FJ

On #ElliottWave, trading, mindset. Forecast-only since this year.

[FJ @FractalJournal]

Brent appears to be forming a local ending diagonal. In this configuration, ideally, price should make another lower low before breaking above the upper border line, which would confirm the pattern’s completion and the end of the bearish zigzag.
$brent #oil #elliottwave

[FJ @FractalJournal]

$brent #oil #elliottwave

[FJ @FractalJournal]

Trading: Price Spread
https://t.co/z4udYdPQiX

[FJ @FractalJournal]

$brent #oil #elliottwave

[FJ @FractalJournal]

Following the path, Palladium likely completed its larger correction on March 23 and now presents a long opportunity. Still, due to the semi-corrective nature of the LD, "(1" may turn out as "(X", leaving room for further downside.
#palladium #commodities #elliottwave

[FJ @FractalJournal]

#palladium #commodities #elliottwave

[FJ @FractalJournal]

#eurgbp #elliottwave

[FJ @FractalJournal]

$doge #elliottwave

[FJ @FractalJournal]

XRP reflects the current state of major crypto (along BTC, LTC, ETH, SOL, DOGE): still corrective in the longer term, the market can expand either way. SOL has an even tighter HT-like compression than this, while BTC is just in a complex correction.
$XRP #crypto #elliottwave

[FJ @FractalJournal]

$brent #oil #elliottwave

[FJ @FractalJournal]

There might be another swing higher before the final plunge.

[FJ @FractalJournal]

$btc #elliottwave #trackrecord

[FJ @FractalJournal]

$btc #elliottwave

[FJ @FractalJournal]

$spx #elliottwave

[FJ @FractalJournal]

$spx #elliottwave

[FJ @FractalJournal]

#usdcad #elliottwave

[FJ @FractalJournal]

@OneShotPC @ewstrategy That’s a leading diagonal triangle, it can subdivide into either 33333 or 53535, but it isn’t a trustworthy pattern until confirmed by further price action.

[FJ @FractalJournal]

$brent #oil #elliottwave

[FJ @FractalJournal]

@samuraipips358 Douglas didn't clarify that in the 4-hour lecture video, as far as I remember. So, the impression it left was that if after 20-30 trades you don't at least break even, something is wrong, which can be either the method or execution. I don't remember the book though.

[FJ @FractalJournal]

$spx #elliottwave

[FJ @FractalJournal]

#eurusd #elliottwave

[FJ @FractalJournal]

#eurjpy #elliottwave

[FJ @FractalJournal]

@tradesbyrina @samuraipips358 The key point is to write down ideas and review them approx. once a month using this diagram. You can simplify it even further. The rest, as far as I remember, is about clarifying your goals, keeping things organized, etc. It works well along the philosophy of minimalism.