ironmaiden
Long

Time to launch long positions in CME Group?

NASDAQ:CME   CME GROUP INC
32 0 0

It dawned on me quite a long time ago that simple trend lines and Fibonacci retracement levels are the best tool for people who are afraid of elevated risks and are not looking for big profit. This is usually the case for calm speculative traders with a modest appetite and mid-term investors. As for today’s trends, just look what Fibonacci retracement levels were seen in CME Group stocks. What a strike in the Fibonacci 161.8% retracement level. It’s looking really great.

Needless to say, it’s a little late to trade short, as chances looked better at 100. Meanwhile, it might not be a bad idea to launch long speculative positions from the upper bound of the 2009 rising band at USD 90.

I am competing in the best market forecaster contest and would appreciate your vote for my efforts by clicking here: http://iironmaiden.whotrades.com/blog/43717475199
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out