Despite the chaos with Credit Suisse European banks in General are printing some excellent setups. What is the reason for this? No idea.
On the above 2-month chart:
1) A strong buy signal (not shown) prints with price action breakout from resistance that has been active since 2007.
2) Regular bullish divergence. No less than eight oscillators this time. Four to five oscillators printing on this time frame is incredibly powerful but eight?!
3) Inverse head and shoulders pattern. Confirmation is price action closing above 10.50 and staying there or above for a week or two. On confirmation a target of 21 euro should be expected.
4) The yellow line is the 21/2-month EMA. Notice the first attempt to hold as support has failed? (Orange arrow). This was the first attempt to hold as support since July 2005. Confirmation of support is price action at 10.50 and above by the month of May.
5) Almost EVERY idea on tradingview is 'short' / Bearish! Ww is the 5%. What in?
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 110%
Stop loss: 7.20
On the above 2-month chart:
1) A strong buy signal (not shown) prints with price action breakout from resistance that has been active since 2007.
2) Regular bullish divergence. No less than eight oscillators this time. Four to five oscillators printing on this time frame is incredibly powerful but eight?!
3) Inverse head and shoulders pattern. Confirmation is price action closing above 10.50 and staying there or above for a week or two. On confirmation a target of 21 euro should be expected.
4) The yellow line is the 21/2-month EMA. Notice the first attempt to hold as support has failed? (Orange arrow). This was the first attempt to hold as support since July 2005. Confirmation of support is price action at 10.50 and above by the month of May.
5) Almost EVERY idea on tradingview is 'short' / Bearish! Ww is the 5%. What in?
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 110%
Stop loss: 7.20
Trade active:
Double bottom prints almost 1 year exactly after the last bout of bad news and strong probability signal.
Daily chart - Long like Donkey Kong.
Daily chart - Long like Donkey Kong.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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