Carmax has taken an almost 20% beating since May 5th.
We have 2 concurrent Harmonic Patterns (Shark and Gartley) which may reverse this trend.
Look for a basing in this area.
We also need broad markets to continue their ascent.
As always do your own due diligence
Earnings are due June 18th and depend on a continued strong used car market
Price fooling around at the 0.786. Not shown here but notable is the declining volume in advancers at this price.
OFC the nutty market can fool us again but going long here would be a low reward position IMO.
Not investing advice; trade at ur own risk; GLTA!
Coming off a double bottom and a Harmonic Bat, PYPL appears headed towards 290+ and a Bearish Gartley formation.
A little overbought, PayPal needs to clear $258.50+ to achieve our objective.
As always do your own due diligence !
USDJPY is having a bit of consolidation for the time being. I'm waiting for the market to retest back to 108.63 for a buying opportunity within the potential bullish flag pattern and might just extend my final target to the potential Gartley Pattern that might form on the Daily Chart.
Hi dear friends, hope you are well and welcome to the new update on XRP coin.
Previously the XRP started a big powerful bullish rally after the formation of Gartley pattern.
Now this time on the 2-day time frame chart, the price action of the Ripple...
Hi dear friends, hope you are well and welcome to the new update on Ethereum classic coin.
The previous trade setup of ETC produced more than 1400% rally:
Now this time daily time frame chart, the price action of the ETC has completed the final leg of...
Australian Consumer Inflation Expectations for May increased by 3.5% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for April, which increased by 3.2% annualized.
The Australian Employment Change for April was reported at -30.6K. Economists predicted a figure of 15.0K. Forex traders can compare this to the Australian...