Trading Analysis based purely on Price Action as taught by Nial Fuller at www.learntotradethemarket.com. All I post here are setups which i see fit to trade win or lose.
Thursday, 21 January 2010
FTSE/DAX/S&P Analysis
Is it safe to say P3 has started even after that drop? I hope so and the counts look pretty good to confirm it
FTSE comments on chart
Dax has counted pretty perfect all the way from the top and continues to do so. So far ive counted it as standard 1-5 waves whenever the waves have played but as we're in wave 3 there is a possibility of a extension which could mean further heavy drops.
S&P looks the same as the Dax pretty much but with a double top on the daily chart. Also the Dow has invalidated that FTSE bullish count i got drawn.
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