Continuing on my downward wedge during an overall upward trend thesis. I have measured the opening of the wedge across 101 bars at 54% gain. I have indicated a profit taking zone with a green rectangle.
Hello traders, Description of the analysis: MGM Resorts International investment opportunity. I already invest to this stock with big potencial. I bought 462 pcs of shares. Trade what you understand, trade carefully and sparingly according to the business plan. This is not investment recommendation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock...
Harmonic on Harmonic. Old drawing ended up hitting both my profit zones. Definitely one of my best work yet.
Price will move towards my 23.6 Orange Fib level @114.311. From there we will see price action towards Large Quarter Point 145. There is also confluence at that point with two fib levels, 78.6 and 50, that can serve as the top and bottom of the target price zone. Profit Size: 68.6 Pips
I had a beautiful explanation written here and it was lost. It was about considering how to make income in a stagnant market. Become a seller and write options. This shows a previous strategy that could have been used in the last few days to generate income on your portfolio with a butterfly or iron condor. A future chart will describe this technique in depth....
Barring any shocking political or criminal news, we are entering into a period where I would like to call the Profit Zone. For the next few days we shall be in a period where market support will be tested by the bears. This is where algos shine and devour unseasoned traders like fish jumping up a stream. My idea all begins back in January ( 1 ). Trump is...