FTSE 100 Elliott Wave Weekend Review

This is my interpretation using Technical Analysis and Elliott Wave Theory to look at the FTSE 100. Elliott wave is my preferred tool when looking at the stock market, I believe that it can work to reflect the "psychology" of the market quite accurately.


I am NOT a very experienced trader or technical analyst, but I am very interest in developing my skills and welcome you to share your experienced and advice so that we may both learn from it. Nothing in this video should be taken as investment or trading advice.


Joes Youtube video (Please watch and subscribe):
http://www.youtube.com/user/ElliottTrader

John Pipers Website (Recommended Subscription Service):
http://johnpiperstrading.com/


Please let me know what you think and feel free to leave questions or general comments.

Category:

Education

Tags:

• FTSE
• 100
• Dow
• Jones
• Elliott
• Wave
• Theory
• Robert
• Prechter
• Technical
• Analysis
• S&P
• 500
• Gann
• Financial
• Trading
• Charting
• Schiff
• Stock
• Market
• Wall
• Street
• Crash
• Broker

[Schweizer135]

What is wrong with the audio?

[Andronichuk]

Hey Schweizer, I'm going to re-record this video in afew min...

Just noticed the poor audio now.

Recorded it, Uploaded it and went to sleep lol. should have checked..

my appologies

[ElliottTrader]

Very, very good - Max. I like how the "A" wave did not get labeled until it broke above the upper parallel trend line. This is a key rule as shown in my first video and you seem to have nailed it. As to the "B" wave, down, my view is that they 'usually' stop and are reflected by that same upper boundary. That this one did not, likely means that "C" will be the weaker of a 50% vs 62% retrace, same as you suggest. But if prices are now above that upper channel line, "B" is likely over. Keep it up!