Update – TED stock

I think it’s really important to show you FAILED trades too.

If you remember based on the DTosc positions a rally was signalled – this happened but it was tiny.

This is why it’s not SAFE to just trade off basic things such as Indicators – they don’t always work out – now what you’ll have to do if this chart is of interest to you is to follow it on as it progresses.

The WEEKLY DTosc is in the bear OS zone and price will rally to some degree, which will be confirmed by the bullish reversals of the Daily DTosc – the real KEY in all of this is to not only have the Multiple Time Frame Indicator positions in unison but ALSO Pattern, price and time all in a healthy zone for reversal.

As mentioned in the previous blog post on TED – the weekly chart indicates an Elliott Wave pattern, whether that turns out to be correct we are months away from – but the pattern is BEARISH, HOWEVER,

Depending upon how you “see and look” at the Weekly chart you could also label that bullish too (not from an EWP point of view) – one thing is for absolute certain – one side will win – EVENTUALLY.

The point I’m trying to make here is DON’T get hooked on a particular outlook – once you do that you will be dragged down the path into a dangerous breeding ground of having to have the correct and right outlook on what the market will do – you do NOT have the power to do that!

As can be seen – My outlook based on the Indicator was WRONG – you’ll probably find that it’s now in the position I had hoped it was in previous for a decent rally, but its not guaranteed.

I wrote this post on Tuesday 4th April 2017 – but have scheduled it for publication Sunday 9th April 2017.

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