StageInvesting +Elliot Waves

Just open the chart on TradingView.com on Investing.com - go to weekly option- from indiacators add EMA ( exponential moving averages ) - have 3 EMAs at least - 10 ,30,40 .

On daily charts, same EMAs would act as 10 days averages, 30 days averages, 40 days average.

On weekly chart, these would be 10,30,40 week averages ( 50 days,150 days, 200 days).

Managing initial entries is important - for that many a times, exit can be done at various indicators :slight_smile:
a) breaking of 20 Day moving average ( put Bollinger band from indicators on dialy charts, the centre line of Bollinger band is 20 DMA.
b) Exiting when it akes a Swing Low ( read Dow theory from internet- Higher HighmHigher Lows, Lower High,Lower Lows etc)
c) Other simple method can be putting MACD from indicators, exit when it gives sell sign. ( bit tricky as many a times it whipsaws and can give late/early exit)

But start trying using these , you would get some experience.

Technical investing is for people like me - who are neither CAs (don’t understand much of the balance-sheet) nor have time/resources to scuttlebut. We tend to ride on the shoulders of fundamental and institutional investors - who invest after doing lot of research, When they buy -volume and price give enough indications for the people like us to ride along-with them.

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