elliott Wave structure…
Earlier, I took a look at “Dow Jones Similarities Between Dow Jones 1937/1938 and Today” and then followed up with “The Resolution of the 1937 Bear Market,” both of which were high-traffic posts. Let’s take a special look now at the Elliott Wave structure as more price bars have developed since that report and the…