Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Showing posts with label GOOG. Show all posts
Showing posts with label GOOG. Show all posts

Tuesday, December 4, 2012

Elliott Wave Analysis of Google (GOOG)

http://wavepatterntraders.blogspot.com/2012/09/elliott-wave-analysis-of-google-goog.html

This pair pushed a little higher than i initially thought and just pushed just above the 2007 highs, which was a natural place for buy stops, the fact that its declined in a 5 wave decline suggests that there is a very high probability that GOOG is setting up for a strong break lower

With a 5 wave decline and a potential 3 wave bounce to the 50% retracement and inside the area of the prior 4th wave of one lesser degree, this is a good spot for a strong reversal

The bears need to see a strong break under $680 then $658 to confirm the advance is a likely a 3 wave and more downside is expected


So this could be a terrific play to buy some puts, as the expected next move would be under $560

Friday, September 21, 2012

Elliott Wave Analysis of Google (GOOG)

Potentially this could be setting up for a reversal as i can count a 5 wave advance, and its hit a measured target, although seeing a potential 5 wave completion does not automatically mean a reversal, we need to see some price action 1st

A swift break of $720 can be used an the initial clue, but ideally the NDX will reversal, and an idea i am tracking from the June 2012 lows potentially could see a reversal on the NDX upon the next price high

I will be watching both the NDX and GOOG for clues