Stop-loss triggered and 3% profits taken.
I'm not 100% on this trade right now so i'm playing it safe until I see confirmation with higher lows and higher highs. Limit buy orders re-set at the 0.5, 618, 0.65 and .0786 fib levels hoping for another fill.
If i miss it i miss it but i would rather look for a better entry with less risk vs hopeium
That's all it is at this stage. I am not looking to buy the Nikkei index, but a number of interesting individual stocks mirror this wider theme. Sort of a lower swing high being set and "one more drop" to set a higher low then off we go sort of thing. Let's see.
Short to short-mid bearish, medium term to long term bullish.
Short term - short (but not in a position so just waiting),
Medium + LT term long.
Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value.
I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will...
According to our mid term wave analysis we can see that it is possible for DXY to break new highs this week.
This bias is important for our usd correlated trades.
Thanks for your comments and like, which motivates us.
Okay crash might be a bit strong,.. nonetheless a strong pullback is suggested by several indicators. Most notably the bearish divergence between price and money flow / RSI. That's enough for me on its own. We also have an Elliot wave clear as day,
Update for WTI (data @OANDA, Globex session included)
As of my last analyze WTI is trending higher within a possible „double flat“ in a wave „c“ of „(ii)“!
Both legs of the upward correction could be measured in the same size, that matches the changes high the correction was done at $63.798 this morning (for that check btoh green boxes). The blue...
Bottom almost coming. Then UP it goes.
Share your thoughts and observation in comments session :)
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Supplied information is not advice.
This is just to track my purchase of AUD today. I expect it to appreciate vs the EUR and USD over the coming months;
Australia is significantly exposed to commodity prices, which as showing signs of recovery, and
Australia has government debt at lower levels than most of the rest of the OECD (I have seen % levels ranging fro 40.5 to 66% - depending on the source)...
Stellar rocketed from my last call for long linked here.
It has now bounced nicely from established support.
If BTC stays bull, XLM could easily see one more leg.
Elliott waves indicate possible wave 5 in progress.
That big spike sure resembles a wave 3 perfectly.
Wave 4 might NOT be done yet, watch the zones.
Key points to keep in mind:
1) I do expect an...