Hey guys , if any of you trade stocks , i would recommend to find an entry on TESLA stock shares , it looks very nice Expanding Diagonal on it and may go at higher prices based on the Elliott Wave outlooks.
Goodluck!
Although this post is intended for the shorter term, even if we look at the bigger picture (Weekly TF) I can spot an Expanded Diagonal correction and we would now be at the final 5th leg of the sequence going up towards the upper level of the Diagonal. I will be posting the weekly chart for reference. Also as further confirmation we can see the formation a...
This corrective structure until now looks like it is an expanding triangle, in case it is, it will have 5 waves within it so im expecting downside then another move up then after that 5 waves are finished and we'll be looking downside.
Expanding triangle? Sell rally?
Trade ideas posted are only my journal, not a recommendation to buy or sell. I do appreciate all views be it a like or comment. Thanks
Looking for a retest into 0.78657'ish before selling, this looks like it could easily fall to 0.74-0.73 maybe even 0.72.
I will be monitoring the retest on 15-30 minute charts as well.
Good luck on this one!
EURUSD breaks out of 1st standard deviation from weekly (120-h) mean after failing to reach the mean itself.
Expanding volatility (measured by 3.2 st deviations from weekly mean) hints at a possible leg of uptrend from here on.
Traders an take long positions close to the upper 1st standard deviation (1.1205) and stop at the weekly mean (1.1165)
No significant...
Now might be the perfect time to buy to enter right before the strong bullish wave 3. It looks like wave 2 has developed into an expanding diagonal. Here is a zoomed out version of where we are on the longer term:
Here is an example of an expanding diagonal: www.wavetrack.com
