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You don’t need to be fearless to succeed at trading, you need to be smart. Smart beats Fearless every-time.
Remember the old adage: There are old traders, there are bold traders, but there are very few old bold traders.
1 285
Early in my trading career, I became interested in harmonic patterns. I thought I had found the key to the market, but then I realized that with some imagination they can be drawn anywhere 🎨🙆
🎁 Then I found Elliott Waves, a theory that fits perfectly with Fibonacci levels, trends and patterns.
👉 And this theory has not disappointed me.
🤔 Harmonic patterns are just a special case of waves, which doesn't explain market behavior at all and does not take into account many factors of technical analysis.
🔎 If you want to understand patterns, study waves.
🚫 Market movements are not harmonic patterns,
💚 they are Elliott Waves.
🚫 Don't make my mistake, don't waste your time on harmonic patterns, go straight to Elliott Waves.
😁 Then you will realize that harmonic patterns are for kindergarten traders.
1 285
LTTS trying to break the range. Consolidation above 4200-4225 zone and eventual breakout can be very handy.
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