3 resistances in 1 point: -Horizontal resistance -Trend Resistance -0.764 fib level Enter short!
I mean, WHY NOT? Considering the probability I have seen the future events, it's even more comprehensible. Let me know which part of the trading idea you want to deepen in. synapticex.com
Looks like we're stuck in wave B of correction (of wave 4). This is an irregular (triangle) wave B - there are 5 waves in it (a-b-c-d-e). I've added two arrows to point out how such a wave B looks like, because it's rather rare. The end of wave 4 seems nowhere near, it can take whole April until it finishes.
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Here we have it: a perfect Elliott Wave in all it's glory. This view helps to get a bigger picture of where we are in the current trend. Targets are estimates only, as waves can get severly compressed and stretched both in time and price. We'll be able to draw price target zone for wave V only after c of IV is concluded. I'll update the chart when this happens.
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Chart shows everything but I'm on the short side of this commodity. Waiting a confirmation before entering a new position. But we could see a possible consolidation between 520 - 480
Summary: Buy stocks in the year 2020-2022 with sell target 25000 in the year 2026 The trend trajectory for the DOW Industrial index is starting to get very bearish in the year 2017 at the latest. A time when Donald Trump might have become the next US president, which would strongly influence the world history. After a sharp three year decline of the stock...
The EURGBP0.18% has multiple times had trouble with the dashed blue line (both now and in the past, go the the 4hr chart!) but has recently broken through it and is now coming back up. We look to short it when it comes back into the 0.7155s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. We are also...
Everything is on the chart guys. Fibonacci cluster consisting of 2 retracements (.382 and .50) plus the 100 extension from the previous price retracement. All of this lines up perfectly with previous support/resistance + that we're in a bullish trend. Good luck everyone and hold your thumbs!
AS YOU CAN SEE I JUST COUNT WAVES. I FIGURE OUT THAT PRICE IS MAKING A 5TH WAVE AND THIS WAVE HAVE AN 5 WAVES STRUCTURE TOO. NOW PRICE IS MAKING THE 4TH WAVE OF THE 5 WAVE SEQUENCE THAT IS INTO THE BIG 5TH WAVE. THIS 4TH WAVE IT SEEMS TO BE AN ABCDE PATTERN. SO I WILL BE LOOKING FOR THE BREAK OUT TO GO LONG. MAYBE IN LOWER TIME FRAME. WHAT DO YOU THINK ABOUT...
If INTC (Intel) wants better intel, they need to buy CRM (Salesforce). Who can call the CEO's, send me a few shares for the idea, and make this deal happen? Who would you rather build the future, humans or artificial intelligence?
the up trend has been broken, so price might start a down trend. However, as you can see in the chart there is a posible H&S. In the 15min chart, you can see how price is breaking a corrective structure to make a posible down impulse. WTI should go to the neck of the H&S and then break it and go to the 56$. The trade should be completed by the end of next...
The downtrend is not over. I expect a drop down to the last lows to form a real bottom before we can return to the mean. For more detail please look at my zoomed in version of this chart:
The chance that this is the long awaited uptrend is growing. This is an update of my original chart, which I created 1 month ago: In this update I optimized several indicators to better reflect the current trend. Overall it's looking good. But 2014's downtrend has not finally been broken as of today. That's why I post this as a neutral outlook.