Sunday, November 24, 2013

Nov 24 analysis

trying these strategies to trade:

1) alligator + fractals 
2) AO + Saddle point
3) 5 magic bullets

Couple of days back all the 3 methodologies were suggesting an end of the trend. 
Now strategy 1 suggests a downward trend. 

Daily charts point to a 3 wave down going on for last 2 days
Weekly charts show this maybe a wave c down at the end of the trend or part of wave 4 larger degree. 

Another strategy still to figure out is pivots and fibs retracements. 

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