OrangeTrader93

OrangeTrader93

Waves ii and iv are zones of price consolidation that can be revealed/confirmed by the FRPV indicator. In my previous chart, I failed to mention distributive options for wave v, that being a truncated fifth wave ending at the 1.618 fix level due to exhausted selling pressure (a failed perception of the market created by my own bias), what we see is a full-wave...

OrangeTrader93

Wave 3 should be below .53416

OrangeTrader93 Updated 

ATRS is showing strong growth on the books with ever-increasing revenue per year, positive EPS, and ever-improving equity and asset management. The 10 years discounted cash flows model indicates that the company's stock is currently undervalued at between $4.39 and $5.64 (26.9% - 63%) Technical analysis indicates that bulls have oversaturated the market and we...

OrangeTrader93 Updated 

//Price Action Analysis// The candle will close @ 0200 UTC giving us an indication of whether or not UJ will continue trading along with the dynamic support line that makes the chart pattern.

OrangeTrader93

Price may move sideways or down before market volume picks up with NY on Tuesday.

OrangeTrader93

The FOMC had taken an expansionary position in April by dropping the fund rate to 0.25. We are to remain at this fund rate until 2023, when the FOMC predicts U.S. inflation will reach 2% (we are at 1.2% as of November 2020). This statement was met with glee from investors as we saw a reversal away from the downward spiral of the S&P500 (~67% upward) brought on by...

OrangeTrader93

Possible downtrend. Target fib has a margin of 1.28%.

OrangeTrader93

Price may restest dynamic resistance line.

OrangeTrader93

Those who have been following Community Health Systems since the firm's stock tumbled in October 2016 following the $7.6B merger with HMA may be wondering if the hospital giant has found its footing after three consecutive quarters of being EPS positive, rallying stock prices to a 52-week high record of $11.04/share. Today, I am here to tell you that this stock is...

OrangeTrader93

Combining dynamic trendlines to find the regression to the mean coupled with MACD and RSI to abstract contextual momentum and strength.

OrangeTrader93

Price usually tests this level before being rejected. Im selling towards the trendline till we see DXY strength weaken.

OrangeTrader93 Updated 

GJ showing promise of a downward move. This pair correlates highly with UJ so Im doing this with intentions to basket. www.myfxbook.com

OrangeTrader93 Updated 

CADJPY and AUDJPY should be sold to the .236 fib level. All pairs have high correlation. Basket trade. www.myfxbook.com

OrangeTrader93 Updated 

Trend should continue to go bear. Safe trading.

OrangeTrader93 Updated 

Wave three has officially reached the 2.168 fib level while RSI divergence is indicating a bold downward move.

OrangeTrader93 Updated 

USDJPY looking more bearish as the rally weakens.

OrangeTrader93

Bearish divergence has materialized for UJ. As for the Elliott Wave count, I have no idea.

OrangeTrader93

Buying pressure has weakened for UJ, if you want to add one more long position then here it is.