Euro stoxx is approaching our first resistance at 3262.6(horizontal swing high resistance, 61.8% & 50%Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 3134.7 (38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (55,5,3) is...
S&P is approaching our first support at 2687.75 (horizontal overlap support, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 2790.51 (76.4% Fibonacci retracement , 100% Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is approaching...
Nasdaq 100 index is approaching our first support at 6805.92(horizontal overlap support, 100% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 7030
12 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is...
UKX is approaching our first resistance at 7009(horizontal swing high resistance, 38.2% & 50% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6746 (61.8% Fibonacci retracement , 100% Fibonacci extension, horizontal swing low support)
Stochastic (89,5,3) is also...
This stock has a great outlook in regards to bullish fundamentals. I chose this demand level and my order is as follows:
Entry : 18.63
Stop : 16.10
I am looking to hold this for a month or so with exit orders:
Target 1 : 20.17
Target 2 : 21.70
The Blue Candle is a really good entry - given the fact of a nice Bullish engulfing the probability is quite high for more upside here
given the probability of success and r/r equity risk can be up to 2,5%
With the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area.
The goal: buy as low as possible in the Buy area to start off with a nice solid position.
Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%
