There were postings over the last couple of weeks by many, on the obvious "The trend is up", when we were trading close to the top tick. So what's the read on the trendo-meter now?
Is it still up ? If so, would you buy the dip here ? If not here, where would you ?
Is it down ? If so, are you already short ? If not, where would you short ? Or if you are a one sided bull-only trader, would you go to cash ?
If you dynamically need to determine a entry point for long or short, would you let us know in real-time ?
Or if you belong to the group, which says "I have no clue", then the honesty is appreciated !.
My hourly is on a sell, but the daily missed the sell by a few ticks. I will update here, if my daily goes to a sell.
Let's see how many will stick their necks out and answer a honest trading question.
What does elliot wave say? Is it all over now?
Since your hourly has now gone to a sell, what do you do now? Sell on a rally? Wait for the daily to go to a sell, and then wait for a rally?
As for me, I think the trend is still up regarding the daily. However, I have not bought yet, I'd like to see something that looks like a bottom down here.
IT
Firstly, i don't trade on e-wave. Daily is still on a buy and so the e-wave has not yet confirmed a turn.
As for trading, my hourly is on a sell. So i will short the bounce.
I only asked about elliot wave because I thought you were conducting an experiment with it. Maybe the experiment is over? Either way, elliot as I understand it stands on its own, rather than as a confirmation device for your indicators, right?
IT