Notice the .50 Fib level respected & decided to take that as "confluence" for a continuation of the up trend. Make take days before it unfolds but never the less should gain value as bitcoin's arises.
Visa experienced a breakout on the weekly chart, breaking a trend back to January 2014 (nearly 4 years). If shares can maintain the resistance-turned-support trend line, shares are heading higher.
It has been a long road and you can see part of that under the $PYHH idea I previously published. $OSCI has filed a large number of financials in the past 2 days and I'm expecting them to go current on OTCMarkets.com followed by some news and hopefully production ramping up. We've seen a lot of activity over the past few months on the property, mostly posted to...
FUNDAMENTALS/FINANCIALS Analysing the financials of this company, it is clear their assets are growing year on year between 10-30% and there revenues are also increasing. They seek to open branches in Canada, Australia and other discussed locations. As an asset management company, it is vital to ensure profits or "Revenues" are increasing whilst assets under...
Fibs and support working together providing high reward low risk setups.
Chart is fairly self explanatory. Target on the HVF has been met and price action now looking toppy with dollar collapsing. Financials need to retrace to 23.5 at the very least, although would expect more depending on rate hike narrative
Before taking a trade, always determine the risk/reward ratio and ask yourself if is it even worth taking a trade is risk is higher than reward.
Let the alerts do the work for you while you are spending some quality time with your family.
Dodd-Frank got closer to being repealed and likely the Senate will follow suit, from what I he been reading. However, the financial sector is facing a wall of delinquencies as the rate continues to climb. That would be a far greater market mover than the repeal of the legislation that would ultimately prevent financials from getting a wall of delinquencies. It...
KRE is a regional bank ETF, after a strong impulsive bull run, it looks like KRE is starting a correction. With a IV rank of 34 is at least decent volatility to try a neutral trade. I sold the 50/56 Strangle (25 delta) and collected $1.33 per contract. With 64% probability of profit at expiration we need the price to stay between $57.34 and $48.67 which is a...
24-25$ is a potential Sell Zone that includes: 1) Weekly Structure 2) Bearish Crab 3) The 78.6 Fib level (reversal level) A close below 23$ can provide the confirmation signal - In such case, XLF target will be 21$
Barclays has been in this range since December. I see prices moving lower before tracking higher to the psychological 250.00 level
I will try to call a multi-year top on the XLF fund. Will short from 25, targeting... Probably, 12. But my main question is: was the whole movement from 2009 to now a wave 1 or it was a B and we still wil see a Wave C? If that was a B, then we can probably say: welcome to hell, banks! Hope you enjoy your stay here
They might be in the best position to profit with any compromise to Dodd Frank. Right now systematically important banks are categorized as any banks with over 50 billion dollars AUM. Zion is around 64 Billion which means the narrowly made the cut. Because of this they have hired hundreds of staff positions to deal with compliance and paperwork. One popular...
Harmonic Elliott and we're watching friends Good luck :)
XLF sees strong momentum on Tuesday trading and there's support @22.85. Trump's policy will benefit the financial sector anyway and we are expecting to see a pullback+bounce back to previous highest level and break through into a new territory!! Wait for the pullback to build the portfolio.
The key to trade this kind of setup is the Buy Stop on a breakout. Without breakout or breakout on the wrong side --> THE ENTRY IS NOT CONFIRMED. You can choose to buy breakout pullback though, i.e. after the breakout, wait for the pullback to test the breakout point then buy. This is much safer method but sometimes there’s simply no pullback after the breakout....