Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I am seeing this this trade as the end of a 5 wave pattern. I am trading the z wave down and also the trade back up . The R/R is good. trade responsibility with an established trade strategy.
reasons: 1. end of possible 5 wave structure 2. confluence with 1.618 and monthly pivot 3. completion of larger B wave to start C wave
double top formation with a rejection at the neckline, price went to the neck line and was immediately rejected Although i trade using technical analysis 90% , this is the 10% of time that fundamentals come into play. I am not going into this trade strictly because FOMC is tommorow. But i think it is a very much so a valid set up for those who would like to...