In terms of weekly chart, the only sell high spot will be near 1580, which is the combination of weekly supply and 0.618.
That is still 1000 pips away!
Accordingly, with such a strong daily uptrend, I'll only be interested in taking long trades for quite a while until one of the following events happens:
1. it hits 1580.
2. it forms a new daily downtrend
Quant had an amazing run from late May through mid July. A correction was needed and it appears that it is complete. There was a perfect retrace to the bottom of the .618 Fibonacci zone. During the correction, volume decreased (bullish) and a nice falling wedge has been formed. It looks like this wedge could be broken soon because there is about to be a bullish...
Kingold Jewelry, Inc. engages in the design, manufacture and sale of gold jewelry and chinese ornaments. It offers gold necklaces, rings, earrings, bracelets, and pendants. The company was founded by Zhi Hong Jia in 2002 and is headquartered in Wuhan, China.
P/E Ratio (with extraordinary items)
I mentioned that ETH was due a retracement and here we are. Well, in fact it went lower than expected...
Can we see sub $200. The overall phase of the trend is on .618 now... So possible stopping point... But could also go lower down to 157 which is the 786...
AcelRx Pharmaceuticals, Inc. is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain. Its lead product candidates include ARX-04, Zalviso,...
I can see an opportunity here. Gold has retraced perfectly and bounced from 0.618 fib measuring from the last swing low.1420.30. 0.618 fib from the high gives us a target 1440.91 and there is some resistance there too. In between there is nothing until 1436.37 the highs from earlier in the month. I am going to look for gold to show some buying interest first, if...
In terms of weekly chart, this combination is quite impressive!
It is a good shot for not only trading but even an investment-level trade!
so there will be 2 kinds of thoughts:
1. wait for intraday setup after hitting 188 and take it as a short-term trade.
2. buy some long-term positions without leverage and put the out at least below 80.00
Let's see how it goes!