Would continue to trade with current long/call/bull trend at this time. Harmonic Pattern says has more room to go at this time. This is weekly chart, but going down to shorter time frames for trading and entering and exiting trades at support and resistance area, with tight stops on trades. Wish you best.
If price action on a ranging or sideways chart goes above ZONE, set up sell trades, if price action goes below ZONE, then set up buy trades. Keep It Simple. Wish Best In Trading.
Harmonic pattern, plus major support area at $40 gives you a great area to use option plays and/or buy stocks at this time.
When in doubt, simplify things (especially trading charts). Strong support at $58. Nothing like a Harmonic Pattern for a visual reference.
Only support I see is at $150 to $165 for FB, where demand might show up. But F.A.N.G stocks are very sensative to geopolitics, fines, fundamentals and technicals are not number one to look at. First support noted on chart will be $165, then 100% retracment will be $150.
Please see Harmonic Pattern and support area on 15 minute time chart. See correction going on right now.
Always look for both support or bottom W patterns to go long or resistance or top M patterns to go short. They can make your day trading profitable.
FRANKFURT/GERMANY OPEN: 11:00 P.M CLOSE: 7:00 A.M. LONDON/GREAT BRITAIN OPEN: 12:00 A.M. CLOSE: 9:00 A.M. NEW YORK/USA OPEN: 5:00 A.M. CLOSE: 2:00 P.M. SYDNEY/AUSTRAILIA OPEN: 2:00 P.M. CLOSE: 11:00 P.M. TOKYO/JAPAN OPEN: 4:00 P.M. CLOSE: 1:00 A.M. Best Times To Trade are when two or more sessions overlap: New York and London: between 5:00 am — 9:00 am PST....
Looking for a run of atleat $20.00 or $1240, for last part of this week, which would be $2000 in profit and buy until end of August price action up to $1280. Might want to buy and hold for bullish/call for next several weeks. Will be doing call on GC/Gold at this moment. Hope best for you all trading. On chart is an A-B-C bearish correction noted, now $1220 is...
See Harmonic Pattern on the chart. No buyers at 0.74000 (only tails on weekly), now candle is green at this time. Good Luck.
When price action is inside of the "CLOUD" indicator it is most of time a waiting time or YELLOW light on stop light. This means go with caution. My opinion is that current trend is bearish and will continue to major support of price action zone of 1.90000 to 1.89000. Will be looking to short this pair this coming week.
Per refer to attached chart. Price action has fallen for last several weeks at a very steep rate (75% angle drop on daily), normal trend is mimimum 30% for price action to continue to be beaish, rest of July and into August price action will be bullish. I except price action will hit 19.80000 to 19.85000 (resistance area). Will be trading this pair aggressively...
Harmonic pattern, last 4 weeks of trading (stopped at major support/supply area). Looks great for bullish run until end of year. What happened this time last year or beginning of Harmonic pattern? Bullish run. Price action will stay inbetween: 0.74000 to 0.77000 area. This is on weekly chart or bigger picture, so if you are buying holding AUDUSD longterm or...
Look at the charts, obvious how you could take advange of this current price action. 1) could write covered call option, which means buy in 100 lots stock and sell a higher weekly or monthly call option above price action (might want to not get caught in earnings, scheduled for 8/17/18. This is a conservative opition play, because you already own stock, but also...
This is largest oil hedge that happens for 2 to 3 months every year around this time. Advise you to look at DAILY charts from May to July and see what they are telling you... Answer is: to Sell CL/OIL. I believe related to charts that oil will drop to around $62 a barrel by next month. If you sell and buy CL/Oil, never fight the instiutions and large hedges, you...
This is a young company with many positives going on. Please do further research, if this could be a investment opportunity. Also, $11.86 was Fib. Ret (Golden Ratio or reversal) which happened not to long ago.
Keep it simple, will be trading GC bullish for rest of month. Why? chart says so....
Trading is as complicated as you want to do it. I prefer simple. When you look at A stock daily chart, what do you see? Yes, those rascally Wrabbits had a dividend day today (over a short, mid week holiday week). If you look at last three divdend days, the rest of this week and next week were bullish, or next at least 10 days. How can you benefit from this in...