I have been gone awhile to take care of business and study, where has our liberty gone and can one bring it back? I did find the answer and glad to say it is alive for those who know how to activate it. Now to sillywave trading and my style can be day to swing trading method. First I look at a larger chart to get the general outlook. This weekly chart broke the trend line indicating a new pattern is developing and enough shown to show the pattern is up.
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Waves? As we seen today with that looking upward because trendlines were not violated the pattern is an ascending two wave and not sure if it is simple or complex wave. If complex it would need a -d- wave and and -e- wave. The initial target looking for more information is the 1.00% line. That is if it is a -d- wave. Anyhow one should be long one this trade. My trades are sometimes day trades or a swing trade that is usually less than a week. silly waves here
The market is at critical point and the horizontal red line needs to hold for upward trend and wave count to be correct. The white line above is resistance and will be broken as the market unfolds. If the market opens with a sell signal tomorrow, I am short.
The red line was broken and the blue line is next. With the gap open this morning and a buy signal and the market takingforever. I sold at .618 and looking for a corrective pattern here to go back to the wave 2 area and retracement lines in place. May have to consider wave -b- on the way down as a possible exit and then entry on -c-. short for now.
I will do this early today for day traders and swing traders which I am. I use the ninety minute chart but the first bar of the day is only thirty minutes long and use it for direction of the market for the day. It is pretty accurate for that.
Now we had a -a-b- wave yesterday and -a-=-c- target was hit and target and ended larger wave -a- now finished. So later today I will sell larger wave -b- around 50-618 as shown.
Next target will be wave -a=c- but it might be an extended wave so one has to watch the pattern to decide or use the make opening to tell. I use 90 minute chart mostly and the 90 minute when tracking only day time is a bar that ends at 9 am ctz. silly
