Hi Guys, i think the chances for a longterm bullish setup here are quiet good. Bounced of longterm Fib-Retracement 61.8. Broken bearish trendlines, retesting them. Possible 5th Elliot-Wave completed. Possible H&S forming. Longterm Mid-Trend-Channel-Resistance hit several times. Good Luck
Repeating Eliot in continental stock. Bulls are coming long. Eliot in red color, copy and paste.
As of now continental is going 153ish. If it finds enough power it could go as high as 162 in this run.
CON had a huge drop recently. As a result RSI is in the oversold zone, and MACD will give buy signal soon. P/E RATIO: 10.30 (considered low comparing to DAX index average P/E ratio) Entry strategy: wait for bullish candle which cross the 163 price. Maybe we will need to wait a couple of days to see that confirmation candle on the chart. SL: 152 (-6.7%) TP: 181 (+11%)
Can conti break the sideways-range? The Level between 196-205 is hard to beat...but if.... :-) Waiting für the BO!
uptrend...........two big bullish candle....candle closure above resistance ....enter to buy after closing above 208 on H1 time frame
in my strategy breakout and passing out of a major pivot is the beat sign for trend changing ... uptrend... nice candle and closing above trend line .... triggered ...buy sl =195 i dont set tp but if you are short trader so 206 is good
Vasek rika radsi prodej, ja rikam v pohode nakup..