This trade has a great R:R imo. Just a couple of days ago some heavy flow came into the January $75 calls. Over $5MI in premiums. Price is bouncing off support and showing reaction. Stop loss can be just below support and target can be $75 / $80
Market finished 1 to 5 Elliot wave theory and we are forecasting that this is the end of an ABC correction because it is 0.382 fib zone and top of the accumulation zone. Entry: 65 Invalidation: 53 Target: 88 (middle of the accumulation zone)
ENTRY: 88.02 SL: 79.15 TP: 98.09 - ADX<20. Would like to be higher. - Daily RS +ve - Daily FFI -ve - Weekly RS +ve - Weekly FFI +ve - Maintaining and looks like rebounded well around pivot point "P". - Looks like possible channel movement off the bottom - Entry based on breakout from Swim Trading VZ and Monthly CPR today but prefer it closed above.
It seems we reached the end of an impulse, and that means there a new road going South. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets going down are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere...
AA cleared the earnings hurdle today and maintained prices levels despite another market down day. 1. Strong daily and weekly trend. 2. 4 bar squeeze. 3. Visible price levels and sitting at volume profile levels. 4. Commodity cycle with inflation to help with tailwind. 5. XME is at the top of channel and AA is strong within the ETF. Entry: 59.50, 58.05 and...
More debt - lower airfare prices - lower load factor- higher Jet fuel costs is a recipe for disaster. Factor in high unit labor costs thx to 6.8% Inflation, higher interest rates. and the situation even gets worse. Even if Airfare prices rose to 2019 levels. A perfect example of what a Zombie company is. Seeking to stay afloat and pay down debt rather than grow...
Found a little pi variant target around the 34ish area...
AA is doing great. Following the bullish channel. The next target is 56.78 PPS. NYSE:AA
You can buy AA target 54.65 stop loss 43.14 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
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Alcoa Corporation ( NYSE:AA ) Sector: Non-Energy Minerals (Aluminum) Current Price: $56.00 Breakout price trigger: $52.50 (hold above) Buy Zone (Top/Bottom Range): $53.90-$49.90 Price Target: $53.00 (1st, achieved) $64.20-$66.30 (2nd) Estimated Duration to Target: 86-89d (2nd) Contract of Interest: $AA 12/17/21 55c, $AA 1/21/22 60c Trade price as of publish...
aave broke below the previous zone of support from earlier in the year is now showing slight bullish bullish MACD on this recent lower low in price action previous daily candle also rejected the previous zone to the downside if price action can get back above this zone and the negative momentum begins to fall I will being to look to ride price action the upside...
Beware still, we are below geometric & Fib resistances. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave...
Trading Plan posted a week ago: Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle! Cryptos are...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all your questions regarding the Elliott Wave Principle! Cryptos are updated every day of the week and on...
Higher TF bullish trend with pull back Broken bear trend resistance and micro bull trend. Expecting another push up Initial profit target - resistance of the previous high Bull channel on a 5min chart Second entry buy which correlates with excess price.