ONE OF THE MOST PROFITABLE PATTERNS IN TRADING ON DISPLAY NOW!!!
Take a look at the pattern that is now forming in the Rail Complex. It is a textbook Elliott Wave pattern known as a Zigzag. You can make a fortune trading just the "C" wave portion of this formation, as it appears on all liquid highly traded, stocks and broad based Indexes, and on all time frames.
If the presumed "count" that I have for the major indexes is questionable, I will often scan other liquid, large cap stocks and indexes that show a clear pattern such as this and use that to confirm entry or exits, or "time" the major indexes that I trade.
This is a very reliable pattern but WILL fail sometimes, but not often. Do not enter too early, as the e wave of the b wave, or the the final actionary wave of the triangle formation (e wave) often breaks down (or up) beyond the boundary line and will clear out stops. good luck!
If the presumed "count" that I have for the major indexes is questionable, I will often scan other liquid, large cap stocks and indexes that show a clear pattern such as this and use that to confirm entry or exits, or "time" the major indexes that I trade.
This is a very reliable pattern but WILL fail sometimes, but not often. Do not enter too early, as the e wave of the b wave, or the the final actionary wave of the triangle formation (e wave) often breaks down (or up) beyond the boundary line and will clear out stops. good luck!