Guided Tour

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The trade set-up is confirmed visually on the chart itself as, by double-clicking on the chart name from the Scanner list, the set-up analysis found by the Scanner is projected automatically onto the chart:

The software automatically displays the three essential criteria for a standard MTPredictor trade set-up:

A simple ABC correction - here, a correction down against an uptrend for a TS3 low
The corresponding pink Typical Wave C WPT (Wave Price Target) support area
The price reversal bar, coded blue for buy

This confirms that HSY was potentially in a simple ABC correction down, reversing off a good support area (the typical Wave C WPT here) and showing signs of price reversal up. Time to consider a new Long trade.

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Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person's investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. By purchasing the MTPredictor program, you acknowledge and accept that all trading decisions are your own sole responsibility, and MTPredictor Ltd, MTPredictor.com or anybody associated with MTPredictor Ltd including S. E. Griffiths and A. P. Beckwith cannot be held responsible for any losses that are incurred as a result