Here Is Why Simple Methods Are Better
I still don’t understand
Elliott Wave theory. How do you count the waves correctly? It is too
complicated for me.
09:50:32
Alert
Qualcomm (QCOM)
is trading slightly above its 20-day EMA, and it is attempting to take out
yesterday’s high. QCOM is up 13 cents at 35.09.
As you can see below, QCOM closed above its trading range yesterday. Also
notice, a rising trendline is still intact. I don’t want to short QCOM.
Now switch to the 3-minute chart. You can enter as soon as the stock trades
above yesterday’s high, or you can wait for the first pullback.
Let’s keep trading simple and clean.