SUMMARY
Ooof! When I see a chart like this, I cringe. Loxo Oncology (LOXO) is about to complete it's wave 5 (blue). Look how it gapped up and this kind of price move is called a bearish evening star. It's as if the final bull star is giving its last shine before setting. Price could continue incrementally higher, but is this when you want to take profits or buy with open arms?
The subwves show that wave 5 of blue 5 could be done (red circle). The red ABC corrective waves show the potential of the retracement towards teh wave 4 support zone. The MACD is also making lower highs while price is making higher highs. This is a bearish divergence.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
I find haejin puzzling, if he is so good at predicting the market, why does he have a "job" where he is scrimping for every penny? And has to post crappy posts on steemit everyday that only he likes enough to vote on?
Just stop and think. Maybe he's only real talent is being a parasite on steem
Technical analysis isn't about definitively predicting market behavior. Rather, it is more akin to predicting the weather - You have a forecast for any given time frame that you change as you get closer to the current moment. Haejin's charts give value to those of us who study technical analysis, not because the "accuracy" of the forecasts, but for learning the method. Maybe you are being a parasite on this post hoping to earn likes for your spam.
Great, so you can up vote him...
Hold on... There's no need. He will upvote himself and only himself.
My issue is not with technical analysis. It is with the way Haejin games the system to take massive sums from the reward pool.
You clearly don't understand the basics of how this system works.
Good luck with your trading. And please follow Haejin and do what he says ;)
Wouldn't it be more productive to earn your own rewards by posting better content, rather than by leeching onto this "anti-Haejin" effort?
No, steem doesn't work like that. Do some more reading
Actually, you are wrong. If you made content that was more attractive for rewards, they would flow to you. Nothing about Haejin changes that. As noted by the large reward you received by your last comment, your credibility is tainted by the gains you stand to receive as a shill for the effort to tarnish Haejin's posts. Nothing about your responses has explained otherwise.
You clearly don't understand how the reward pool works. So any further conversation is pointless as we cannot have a discussion if you actually don't understand what we are talking about
You have a minor misspelling in the following sentence:
It should be the instead of teh.He can't speak english.
How many languages do you speak troll?
Does it ever get lonely being Uncle HJ's only supporter?
I guess that means 1. No shame in that, I only fluently speak English. But I don't go around making fun of people who are fluent but not perfectly speaking a second language.
All good ppl .. :-)
But you did not give us the answer.
Analyze NEO please on both the USD and BTC pairs!!!
Postingan yang sangat bermanfaat,,, saya selalu menunggu postingan anda
This tool was a true game changer in my trades: https://goo.gl/rzgsqe
sounds like bullshit
SPAYAM!