With the break of the Feb 2018 lows, we see that the road map is still working for us. We have been making a lot of progress to the downside and may come back up to "kiss the old support" (now resistance) at the Feb 2018 lows. As we are setting up the 3 of a 3rd wave down. Please note the smaller wave counts within the bigger ones. We expect this bear market to last until late 2021 or so. Here is a zoomed in view of the next 12 months or so. The market action has been very fast and trades change quickly! But this road map is the bigger plan. If you wanna join our chat room, we just ask that you be polite and help others. So far we have kept a clean and fun group that just wants to make money and help each other. Just message budchevy . He's the gatekeeper. Thanks enjoy!
how profitable were you this year with this analysis style , hit rate in percentage
whiteknightmoving
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@bustin1995, use it all the time. elliott waves and fibonnacci ratios. can use on any time frame chart. I trade options. But works for stocks to. As each smaller component wave turns and identifies a pivot, that information is adjusted in the bigger waves. The future is then cast (like a fishing net) toward probable targets that we can expect to look for turns. Never exact but close and keeps the main pivots and turns to the front of forecasting analysis
gvoommen
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Awesome chart analysis! Can you also please post charts like this for NASDAQ Composite Index? Thank you.
whiteknightmoving
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@gvoommen, If I get some free time I will... both indexes in bear pattern now