been watchimg lots of anil mangel vids which has given me a insight of how the market moves and wot r the possible moves and outcomes
so ive been studing CORRECTIONS and CORRECTIVE PATTERNS which all my analisis is now based upon BIG SHOUT OUT TO MR MANGEL
so this first chart is where i start my analisis always on a daily chart to give me a bigger picture
as can see always focusing on simple corrective patterns until the chart tells me otherwise that a more complex pattern is being developed
so this chart shows two simple 3 wave patterns
a 3 wave within a 3wave
so as simple corrections go im happy that the purple 3 wave correction COULD now be complete
which contitutes to the b wave of the bigger move
so where price is now potentionally upside could be on the way
all i need now is a set up im happy to trade
starting today im hopefully going to be a better trader
with my trade outcomes being 1 of 4 things
small loss
breakeven
small win big win
next chart i post will be 4hr then 1hr to look for setup
if anything i have learnt THE MOST IMPORTANT PART OF TRADING IS WAITING WAITING WAITING
IF THE WATERS TO DEEP DONT GET IN
so ive been studing CORRECTIONS and CORRECTIVE PATTERNS which all my analisis is now based upon BIG SHOUT OUT TO MR MANGEL
so this first chart is where i start my analisis always on a daily chart to give me a bigger picture
as can see always focusing on simple corrective patterns until the chart tells me otherwise that a more complex pattern is being developed
so this chart shows two simple 3 wave patterns
a 3 wave within a 3wave
so as simple corrections go im happy that the purple 3 wave correction COULD now be complete
which contitutes to the b wave of the bigger move
so where price is now potentionally upside could be on the way
all i need now is a set up im happy to trade
starting today im hopefully going to be a better trader
with my trade outcomes being 1 of 4 things
small loss
breakeven
small win big win
next chart i post will be 4hr then 1hr to look for setup
if anything i have learnt THE MOST IMPORTANT PART OF TRADING IS WAITING WAITING WAITING
IF THE WATERS TO DEEP DONT GET IN