Here is my short trade setup for silver: Entrance: 27.730 TP: 24.305 SL:28.300 Risk: 2.15% Reward: 12.25% RR: 5.75
Here is my trade setup for PAAS. This will be a short. Entrance: 36.11 Target Price: 28.44 Stop Loss: 38.5 Risk: 6% Reward: 21.5% RR: 3.6 Silver Futures: Bearish as well, same count
Ebay looks to be completing a zigzag correction for a 4th wave. Target for the bottom are highlighted by the blue box, in between the 0.441 and 0.5 fib retrace levels. It is important to note that at the 0.5 fib retrace we also have the 1.618 fib extension on the abc at the same price so that is a pretty strong support level.
Here is my trade setup for oil . We seem to have completed 5 waves up with an extended 5th wave hence the lack of divergence on RSI between the 3rd and 5th wave, yet we have divergence from the top of the 1st to the 5th which looks promising. Entrance: $60 Target: $50 Stop: $63 Potential profits: 15.8% Risk: 4.4% RR:3.58
DXY looks to have completed 5 waves down for a wave 1 of 5. Come up a bit already which means we are in a wave 2 as of now. Should see the 3rd wave down soon, which could be the catalyst that the stock market has been waiting for, which would mean stocks pump.
Here is my trade setup for AMZN: Entrance: $3244 Setting SL at: $3185 Profit Target: Atleast $3640 Risk: 1.8% Profit: 12%
DXY is now approaching my targets for what I have as a wave 4. If we keep going past these targets then that means this is the start of an impulse and we already hit the bottom for USD. This would mean a bull run for USD and could see the stock market dump pretty hard. Otherwise if we do start coming back down for a 5th wave then that would most likely be what...
Looks like we just completed 5 waves within a wave 5th for a wave 1 overall on crude. Wave 2 looks to now be starting and we should expect it to fall to atleast the 0.309 fib retrace level.
Here is my EW count for silver futures on 8H candles. This is a bearish scenario having us in a complex wxy correction. WXY corrections are sideways by nature with each wave sub divisible into either a 3 wave corrective structure, or a 5 wave triangle corrective pattern. In our wave W we had a regular flat correction , we had a complex WXY in wave X, and following...
Looks like GME could make another run up here. WXY correction with the fib extension on waves a-b within the wave Y giving us a 1.272 fib extension exactly at the bottom. On top of that we are resting on yearly VWAP. SL is set right below the 1.272 fib which would mean a loss of about 22%. Upside potential should be to atleast the heavy resistance level around the...
Here is my trade setup for NYSE:MA . Entering a long position here. We could possible see a bit more downside to the fibs levels labeled 1.618 and maybe 1.809. I would enter a partial position here and then double down if it goes to 1.618. I would set your SL to a bit below 1.618 initially, this would mean a los of about 6.3% if you got stopped. Upside potential...
Here is my trade setup for LUMN. As for the upside potential, technically it should go way beyond the previous high but I am listing the target as the previous high instead. This gives us a price target of 320%. As far as SL goes, if we get stopped then losses will be -32%. This is an extremely long term trade and I am using it more as a low risk high reward trade...
LHA seems to have done a wxy correction down meaning we should expect an impulse up next. I am waiting for a wave 2 correction to finish and then will look to enter a long position. Based off likely wave 2 targets, this trade will have about a 68% upside potential, and if it were to hit SL, the loss would be -24%. At this point just keep an eye on the wave 2 and...
Here is my long term trade setup for NOK. This is on 2M candles so make sure you understand this is very long term. If we do make an impulse up then we can see returns of atleast 2000%+. SL is set at the bottom of the 2nd wave which would mean a loss of 50%.
Bearish count for MCD on 1H candles. Look for a break of the support here on the triangle, if we break past the low created with wave D then I will enter a short position, if we find support here and break above the resistance at the top of the triangle then the bullish scenario is in play and i will enter a long. Make sure to check the bullish scenario as well as...
Bullish count for MCD on 1H candles. Looks like it could be done with a triangle wave Y. Make sure to check the bearish scenario before entering. Wait for confirmation of support here on the triangle and a break above the resistance.
This is my 2nd count for DXY, first count had us at the end of the abc correcton with 5 waves down for Wave C at 1.136 extension. Meanwhile this count has us doing a 5th wave down in Wave C to bring us down to 1.272 extension.
This is first count of 2 possibilities on DXY, 1D candles.