QUESTIONS AND ANSWERS
How does it work?
Once your payment is completed, I start the price action analysis of your chart. I'll contact you if I have a question or need more information. It typically takes up to 24-48 hrs to complete my work.
What's the difference between the Pro Analysis, Pro Analysis + Labelled Chart, and Monthly Subscription?
Pro Analysis - you receive one written analysis / recommendation.
Pro Analysis + Labelled Chart - you receive one written analysis / recommendation and an attached image of your chart with the most likely future price action movement, labelled using the Elliott Wave Theory (usually on a daily or weekly time frame within a relevant period).
Monthly Subscription - considering your goals, I proactively monitor your security by setting up custom alerts and keeping you informed about potential trading opportunities. You may cancel your subscription at any time.
What exactly will I receive from you?
It depends on your needs. My communication is efficient to the point that your finalized analysis may only contain a few sentences. I will engage all my expertise and experience to guide you towards the best outcome.
When the pattern is clear, I'll offer recommendations on possible price targets for trading opportunities. The following are examples of my work:
"PRO ANALYSIS" EXAMPLE
INQUIRY: My goal is to buy TSLA for $200 (the price is $210 today). Is this a good idea?
ANALYSIS: The daily price action suggests the stock is still in the corrective mode. A possible target within a month is around $180. If it breaks this level, the next target is $160 (this may be an excellent price to buy); I don't expect it to go lower than $150-$160.
On the other hand, once the price breaks the $205 level, it may be a strong indicator the uptrend has resumed and it may be safe to take a long position with a stop loss at around $195.
Keep in mind the earnings are coming up in a week; since the minor trend is down, it may be best to wait until after the earnings (the good news is that there is a strong divergence between the price and momentum suggesting the bearish trend weakens).
"PRO ANALYSIS + LABELLED CHART" EXAMPLE
INQUIRY: Almost a year ago, I bought Palantir (PLTR) for $14.15. Today's price is $8.33. When is the soonest I can expect to "get even" or make some profit?
ANSWER: PLTR has been in a downtrend since Jan 2021. While your break-even price is pretty good, it is also unfortunate because it stays above two major resistance points. I expect the price to reach $10-11.50 in the next month, however after that it's most likely going to resume the downtrend until about $5-$5.85 to be reached in 2-4 months.
You may have three options, depending on which way the price will choose to follow:
1. There is one bullish, but alternative scenario where the price could temporarily reach about $15 within the next 2 months, so you could sell your shares then.
2. Wait until the price goes to a new all-time low at about $5-.$5.50 and then try to average down (if the company's fundamentals are strong).
3. Sell some of your shares at the $11 price point in the hopes of buying them back at a lower price in the near future and speed up your future exit point.
Attached is a labelled chart showing the most probable (in my view) price action move (bearish). There are also at least two related corrective moves, which strengthens the bearish scenario.
There are some free chart alerts that give buy/sell signals. How is your service different?
These automated alerts simply take a bunch of indicators and read their values; if they are high/low enough, they trigger a signal.
The problem is, they don't provide a context which is crucial in trading decisions. It's like getting a notification about a prize without knowing the winning amount, terms, and the invalidation dates.
How do I look up the symbol on TradingView?
On the TradingView's main page, click on the "Search" link, start typing in your chosen symbol, and submit. You should be taken to the chart's page where you can copy the URL and paste it into the form above. In order to avoid confusion, I need the exact link.
How long have you been in business?
In the early 2020, I started learning the Elliott Wave theory on a full-time basis. It took me over
10,000 11,000 hours of active study to become a Master Elliottician (at least in my view). I've also discovered several new Elliott Wave guidelines and improved rules that have never been published.
What types of price charts do you work with?
I prefer to work with individual stocks, ETFs, and commodities, but also have experience with currencies and cryptocurrencies.
What time frame do you work with?
I start researching the data from the monthly chart, followed by weekly, daily, and intraday. I'll suggest the best time frame, if necessary.
What tools do you use?
