@otheloThis one is joining @obeiro soon meaning? i am a bit knew with some terms

ok. get it now.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

the bear is really biting.even with the coal deal for 200b its not sparking any hike??

Good job @karasinga. TA aka cartoon world (charts) is very lonely lounge Other TA fans are SPT, metaspoilt, sparkly, mnandii, aluta to mention but a few.

From price action across the NSE20 components, majority are indicating lower lows lining up. Waiting to see what Mr Market decides to do when it touches 3300 handle or lower. But we're getting to the extreme side of things. The next bull will also respond in equal measure as the pendulum returns.

the pride of Africa has raised its head now. let's see what happens. minimum 5.3........

Following. This bear is tearing down other stocks. Will KQ suffer the same fate? Bold stand by Obiero.

me like this.
1. bullish engulfing candle
2. rotation
3. High volume
4. All happening in an area of interest

How is ARM fundamentals like?
will post the chart later. baby steps...

STATEMENT DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis

May be it shall be third time lucky.. Sometimes investors have to turn into traders

dont be hard on your self obiero. sometimes this happens.

As traders we must always have an expectation on price. We must consider the context of price to structure and have an expectation as to what price is likely to do next. One of the most important questions we can ask ourselves is "What does this mean?". Based on this conclusion we can then have an expectation on price behavior and forecast a future path. did i have any expectation b4 market did what it did? yes. look at the first target and orange trendlines on the chart all missed by a whisker. could be elliot wave expectation of wave c of 4 completed at a high of 4.8. but that is what it is, it the past. let now focus to what mr market has in store for us. learning continues. I am learning a lot from this bear for a bull to come

@spikes. you've said it well. Let me quote Hamilton Bolton. He at one time said," As we have advanced through some of the most unpredictable economic climate imaginable, covering depression, major war, and postwar reconstruction and boom, I have noted how well Elliott' s wave principle has fitted into the facts of life as they have developed, and have accordingly gained more confidence that this principle has a good quotient of basic value."

The wave principle is Raphael Nelson Elliott discovery that social, or crowd, behaviour trends and reverses in recognizable patterns. using stock market data as his main research tool, Elliott discovered that the ever-changing path of stock market prices reveals a structural design that in turn reflects a basic harmony found in nature. many areas of human activity follow the wave principle, but the stock market is where It is most popularly applied.

Some say it is subjective while others say it is an unapproved theory. I say, it can benefit me improve my trading in several way.
1. It identifies the trend
2. It identifies countertrend price moves within the larger trend.
3. It determines the maturity of the trend
4. It provides high confidence price targets
5. It provides specific points of invalidation.

that said, I believe with good data and in combination with other tools in the market can be an arsenal.

no market is random. In my learning, I hope to make it my task to find market's natural order and exploit the opportunities.

baby steps...