Weekly trading plans: EUR/USD and SPX500 [Video]
|Elliott Wave is the best tool to analyze the markets and find high probability trading setups. Once we find the wave count, the next step is to validate the cycles we are seeing. Here is where technical analysis jumps in. We can use any tool such as trend lines, moving average system, price action, etc. To trigger the trade.
With Elliott Wave, the risk and targets are defined. This week we are looking for a leg down on the SPX500 and the EUR/USD. Once we have a new low, the waves tell a buying setup will show up.
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