It is start of A new Bull Run. Major swing has been replicated. If last swing low breaches, idea fails.
Is this start of wave 5, if yes then price target is upper parallel line(in blue) and not red median line. All elliott wave analyst's please guide. I do not know anything else, I am only in love with Swings.
"This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.
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Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
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Pitchfork lines of minor reaction legs are still valid (Ideas dated 31st Aug2020: Beat on a line that is working until it Beats you); only difference is that now that minor has grown into a major.
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See they are all same.
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CORRECTION IN ACTION REACTION LINE SET.
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Action is the historical chart movement and reaction is the future price movement.
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ANOTHER SET OF ACTION REACTION LINE (METHOD 3)
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CURRENT SLOPE OF PRICES
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Can second action reaction set of lines work (see update dated Oct 05) ? if so 23250 is coming. We will see price behaviour at 23250
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ABOVE IS ALL DONE WHAT NEXT?
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NEXT PIVOT LOCATION BASED ON ACTION REACTION LINES
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Bingo target given in original idea is done, is this holy grail?
