Im trying to illustrate this Elliot Wave's analysis as simple as possible and as clear as it can get. The explanation is simple: Price is currently showing rejection at a key resistance area and it matches to be impulsive wave 3 with its 5th sub-wave having already ended. The projection is for the market to create the corrective wave (iv). - Short term sells...
price is at the support of this ascending channel, looking for price to continue this trend.
Ever since SQ broke its downtrend from the all-time high at the beginning of 2019, our team at PLT has been watching for great intra-day and swing trade setups. SQ is one of our favorite companies to always remain bullish on due to the products and services they offer in the Fin-tech industry. This trade was planned on January 18, 2019 over the weekend to enter...
VTVT had news on Phase 2 study and it spiked 21% It close pretty strong as it stayed within the 5min chart break out zone. Possible runner tomorrow or a few days as I do see accumulation going on. Reason: 1. Indicators is still strong and positive with RSI divergence on daily. MACD positive 2. Price still within the channel of support. 3. Overall, the company...
After researching the trend of AU on 10.10.18, one of my worst days as a novice and new trader, this stock hit my radar. I followed it early on 10.11.18 just to be sure that it would break thru the resistance line set up over the last 20 days or so, and then jumped on at 9.37 With a price so low, most traders with any type of bankroll can get their hands on...
We've recently some good news coming from the U.K but how long will it last? it could be a good opportunity to sell now as the trendline appears to be holding.
$MDT has been reaching higher high after higher. today it finally had massive pullback. This the best time to get for the cheapest price for when earnings come.
Possible break out soon. Low Risk / Reward to 50 dma Reason: Stair stepping on daily making higher lows Low volume Indicator: RSI is at 45 and has been increasing (not overbought yet) MACD still in negative so this might spike soon. Recent offering in 2018 had created a sell off and currently accumulation has been steadily moving the price higher. Higher...
NYSE:CARS is showing a lot of strength. If it tests the resistance, pulls back and goes back up, just like drawn on the chart, then buy as a swing trade above 25.50, with a stop at 24.90; however, if the stock gaps up at the open or breaks through the resistance without any pullback, then I wouldn't chase it. Please like and comment if you like my ideas. THANK...
Price is currently at the bottom half of the ascending channel support.
We expect price to maintain this downward movement.
Support now turned to resistance entering the 61.8 fib level.
Hi traders, this is my view of EURCAD for the next months. I will wait for a new higher low as right shoulder to complete the inverted head and shoulder pattern to go swing long. Use riskmanagement and moneymanagement to earn consistent money with forex. If the price has a distance of 70 Pips to your entry in your favor then set the trade break even and let it...
The risk : reward ratio is outstanding! Best of luck.
ENTRY LEVEL: 1.33000 LEVEL STOP LOSS : 1.35300 TAKE PROFIT: 1.30900 RR: 1:1 You may enter at around that entry level as long as your risk to reward is close to 1 Please see the related link or below link for the analysis behind this trade set up. i shall provide any updates to trade below in this current thread. cheers
Price is at 61.8 fib level and resistance level. Vote of confidence taking places today at 19:00 GMT could be a catalyst for some downside movement.
Elliottwave on the daily, looking at a short, for a swing.