Ratio_Trading

Ratio_Trading

After a 5 wave rally, the stock has corrected in a three-wave pattern. The correction has retraced 78.6% of the 35.03-47.19 rally and prices are rising again, breaking outside the wedge that has been forming since end of July. My take profit comes in at which the rally from the lows will be equal to the previous rally around 50.5 My stop is below the recent lows at 36.50

Ratio_Trading

The yield has just completed a prefect impulse cycle with a fifth wave projection at 123%. We recommend going short the yield (long the bond) with a tp target at 2.90/2.60.

Ratio_Trading

In spite of the negative market sentiment toward sterling pound, Elliott waves counts are still indicating that the pair is nearing the end of big downside cycle; then the sun will rise again. The immediate resistance lies at 1.0930, above here the market will proceed higher to 1.1250 and 1.1520. But it is worth mentioning that we don't rule out one more downward...

Ratio_Trading

Prices are trading in a corrective formation ahead of an impulse upward 5th wave. The next move will drive the market higher to 25.20, 25.50 and 26.10. We would recommend building long positions at market with a take profit at 25.20/50. A daily close below 20.00 would invalidate the upward scenario mentioned above.

Ratio_Trading

We still believe that the end of the big descending cycle is imminent. A big reversal will come into effect very soon. The 5th wave of a primary degree should be completed near 0.9835 and 0.9787. The next move will be the start of a new ascending impulse cycle. We still favor the "buy the dip" strategy.

Ratio_Trading

We see a long opportunity on the stock. Positions can be build at market with take profits at 116, 124 and 131. Only a break below 92.00 would invalidate the long opportunity mentioned above.

Ratio_Trading

Looking at the daily chart on Silver, we are currently trading in the 5th wave of a decline. While some short-term weakness is possible towards 18.45/18.18, we recommend buying at these levels for a move back towards 21.68 and 22.70. The bullish RSI divergence confirms our view as well.

Ratio_Trading

The daily chart of X (United States Steel Corporation) shows a clear five-wave decline coming to an end. While we might see a small decline still, we recommend going long here as this will be followed by a three-wave correction that could take prices back towards 25/28$.

Ratio_Trading

The momentum is still negative and prices are most probably heading lower near the 6-month low at 1787. The first support area lies at 1805/1787, below here the market will go lower to 1735 and 1702.

Ratio_Trading

The “B” wave has most probably ended at 1.0065 and the focus now will switch to the 3rd leg of the “C” wave. The immediate target lies at 0.9620/0.9550, below here the market will proceed lower to 0.9420 and 0.9225. We tolerate a small reaction to 0.9720/90 and 0.9830 before the market continues with its downward trend. Only a daily close above 1.00 would...

Ratio_Trading

Looking at the daily chart on Spotify, we can see a clear five-wave decline from the November 2021 highs to early May lows. We believe that a correction should take place, and recommend to go long at market, with stops below 89.00, targeting at least 140.00.

Ratio_Trading

As we mentioned on May 13 when the spot rate was 174, the market has found a floor at 165 and went into A positive reaction to 205. The upward move is not over yet and there is still an opportunity to go long again. We recommend buying the dip with a stop loss at 169 and a take profit at 245 and 280.

Ratio_Trading

We believe that the momentum is still down. Prices are most probably heading down first to 27150 and if broken 24130. We recommend building short positions at market with a tp at 24130 and a sl at 37000.

Ratio_Trading

Two weeks ago we mentioned that the pair has seen a floor near 1.0400/1.0350 and the counts suggested a potential correction first to 1.0640, 1.0745 and higher to 1.1050. The first two targets have perfectly been reached and the focus now is on 1.105. The momentum is still up, the major resistance lies at 1.0750, above here the market will proceed higher to...

Ratio_Trading

Looking at the hourly chart on the USDCHF, the pair is in the last leg of a 5-wave decline, with decreasing momentum, as evidenced by the negative divergence. This should be followed by a three-wave correction. While we do not rule out one more down move, we prefer to go long at market with a stop at 0.9575 and a take profit at 0.9770.

Ratio_Trading

Prices are still hovering near the descending trend-line level at 0.8470/90. A weekly close above here will accelerate the upward move that can drive prices higher toward 0.8620 and 0.8740 through 0.8530 and 0.8575. We recommend building long positions at market with a stop loss level at 0.8327.

Ratio_Trading

The index has most probably completed either the whole or the first phase of a correction. A daily close above 12275/570 is needed to give more credit for a recovery towards 13020 and 13640.Only a daily close above 15115 would eliminate additional losses for now and open the door to new highs. On the other hand, a daily close below 11015 would revive a downward...

Ratio_Trading

The Fund seeks to replicate the performance of an index derived from the metals and mining segment of a U.S. total market composite index. We expect a short term correction that can take prices higher to 57.00. We believe that there is an opportunity to go long at market and add position at 45.00