Every week I record a new educational video based on recent developments in the markets You can watch a new video on
a page “Free Video Lesson”.
Every lesson is available for free for a few days until a new video is posted.
All the lessons posted earlier were added to
my video courses.
The New Video Lesson is reviews a micro structure of a complex corrective wave -B- up in ES mini at the beginning of March 2020.
After ES mini made a major top in Feb 2020 in wave ( 3 ) up it started a large corrective wave ( 4 ) down. The first leg down in subwave -A- of wave ( A ) of ( 4 ) down bottomed at 2,842 on Feb 28, 2020.
This video reviews a pullback in subwave -B- up that followed that first leg down.That pullback came as another complex corrective structure that propelled the price higher for almost 300 points in a matter of several days.
This video lesson explores in depth uncertainty about the way how we could count waves in that corrective structure. It could be counted either as a Regular Flat or Double Three. And the main point of that video is that despite that uncertainty about the price structure I still managed to nail the very top of that pullback. In the video I explain how the Five Wave up fractal helped me to nail the top.
Another interesting part of the story is that same fractal let me accurately forecast the final pop that was induced by breaking news about surprise rate cut by FOMC.
On the chart below you can see that at 8-35 AM on March 3, 2020 I confirmed in update to subscribers that ES was still in need to make another final push higher.
As you can see below, ES delivered that expected pop by 10-00 AM.
That final pop was market reaction to unexpected interest rate cut by FOMC.
That is yet another case that proves a trader does not need to follow news because the price structures tells him in advance about upcoming moves even if talking heads on TV will later explain that move by unexpected news events.
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