Hey everyone, Coca-Cola is taking a break as i prognostated. Now it seams like it is on it's way to wave B, which is a Long opportunity. After that, the stock likly will go back down again. A good chance to add something to your short position.
If you are short atm, you could close that position instead of building it up as soon as the stock goes to wave C.
Very much fun with that trade! Leave a follow please, my goal is 200 :)
@dane4, EW are basically made for indexes and markets whit a high amount of participants. It's pure psychology and doesn't works on markets with low volume. you can't use it on every chart, that's true. Don't force it to fit on every chart, your experiance will be bad. But as soon as you can spot kind of repeating pattern (and EW is some kind of repeating pattern) feel free to gain experiance :) Best for you my friend!!!
dane4
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@Julian_Franz, Yes they are great after the move has already been made. Rarely have I seen price follow a count. Just like the ABC count you had.
QuantinvestGER
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@dane4, sure, it's not allways the way it goes, but i have great experiance with that. but as allways, it's about waiting for the breakout :)