Everyone has different perspectives so by overlaying all of the possible wave counts you're able to see everything. I used to always have one pattern that I tracked but sometimes these patterns will change into something that I did not expect. To mitigate the risk from not seeing what else is out there, I've chosen to overlay all possibilities to discuss the current investment environment and choose the best pattern that fits the current economic climate. Some may say that this is a new sub theory to the Elliott wave theory. If you agree, let me know and maybe I'll write a thesis about it. Till then, remember the true meaning behind the rainbow!
Trade closed: stop reached:
Corruption has reached new heights. Biggest NFP trick in history. Last month we had 20 million+ jobs lost and the market goes higher. This month we were forecasting 7,750,000 lost jobs but we have an ADDITIONAL 2,509,000 new jobs added. How does this make any sense? Did some billionaires hire 10 million people to do riots for George Floyd? What is this!
Trade active:
Longs still look good
Comment:
Please look at the newest chart for the updated changes