ELLIOT WAVE THEORY Sbb previously i tanye psl third of the - TopicsExpress



          

ELLIOT WAVE THEORY Sbb previously i tanye psl third of the third and fifth of the fifth kannn..so, please understand the wave behaviour dulu.. Wave 3: Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to get in on a pullback will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave threes midpoint, the crowd will often join the new bullish trend. Wave 5: Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed #sniperzelite #grpcoachingsniperz #jomsniperz #ffp
Posted on: Sun, 24 Aug 2014 15:57:58 +0000

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