Potential Wave V UP

It feels like 95% of the people in the room are Bearish.... We know that ~95% of Retail Traders are wrong... some say 80% whatever it is a majority that lose, so often wrong.

The last 7 trading days were hellish for Bulls, just like 2018 was hellish for Bulls (wave 4 year) refer back to my 30 year Elliot wave study.

Time will tell, but don't give up the idea we MAY still rally into the Election.

Yorum:

Another day of selling, after a nice rally at the opening. Eight days of RED in a row, without a single green candle... Some hope for the Bulls in terms of technical analysis.. We bounced off the 200 EMA and returned to the 50% fib retracement of the last rally. Mortdiggiddy's RSI Divine strategy offered up a buy signal in the 4 hour chart, as did ShawnZ's BB strategy in 30 mins. I do feel honored by the list of Traders who agreed with my Idea.. Traders I respect like topo54, TradingView the official trading account for TadingView.com, ComboTrader... we will see, he who laughs last laughs hardest.

Yorum:

The Daily 50 EMA has crossed over the 200 EMA, a generally accepted condition of a Bear market... Shooting Star Dojis, Bearish Engulfing Patterms, Gravestone Dojis.. 10 down days in 11. I have offered a challenge to Traders to find one post where I was wrong, this one might be it. LOL It's now or never markets Rally of DIE.

Yorum:

Well, well, well it took a little longer than expected, and if we are being honest in a given moment in time the odds are 50/50 % going up or down, but in the end this prediction came true, like all the others over the last 5-6 yeares, now I am looking at overbought conditions.