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Stock and Currency Commentary and Charts Utilizing Refined Elliott Trader Software
Color Scheme of the Charts to Differentiate the Various Wave Degrees is:
{ Supercycle / Cycle / Primary / Intermediate / Minor }
{ Supercycle / Cycle / Primary / Intermediate / Minor }
{By clicking on any chart, it will enlarge for ease of viewing. Commentary at the top of each chart is more easily read, also.}
Nautilus, Elliott Wave Principle, Fibonacci, Phi
Welcome
Welcome to this free site that provides state of the art analysis of currency pairs and stock indices by utilizing Elliott Wave Principle through sophisticated pattern recognition software. After scanning millions of data points the software is able to compare how these data points match up with past Elliott Wave patterns and determine which pattern is the most likely to be the present pattern. A rating system for each pattern alerts me as to the degree of accuracy, and hence the trustworthiness of the proposed optimal interpretation of the data. A system of synchronization between the longer term chart pattern, the intermediate term, and finally the shorter term are utilized to drill down optimal entry points to each recommendation. When that time is near, entry price, stop loss price, and the "first third of position" target price are included for error-proof execution of trades. Once a trade is on, trade management is provided as well.
About Me
- John A. Shalvey
- Owner of Medallion Financial Consulting. 1984 graduate of Brown University with B.A. in Economics. 26 years of Financial Planning & Investing experience.
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2 comments:
Are you saying that a drop below 3887 indicates that wave 3 is down because of that fact that the wave B low was 3887?
A drop below 3887 would be further evidence that Wave 3 down was underway. Elliott Wave teaches that when a Wave 2, B wave gets taken out, that wave 3 likely is well underway. Often because traders have their eyes on this level of resistance/support, that wave 3 surges once it gets through it.
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