A good trader can put together different tools and take a position in a market. Reading supply and demand combined with cycle analysis, such as Elliott Wave, is the foundation for profitable trading. One big mistake in the Elliott Wave theory application that beginners make is trading because they expect a wave over when there is no way of finding the end of a wave without supply or demand validation. A trader who triggers the trade based on feeling or subjective thoughts is gambling.
This week im focusing the narrative on finding the end of a wave professionally by applying support and demand concepts with the Elliott Wave price structure on the EUR/USD and SXP500.
Juan, Always appreciate your market descriptions. Thanks, JT