using EWT. EWT is great with counting the waves. To benefit from an accurate count, one must know how to use the wave count. I have used the EW as a tool to help me with my swing trading. I endeavor to buy calls at the end of wave 2 &4 (or beginning of wave 1,3&5) and exit my positions (take profits at the end of wave 1,3,&5 (or beginning of wave 2&4). I have been...
Diagonal. This Chart shows the three possible targets starting from the Fib 0.618 extension of wave 1-3, to the Top Rail of the Leading Diagonal , to the Target of the Cup n Handle. Please DYODD. I am holding Oct 19 $24 Calls which are currently over 100% up.
Good afternoon Traders,
BHC short-term Elliott wave analysis suggests that the pullback to $20.28 low ended black wave ((2)) pullback.
Up from there, it is in a possible 5 waves Elliott Wave structure higher. The first leg higher in black wave ((i)) ended at 09/13 peak (24.13). The internal structure of that move unfolded as a 5 wave impulse.
It ended blue...
Strong buy after MA 200 has come with insane violence. After a pull back of few days we have seen the start of a new uptrend. First TP is around 26,7 dollars where the gap down has left its trail.
As showed in the chart $BHC comes from a long bullish flag. Price is reaching the buy zone where the major bullish trendline goes through. It's not yet a buy but we are approching such zone. Strategy: watch and wait.
Extremely tight, and quiet range. In the mid point of a broadening pattern, looking for a move to upper end around 25 as a primary target. Bollinger bands on 30 min practically touching. Need some volume to get started
I am waiting for an entry long in $BHC but positive signs are already there especially RSI is giving an insight, MA 200 is almost close and it might be probable a new test. Monthly RSI is down and on a weekly basis price is approcing the pullback of the third bullish wave.
For the time being, given the positive earnings release a bullish trend continuation is...
Hello Traders,
In this Elliott Wave Analysis, we will have a look at the Bausch Health stock.
BHC ended the cycle from 03/01/18 (14.45) low at the peak of 06/13/18 (27.77) in black wave ((1)). Below from there the stock is currently correcting the cycle from 03/01/18 low in 3-7 or 11 swings in black wave ((2)) before more upside can be seen.
Near-term BHC ended...
Although earnings are releasing next week, the today's session for $BHC will be critical: a trend inversion might be possible on a daily basis, yesterday price formed a dragon fly bullish as the arrow shows.
This must be confirmed with a black (green) candle today in order to develop minimum of swing, otherwise there will be no signs for an inversion in the...
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BHC
