Greetings! My name is Sid, and welcome to my blog. Sid's Charts is essentially a diary of the forex and futures charts I trade from every day. Each chart will typically include carefully considered Elliott Wave technical analysis, trendlines, MACD, and Fibonacci targets. Accompanying each chart will be additional explanations, commentary and predictions. Also included here are numerous links to many of the best trading education materials available. Enjoy, and thanks for visiting!
Wednesday, March 9, 2011
YouTuve video - Elliott Wave Analysis of Nasdaq - Trading a triangle
From an Elliott Wave perspective, the Nasdaq index, as well as the S&P may be in the process of carving out a triangle structure. This video shows how to properly predict the length of the thrust from a triangle using the Elliott Wave principle. Also, since thrusts from triangles are terminal, meaning they mark the end of a corrective structure, if the stock market does experience a thrust from a triangle within the next few days, my next video will show the subsequent predicted target range for the next wave, based on the most likely Fibonacci relationships it'll have with waves completed days, weeks, and months ago . . . Stay tuned . . . Sid