I don't have access to the NZ stock market but looks like a massive bubble. Trying to guess the top here is a fun project. Currently the market is smiling at us. - Double top with a lower high. If the US stock market runs out of steam in the short term I believe that it could pop the NZ stock bubble. idea would be to short with a stop sell order once the...
should be funny, or not funny at all to see how this plays out. note to future self, if the prices crashes to the financial crisis top then don't be a pussy and remember to buy the dip!
Forming monthly tweezer top after a slightly parabolic move in recent years Is happening at the 361.8% AB=CD move, using the law of alternation if a correction does occur from here it is likely to be a shallow 23.2% or 38.2% retracement given the deep retracement in the GFC
• Upward channel with MA50 confluence • Wait for MA50 and lower channel bounce to go LONG • Cut Loss at 8/6/19 swing low • Target at channel resistance
NZX:NZ50G These trades are the ones that change your account tremendously. You can trade with technical analysis, with fundamental analysis, with quantitative analysis. What counts is having Risk Reward and Winrate that determine a positive Profit Factor on your strategies and therefore a growth on a statistical basis.
Lower highs on the RSI as opposed to higher lows and higher highs on the price chart.