EuroStockOption

EuroStockOption Updated 

Was not planning to do any deep dive research for this one, but the long term trend of ICE is too obvious to ignore. Despite the choppy daily chart with now and then a small jump, it did grind higher and higher, decades-long. When dealing with such a long time frame, it's important to adjust the pr-ICE to splits, dividends, and rights offerings. And let the ...

EuroStockOption Updated 

Short term trade set up to hedge long position, ex-dividend date may trigger sell off. While price made a higher high, RSI set another negative divergence. Also noting buy volume is getting thin. In EW terms, this rally off the June low seems to be corrective 3 waves. Contra argument: neckline around 57-58, coincide with huge volume profile wedge, may provide...

EuroStockOption Updated 

TLDR: maintaining bearish bias unless reinstate above 28, expecting it to go lower first before it can go higher EW interpretation: On the monthly chart there were visually 3 waves up before the covid crash. Based on the purple fibs, one can also argue we have already seen a 5 waves top. In both case, the (A) wave almost perfectly hit 0.618 retracement and...

EuroStockOption Updated 

Got FOMO'ed in b/c WEB kept buying? Take measure to protect yourself from a potential drop in the short term: It started with negative divergence in March, noticing that volume did not follow through after the breakout, it might end up with a H&S formation that project to the low 40's (blue lines). That region happens to coincide with: - the yellow trendline with...

EuroStockOption

Disregarding the structure of higher time frame, on the hourly here: - decelerating rate of change of the drop, - technicals showing positive divergence, Suggesting a local bottom is (almost) in place, rebounce to above 21k is doable, good R:R is using LOD of today as stop. ARKG is actually green today, either indicating (short term) risk-on appetite, or just...

EuroStockOption Updated 

TLDR: attempt to long around 16k-17k with stop at 15k, switch to short if under 13k -- Area around 16k EUR is likely to be at least a local bottom, given: -strong confluence of fibs -technicals entering oversold zone -symmetry of a lower degree: -73% correction -close to major top of 2018 -coincide with volume profile wedge, albeit a small one A rebounce could...

EuroStockOption

TLDR: short term play to flip BNB in SOL and back, as BNB seems to be stronger in the longer term -- Overview After a meteoric rise in the first half of 2021, SOL started to roll over in Sep '21, both in fiat term and against BTC. This trend is even more prevalent when observing the trading pair SOL/BNB. Technicals of the lower time frames, daily and hourly, are...

EuroStockOption Updated 

Clear 5 waves (of a high degree) down + declining technicals suggest more pain to come in the years ahead. However rebounce to 100+ in the short term should also be very doable. The 0.618 retracement from ATH is hard to ignore, weekly RSI closing above 24 will confirm the positive divergence. Wait until the OpEx dust settles on Friday and we should be good to go...

EuroStockOption

TLDR: targeting 80 if next pull back holds 56. -- Galapagos has gained more than 50% nominally off the Dec '21 low, in a three waves structure. While running into the 1.618 extension of the green circle i-ii, the technicals are becoming overbought. With the next earning report within a month, it seems wise to take some profits off the tabel. Further more, the 65...

EuroStockOption Updated 

The ETF SXLK has been providing an easy access to the US big techs for the European investors, allowing us to piggyback the insane bull run over the past few quarters. However in the recent weeks, it's showing some weakness. While the (5) waves up off the March 2021 low looks complete, the daily RSI shows an downward trend. Above all, the weekly RSI and...

EuroStockOption Updated 

The STOXX has arguably a complete 5 waves structure, rebounce of 200-300 points from here is likely if intraday low holds. Target >4200 Stop <3890. -- EW interpretation: Off the top of Feb, what I regarded as azure wave (iv) of one degree higher, we can observe 5 waves structure. The last wave v in purple is quite extended, but given that wave iii reached 1.236...

EuroStockOption Updated 

KBC continues its correction started in Nov ‘21, a solid ER doesn’t have to change that. So far we had a lower high struct in Jan ‘22, which can be viewed as wave B. Under that ~85 and we were looking downward to complete the C wave. Now we have another lower high post earning, subwaves circle i and ii of C are firmly in place, projecting down to 70-65 region....

EuroStockOption Updated 

TLDR: short term upside target 1k - 1.1k if 860 holds. EW interpretation: On the 4h chart published above, we can see either a i-ii or a a-b movement off the Jan '22 low, with a higher low struct at 838. If a new higher high presents itself, preferably above 860, both counts will project us to ~1050 in the short term. The rising trend of the RSI, started...

EuroStockOption Updated 

Long term highly likely to profit from major ESG investments of the EU. Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear. RSI and stochastic indicate leaving oversold zone and ready to take off. Disclosure: Long term holding will be re-evaluated after reaching 50 and 65 respectively, to cut loose if 26.85...

EuroStockOption Updated 

Game plan: after the STOXX 50 drops into the target box around 3.93k, try to (not aggressively) long a short term rebounce. Overview: After a strong bull run off the covid low, the SX5E struct a major top in Nov '21. Since then we are in corrective territory, which makes me default to the ABC count of Elliott Wave. Most commonly, C wave projects to the 1.0 to...

EuroStockOption Updated 

Game plan: from 43k level take short position targeting minimally 38k, stop at 45k. Feel free to zoom in or out this chart with ID chart/aR6LPQG1, as this new account is not allowed to insert url of charts yet. Usually I consider micro-counting Elliott Wave not quite reliable, and frankly not necessarily and bad for my mental state. But staring at the 15min chart...

EuroStockOption

In the past few years where the Winter Olympics were held, there was always a local dip to be bought around the day of the opening, to then ended up with a bigger crash a few months later. The 2022 Games will be opened on 4 Feb, should be fun. Disclaimer: Given long enough time, market eventually goes up.

EuroStockOption Updated 

Just got bounce back after reaching upper trend line, need some correction in the short term or more likely sideways consolidation: new buyback program of 1 billion EUR in 2022 should provide shock demper. Strong support around 22-24 region (mid channel + volume profile POC), as long as this level holds, any correction provides decent opportunity for long term...