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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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From: Sendme12/3/2022 4:20:52 PM
4 Recommendations

Recommended By
ajtj99
Lee Lichterman III
Mevis
The Ox

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Patterns amidst the chaos.

I know it's easy to mark up patterns after the fact, but I believe it helps to learn from to try and help recognize them in real time.

My spike rule: look for some type of consolidation to follow.
I am not going to annotate every detail, but the completion of 5 waves would be a time to look for a potential short entry.



A couple of things I am focusing on more now.

1) I don't care about the Elliott wave specifics, but do try to look for obvious 5 wave and 3 wave structures.
2) The double dip pattern.

Green 5 wave counts are more impulsive since there isn't any overlap of wave 4 into 1.
Orange wave is overlapping, could signal the end of a move.
Red wave is basically an overlapping wave count that makes up the rising wedge.

Double dip pattern has become my favorite pattern to trade.

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