Navigating the markets with Elliott Wave adds a compelling view of the price action. The price action that happened will happen again but in different magnitude and shape. This week in some of my favorite trading plans, the EURO is catching my attention. After a bearish trend, the market started to bounce, signaling an excellent probability for a bullish reversal.
The Yen is at a market top possible distribution in progress. Once the price action confirms the top, a short trade will happen. The S&P500 is in a weak bullish trend. If a bearish Elliott Wave impulse shows up, sellers will start showing their intention. Oil is beautiful for a day trade, finding the end of wave 4 to short and target the 50s area.
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