Technical view of - NZDCAD - Whilst having fun doing my weekend analysis for the week ahead, I do this to plan my week ahead - I'd like to share a good trade opportunity for you for next week! Pattern - Head and shoulders / Bear Flag - Measuring the patterns both = to good Support areas. - If it goes above the areas of where the shoulder should be - the...
After an ABCD correction from the recent low, Im now looking for more downside to the 23.00 area to complete the bigger ABCD Pattern from the Oct 12th high. Only risking 25 points is a great R/R.
Waiting for the EURCAD to pull back into the Sell area. This will create a great R/R trade to the downside.
Looks like a good setup to go long. It may take couple of weeks to hit the target, but good wait for 1:2 risk to reward ratio. Disclaimer: This is neither recommendation nor advise to invest/trade. This is my journal for educational purpose only
Expecting the Nasdaq to pullback to the 50-61.8% area then start an impulsive move higher which could potentially take us into the elections especially if we get some stimulus. 50 point risk is a great opportunity. Double Gartley patterns.
CADJPY has already completed a larger TF Gartley but I have gone to a smaller TF to enter short possibly to complete the bigger ABCD to the downside at 79.00. Low risk entry is what I like. If im wrong then no major loss. SL above recent high @ 80.08.
Although we have the risk of this being a 3 waves rise, by the looks of it I tihnk we'll see a new high as this move has the caracteristics of a corrective wave 4. Looking at the number of stocks that keep on breaking out of corrective bases and making new highs (look at my profile) but also looking at the Advance/Decline Line we can see that we have positive...
Just follow the noted path. If wave (iv) has ended then we should see the fifth wave higher, completing a higher degree wave 1. We then need to see a corrective wave 2 that must hold above the beginning of wave 1 at 73.80 for this stock to rally to new highs.
Should continue higher, 120-124 would be the first target zone followed by 130 after a correction. If price goes below 105.1, leave the ship, it's going to sink. If you're looking for a more short term move, you can use 112.4 as your stop
We got a nice based that formed here in form of a complexe correction which ended with a triangle wave Y. Now we should continue higher as long as price remains above 25$ !
Looking for something like this to unfold heading into elections USA. The orange line is 10 yr Tbonds yields. So they inverse each other. When yields rise so do stocks and exactly the opposite when yields fall. Thinking a nice long set up on TLT options will be presented very soon maybe end Oct.
The wave count suggests we should see one more push lower to finish a 5 waves drop as part of wave (c) of higher degree wave ((iv)). A drop below 21.60 could get things on track and we finally could see price drop for fifth wave.
I've labeled this as a 3 waves move but it can easily turn into an impulse, taking us to 6800.
Thinking the 10 yr pushes up .95 b4 election and a big stock market push higher. After that crashes back to .72 for what could be the most volatile election since Bush vs Gore. Then we end the year back up around 1.3 with Joe Biden winning and markets on a F**king tear
MCRB - Finally breaking out if this triangle ? We can count a potential Leading Diagonal wave (i) on the 15min with a deep 3 waves corrective wave (ii). A move below 24.36 would invalidate this view.
We're at the end of this Triangle. 470 and 480 are the ideal zones to watch for a potential reversal. If price drops below 462, we could continue to see this go some more sideways as long as it remains above wave A low at 457.7.
We have a clear 5 waves rise here as you can see. Therefore, I suggest to only look for shorts now until we reach the 50%-61.8% retracement zone.