WMT is expected to drop to 1st support at 104.33 where it could potentially react off and up to 1st resistance at 114.70.
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On the hourly chart of WMT shares, with high probability, the price has fished the 1-5 Elliott cycle with multiple AO divergencies between wave 3 and 5. This gives me an idea that there is a good chance to make money on ABC corrective zigzag. Going short with good RR ration using trading levels that are marked on the chart. What do you think?
BYND is in a strong and tight bull channel since the IPO. This bull trend from the open is what a trader wants to see when buying for long term investments. Last week formed a reversal attempt. When the market is strong, first reversal attempts fail 80% of the time and instead create the start of a second leg up. The bears will likely need some form of second...
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength...
WMT is trending up, creating higher highs and higher lows while respecting the black trend line. "looking left", i dont see much resistance until a retest of the all time highs at $110. R/R = 7.5. tight stop loss a new low thats also below support.
There is no doubt you should belive in your analysis but it doesn't mean to have no Plan B
in Ew method u can count waves in different views depends to big market indices,volumes,market sentiments,multiple timeframes and ...
in this chart i show you two models of counting
1.I counted 4th wave as a contracting triangle and its telling us to go short
2.the 4th wave...