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ANZ is moving in a 5 wave pattern and have already completed Wave 3. Now it is heading for correction wave 4. Once it reaches point A on the chart, we will see an bit of uptrend where it will meet point B. Post point B, it will continue its journey south If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends. Also don't...
28/10/2020 Idea: Coming off earning. Expecting volatility contraction (iv 32 currently) , and will be range bound for about 1-2 month duration. Sell Straddle of 19 expiry dec 20 credit of $1.7/contract breakeven: $17.35 and $20.7 at expiry
I have a position on ASX:ANZ Doing the following spread: Trade Date: 4 October 2020 Expiry date: 19 November Short 16.5 put Short 19 Call Long 20 Call Break Even: $16.08 and $19.42 Credit of $0.415/lot Expecting ANZ to go up, leading up to earning season. Possible scenario: 1. ANZ kept going up, hitting 200 EMA resistance, approx $19.50, i will close my...
30 year trend broken in March. Not sure if we retest March lows, but at least another 5%-10% to go
In this environment looking for slow and steady wins the race type of higher probability 'income'. 1. looking for neutral to bullish action over the next 20 trading days 2. buy signal on 'TURTLE SOUP plus one' - recovery from new 20 day low, with reversal bullish. 3. Found 0.10 net credit premium on 17.51 European put option with 17.00 American put protection *...
Tested 0.618 Fib and top resistance of downward wedge. All other major banks NAB. CBA and WBC to follow. RSI is still relatively high. 1st entry at 18 and will average down to 17 if it falls further. First entry at the start of an uptrend which most likely gets back tested. RSI<40 ANZ will most likely hold 17.65 level(GFC bottom)