Although I'm an Elliottitian at heart and trade, I always incorporate Japanese candlesticks, trendlines, Fibonacci ratios, moving averages, and momentum indicators in my work.
When I label my charts using the Elliott Wave Theory, I don't use any computer software because it is unable to discern different types of wave personality, wave proportionality on different levels, and the "right look."
In addition to the Elliott Wave Principle, do you also employ the NeoWave or the Harmonic Elliott Wave Theory?
The NeoWave Theory is based on the Elliott Wave Principle. However, in my opinion, the author made it too inflexible and complex to apply in real time. What made the original Elliott Wave Principle so brilliant was its simplicity, logic, and "controlled" flexibility. Nevertheless, the NeoWave Theory offers many advanced chart-reading tips and trading strategies not covered elsewhere.
Regarding the Harmonic Elliott Wave, it has some useful practical implications related to the impulse waves, so I tend to use it if the traditional wave theory is not 100% clear.
Can the price action be bullish and bearish at the same time?
Yes, but almost exclusively in the same time frame. That's why it's so important to wait for the confirming price action to correctly recognize chart patterns.
Isn't technical analysis a complete nonsense?
As one of my mentors would say: "Technical analysis is a language. The more you understand the language, the better trader you'll become."
If technical analysis was useless, trading bots and algorithms run by multi-billion dollar corporations wouldn't exist.
Should I use a "stop-loss" in my trading?
In general, I'd recommend against that unless you are a competent trader and try to protect an already-profitable trade. The market always tries to adversely affect investors by running "stop losses" on their positions. One little mistake in your calculations or predictions may cost you a lot of money.
I'm a "bagholder." Can you help me?
I think I can because I've been a "bagholder" myself and I know how it feels to buy high and anxiously wait for the market turnaround.
Probably the quickest way of breaking even on an unsuccessful trade is to average down, but only if you are confident it could be "the bottom" and there are no immediate risks, like a public offering or a reverse stock split.
A correct interpretation of price action is critical in avoiding potential pitfalls.
Any advice for new or inexperienced traders?
- Never be in a hurry to take a trade; waiting is also a trading strategy.
- Don't be influenced by social media posts or "pumpers." They often collaborate with hedge funds to lure retail investors into pitfalls.
- Learn your trading tools before investing real money.
- Don't place tight stop-losses.
- Look at a price chart without bias.
- Diversify your portfolio.
- Always consider selling when in profit.
- Be patient if you are a "bagholder" and avoid "averaging up" unless in a bull market.
- Remember that price action precedes the news and indicators.
- Trade in harmony with the bigger trend.
- Use higher time frames on your charts to have a more accurate market image.
- Divergences in price and oscillators (RSI, Stochastic, MACD, etc.) are not "immediately actionable" buying/selling signals.
- Monitor both linear and logarithmic scale in your charts.
- Avoid picking tops and bottoms as this is the surest way of becoming a "bagholder."
- Don't buy calls or puts unless you are an advanced trader.
- Don't rush to invest in an IPO stock as they tend to be shorted for a long time.
- Don't fall for the "buy and hold" strategy unless you monitor your investments closely.
- Recognize that sometimes the most profitable position is no position.
- Don't blindly follow the crowd; the market tends to do whatever affects the most people in a negative way.
Do you offer consultations on Elliott Wave chart labeling?
Yes. I can check your work and give guidance on proper implementation of the Elliott Wave Principle adhering to all the rules and guidelines.
Advanced traders, trading software engineers, and institutions may use my service to confirm their labelling or devise an alternative wave count strategy.
Feel free to send me an email for a quote.
Why should I trust you?
I'm not hiding my name and contact information. When I do something, I make sure it's done right to the best of my knowledge or not done at all.
Who will assist me if you are unavailable?
My job requires me to be online every day, but in case of an emergency my good colleague and a professional currency trader will help you out.
Do you offer money-back guarantee?
The nature of my work is research, so my service is non-refundable. Of course, I will not always be correct in my forecasts, but I believe the odds of success are greater than average.