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Coronavirus Crisis Has Not Reached Its Peak

It has been a week since I posted my previous article but the S&P 500 stock index has managed to decline from 2800 to the low of 2475. On the whole, since February 20th, the decrease in the S&P 500 has amounted to 28%, which is the greatest decline of the index in the last 10 years. The current situation can easily be called a crisis, and its reason is not some overheated economy or a bubble in some sector but a virus.

Andrew's Pitchfork - Efficient Graphic Instrument

Andrew's Pitchfork is an instrument of graphic analysis based on the middle trendline and an equidistant channel. Unfortunately, this method of trading and analysis is not very popular among traders; however, it seems to be perfect for drawing a channel quickly and trading bounces off and breakouts of its borders.

Turtle Strategy: the Oldest Way of Trading

The Turtle system features clear rules of entering and exiting the market, understandable to beginners. It is important to comply with them strictly, as well as with the market management rules, such as the risk of 1-2% per trade.

Trading with Heiken Ashi indicator

The Heiken Ashi (translated as "middle candlestick") indicator is just another way of representing the price chart as candlesticks, different from the popular Japanese candlesticks. In essence, it is an alternative way of drawing a price chart by averaging. The Heiken Ashi indicator is featured by many popular trading terminals, including MetaTrader 4 and MetaTrader 5.

Elliott Waves: Theory and Practice. Part 2

In this article, we will speak about the inner structure and the peculiarities of market waves. We will discuss the multilevel model of the market cycle and its consistent parts – subwaves of various complexity and levels.