The technical figure Triangle can be found in the Belgium company KBC Group (KBC.br) at daily chart. KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czechia, Hungary, and Slovakia. The acronym KBC refers to KredietBank and CERA. KBC Group is one of Belgium's major...
KBC continues its correction started in Nov ‘21, a solid ER doesn’t have to change that.
So far we had a lower high struct in Jan ‘22, which can be viewed as wave B. Under that ~85 and we were looking downward to complete the C wave.
Now we have another lower high post earning, subwaves circle i and ii of C are firmly in place, projecting down to 70-65 region....
Double top has formed on KBC GROUP; my guess is to go short with strike 74.
Feel free to leave any comments/feedback so we can learn and earn from eachother.
Off the covid crash low we were 3 waves up before a correction began, currently retrace to around 0.786 fib.
As long as 60 (the 0.5 fib) hold, I can see upside target 1.382 fib, which is ...surprise surprise... right at the ATH... struck in 2008 just before the GFC crash...
All coincident aside, after 5 waves completion, a bigger degree of correction will occur,...
Long term MA-Trailing-Stop strategy with Adjustable Signal Strength to beat Buy&Hold strategy
None of the strategies that I tested can beat the long term Buy&Hold strategy. That's the reason why I wrote this strategy (link see below).
Purpose: beat Buy&Hold strategy with around 10 trades over a period of 10 years (average of 1 trade/year). 100% capitalize sold...
