Replies to Post #207842 onTriple 000 and Sub-penny Chart Plays

Replies to post #207842 on Triple 000 and Sub-penny Chart Plays

Replies to #207842 on Triple 000 and Sub-penny Chart Plays

04/27/20 2:09 AM

#207872 RE: trader53 #207842

1920 - 2020 - Bear Market Comparisons

Buy after an Elliott Wave 5-Wave Decline

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The Elliott Wave 5-Waves Sequence

A Basic "A,B,C Corrective Wave"

https://www.metatrader5.com/en/terminal/help/objects/elliott/elliott_theory

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Elliott Wave Basics
http://www.acrotec.com/ewt.htm

Elliott Wave Theory
http://ta.mql4.com/elliott_wave_theory

Buy after an Elliott Wave,
5-Wave decline sequence !

A Basic "A,B,C Corrective Wave"

Buy, ONLY when the stocks price,
is trading under the Blue 8-day M.A.
when the Blue 8-day M.A. is under the Red 34-day M.A.

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The above weekly chart shows that the stock market
does not go down in a straight smooth line
but that the downward journey through a bear market
is actually quite a bumpy ride.

The 1920-1921 Bear Market

which started in November 1919
lasted for two years
and the Dow Industrial Average
dropped around 45%
before bottoming out.