Looking for Elliot wave number 5 to take us up.
Eyes on the horizon. Dig in.
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As fun as it is to practice patience, I will look for some more immediate action setups.
Bank of America is again near it's all time highs, close to testing again for a breakout. Earnings this week should confirm movement on the strong uptrend that we have seen since March lows. There is a slight divergence on the RSI indicator. The daily timeframe shows a toppish move on the stoch RSI, as well as MACD turning slightly red on the daily. Should BAC...
IMO, we are in the most critical days of Bitcoin rally.
We should consider all the possibilities..! Why? Because at the end of the past bullish rallies Bitcoin experienced a massive correction of 83-86%..! What makes it more interesting is that Bitcoin corrected -27 to-35% just in the first month.
At this moment I believe Bitcoin is not either a buy or sell. For...
As you see in the charts, stocks tend to move in clusters!
Bank of America, Wells Fargo, JP Morgan Chase, and KBE(bank ETF) all have made the same price pattern..!
all shows stormy Days coming, if you have banks' stocks, maybe it could be a good time to trim your position..!
Buy put 38 March 26
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live...
Chart looks very similar to $XLF, reaching the 1.618% Fib and extending further into a final push to the upside. I expect a pullback once volume dries out in these financial stocks.
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While the bond yields are going up (cost of borrowing), the sector that would greatly benefit from
news like this is no one else but our good old banking sector. It would be a good risk-management in these
fluctuating days to have some bank stocks in your portfolio. Here are some possible support points for
BAC. We would recommend buying more each time it gets...
top of channel / ABC or WXY complete from march lows after triangle breakout in late oct/early november. shooting star weekly. please post and correct me but zooming out i think its 5-3-5 ABC for W (2009 low to jan 2018) into an X wave and now completed X within WXY of the X macro..startin Y down to finish macro X.
August 20 $23P on $BAC for me but this thing...
Like I said, I'm not a trader, but I'm learning the basics.
There is a lot of dependency between bank of america and bitcoin. There is between DAW and Bitcoin.
There is always a principle in the traders market:
When the stock of BANK of america falls by about 3%, the market will be completely bearish.
