Look at point 1 to see how an abc pattern can reveal the beginning of a big move. Now at point 2 we see a higher degree ABC pattern completing, would you want to miss this next big move. Comment what you think below. Don't forget to click the like if you do. Thank you.
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Nice long trade on ED explained in multi-time frame analysis!
ENTRY AT 68.50$
STOP LOSS AT 66.80$
TP1 AT 77$
TP2 AT 83$
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THE GREEK TRADER
La compañía brinda servicios de vapor, gas natural y electricidad a los clientes del sureste de Nueva York, incluida la ciudad de Nueva York, y pequeñas partes de Nueva Jersey. Las dos empresas de servicios públicos generan aproximadamente el 90% de las ganancias.
Consolidaeted Edison al ser una empresa defensiva ha perdido interés de los inversores este año....
Nice bounce of the bottom in the up-channel for ED. Higher low indicating another bullish move. Bulls have recaptured momentum on the hourly and 2hr but its still too early to confirm bullish divergence on the daily. A cross of the 7SMA and 14SMA would indicate safer entry point. Target at 1 Fib Extension.
For the public record -- I took a short position on $ED yesterday at $94.71
I posted the trade to the Stocks and Indexes forum:
My reasons for shorting are technical, and not sociopolitical, but are too complex to describe on one chart, so I'll not attempt to do so. I will say that...