Hey guys listen up.
Fibo trader preaches only one thing Elliot wave theory, no other trading style. But guess what,
@fibo_trader doesnt understand Elliot wave theory! Or maybe he does but he just likes to lie to us.
Here's a basic intro.
Wave 1: In Elliott Wave Theory, wave one is when the first wave of a new bull/bear market begins.
Wave 2: In Elliott Wave Theory, wave two corrects wave one, but can never extend beyond the starting point of wave one.
Wave 3: In Elliott Wave Theory, wave three is usually the largest and most powerful wave in a trend.
We'll stop there for brevity.
So here's the basics the very basics and this shows how fibo doesnt understand the one thing he posts about EVERY DAY.
1. "wave two corrects wave one, but can never extend beyond the starting point of wave one."
If your market sets a new high you are not in a bear market! Did fibo not see the Nasdaq setting new all time highs (in what fibo says is a Bear market).
2. When wave 2 is complete wave 3 THE BIG Down wave starts. On June 5th
@fibo_trader calls wave 2 COMPLETE!
But Fibo the markets are still going up like I told you they would!
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"Wave 2 complete". He even date and time stamped it!
9:43 AM, Friday June 5, 2020 ................. Los Angeles, CA
Bear Market almost ready to resume ....... March 12, 2019 posted at ET
This is Fibo - Stumbling from failure to failure with no loss of enthusiasm for 13 years (a fibo number).
www.trade2win.com
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So as of June 5th markets were going to see the biggest crash since antediluvian times - his words!
Just in case we didnt get it he doubles down (losers average losers fibo).
"Repeat and reminder of utmost importance .......................... from original post on June 5th, 2020
- Wave 2 is complete "
Bear Market almost ready to resume ....... March 12, 2019 posted at ET
Every subject under the sun except a real time trade, I rest my case!
Why? because he cant trade and doesn't want you to know it. He is no longer Fibo he is now FOBFO (Fear Of Being Found Out).
www.trade2win.com
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The brits are a civilised race and we banned freak shows long ago but it appears T2W is still allowing the general public to gawp at a freak for entertainment purposes.
Time to close down this victorian cirus show, no one wants to see
@fibo_trader the bearded lady dwarf anymore.