Fundamentally sound - both BHP and RIO Iron ore prices testing key trend line support on longer-term charts Weekly BHP is testing 0.618 and RIO 0.5 FIBs Gold miners NST and NCM testing support but need more confirmation as they are sensitive to USD fluctuations. Possible trading options: Leaps Put sell
1- Trend analysis: Higher prime numbers mean we are in an uptrend. When the bands are moving upward direction, the market has a Bullish Direction. Lower and lower prime numbers mean we are in a downtrend. (If the bands are moving Downward direction) 2- Volatility: Narrower bands mean stock price is less volatile. Wider bands indicate share price is volatile. 3-...
In this special idea I apply the AriasWave methodology to a stock by incorporating the main pattern in Global Markets. See related idea below for the DOW JONES to understand this pattern. I will post an idea shortly for the FTSE 100. Using the AriasWave framework and the main pattern which a TYPE-2 ZIG ZAG I apply careful and precise wave analysis to this...
MCD, GOLD, BMY, ETR, AZN, BHP, BMY, CAG, CI, CL, DTE, GWW, HUM, K, L, NKE, RIO, Y, TJX