The awesome oscillator shows the downward trend is over by divergence between the 3 and 5. The next move appears to be the a-b-c correction that would form a wave A. Fibo ratios are in place suggesting the next possible targets. Weekly chart turning bullish with MACD divergence. I know the big drop today is somehow scaring (good volume tho), so to be on the...
LUV consoladiting as oil looks for a bottom. Two classic indicators have been diverging for a while. As oil goes LUV will trade the opposite direction. Major trend for luv is still strongly positive. And USO strongly negative,
CHKP reached a high in 2000 of $118.64 and then fell into decline. The move back up has been unsteady so not a great stock to trend trade over the longer-term. But since late October (which retested the 2012 pivot high) the momentum to the upside has become more linear. With yesterday's bar being very bullish (on higher volume) the uptrend looks set to continue....
If we take a look from 2006 the full view seems very probably we are in a expanded flat. Actually the decline from 4.6480 seems to be the 1)) wave o a C] wave The decline have several hints to confirm this view: Wave 4th has a near to 50% retracement and is in a contractile triangle shape Wave 5th is the extended one and are near to its 61.8% portion of...
I have been trading DPS since price broke and retested the $50 half figure around April 2014. This zone had added resistance due to the May 2013 pivot high ($50.37). Since then the trend has been very good - the October pullback almost stopped the position out, but managed to just remain in play. If looking to enter DPS since then there have been a few breakout...
On yesterdays earnings announcement price gapped up on DLTR (with higher volume). This offers a good near-term opportunity to buy this stock for a quick profit. Ideally, it would've been nice to have seen a more bullish bar. For longer-term opportunities this stock has trended well in the past, but since June 2012 the trend has not been able to re-established...
After a elongated rally is not rare to find an ending contractile diagonal. Usually this create a snap reverse. Usually this pattern exceeds the 1-3 line when form it's 5th wave In this scenario the 1 to 1.618% proportion for wave 5)) increases the odds of the turning point.
LM reached a high of $140 in 2006 before plummeting to almost $10. Since then we have seen price bottom out (forming a cup and handle on the weekly chart) and begin a bullish wave up. During August and October a double bottom formation occurred - confirmed in November with a break of the neckline. The weekly double bottom presented itself on the daily chart as a...
If you're looking for a sell opportunity then DDD looks promising. The decline has been steep since the high (which didn't quite touch $100) at the end of 2013. On the weekly chart price looks almost certain to end the week below the 200ma. If this does occur then a shorting opportunity may present itself (although we should wait one more trading day just to be...
The linear chart has interesting crossing channel. Now that SP500 has officially marked a wave 5 since oct11, it could be due for a big wave IV since Mar09. This big wave IV could start before year end or be delayed into early 2015 from around 2100 if the santa claus rally happens (which i don t believe in right now against odds). The big wave IV should correct...
Crude_oil is forming Elliott's double three correction pattern. One wave (w) has completed and the wave (A) of the other wave (Y) is near finishing. Now wave (B) will start. The price will soon reverse. After some signs of the reversal, this may present good buy opportunity with great risk reward ratio.
Sell near o.8368. An Elliott wave sell setup is forming in C wave and triple top is also formed. Sandeep Gupta, Technical Trader Twitter: twitter.com Tradingview: www.tradingview.com Mail: sandeepguptafx@gmail.com Disclaimer: www.tradingview.com
Buy into C wave. Buy near 1.13036.
The preferred wave count and the alternate wave count suggests that we will have a wave B to the upside now. With the preferred wave count taken into consideration, we may see that we have 5 waves forming the WAVE A. A five-wave A indicates a zigzag for wave B. If we take the alternate count into consideration, we have 3 waves forming the WAVE A. A three-wave A...
If you are already short, remain so until the levels 3721.65.
There is an ending diagonal setup. The sharp sell off is expected to the starting of the diagonal. We kept our target at 38.2% of wave (3).