Weekly demand in control at 38.68 creating new areas of demand on the daily. Price fell short of retracing to the long lower at weekly demand distal line. Long bias a new areas of demand. Potentially creating the base for a new Daily demand at 41.46
Colgate Palmolive D1 demand already playing out, last couple demand zones worked pretty well. Longs at WK DZ around 875 or at new areas of demand if it keeps on rallying and breaking higher.
It's likely that wave is on the way, so I'm going to buy on the nearest correction, which is wave .
I'm going to buy only after wave ii ends and the small first wave inside wave iii be on the table.
Usd keeps going down to uptrendline, if this is broken, probably reach the 1,10668. If not the price validate the uptrendline and it will show a new bullish impulse.
Bulls are likely going to deliver wave the third wave
www.alfazen.se next forecast update 7 am (CET)
Normal day @alfazenForecast - ca 68% correct prediction. See www.alfazen.se Next forecast @ 7am CET
we don't know the full outcome yet but so far so good.
Since our predictions have not reacted negatively to the jump (the should have) at all we take a positive stand for this stock! Our stand is against our "rules" to take any position close to a report - but lets have some fun!
alfazen algorithmic forecasts react on macro events that are outside the scope of the technical analysis domain - here are 4 clear examples from next week forecast where the forecasts completely unreliable.
Reserve your spot for a demo of the new Profit Wave Alerts t.co
PepsiCo Inc. NYSE:PEP has recorded second quarter profits of $15.395 billion, ahead of the average analyst estimate of $15.37 billion. One of the spin offs of this is that the company’s stock prices have been moving in the right direction, reaching an all-time high of $109 per share on the NYSE on the evening of June 6, 2016. Earnings per share ended at $1.35,...
talk about a croc of shizza. if there is one thing i learned from trading, it is this: don't use fancy systems to make good returns. keep it as simple as possible. you don't have to trade. in fact you can always invest and double down when the market is wrong about price. you simply cannot predict price action. trading psychology (if there were such a thing) will...