Tesla, aka the "stock of 2014" looks like its wild drive might be coming to a temporary end. As much as I love this company, I see us at a temporary top, and I am looking for a shorting opportunity in the 265-275 zone. Wave properties since March suggest we are in a corrective ABC flat, and are close to the B "top". Other indicators such as RSI and declining...
Price has been trading steadily within a long term bullish Uptrend Channel, since Jan 2011 up till today (24 July 2014) Price has recently trace from High of around $81.00 (26 Nov 2013) and found support along the Uptrend Channel Line. We also note a minor double bottom (31 Jan 204 - 16 May 2014) within the Channel. This indicates a reversal of the bearish...
More upside in the second half of 2014 (min 1.40) -> Followed by a decline in 2015 (min 1.20),
Trading is like riding waves. It's like the market is an organism. Every action will create a reaction which is by itself a action for the next reaction. What does this mean to this chart? First wave: Someone bought the bitcoin price up (action). Someone follow that trend to earn some profit and also buy (reaction). It's starts to scalable. And more reactions...
Look at this picture, euro is in the stage of wave 5. in the present situation, wave 5 is more likely to be ending triangle.It has formed dot 1 and dot 2. Dot 3 is forming now. In consideration of daily transaction intensive area 1.4050-1.4100, I deem dot 3 probably in this area. Link dot 1 and dot 3, we will find dot 5. I think CPI of EU has fall to the...
In my analysis, wave 1 began from 2001-4-2 to 2008-7-14.wave 3 began from 2008-10-27 to2011-7-25. Wave 2 is between wave 1 and wave 3. Wave 2 had fallen below 38.2% of wave 1. According alternation principle, I think wave 4 have completed its goal. Wave 4 has reached between 61.8% and 50% of wave 3. I deem wave 5 began at 2014-1-20 . According wave theory,...
Euro has great influence on UXY. Several Europe economic indicators have got new higher scores. Recently Euro/USD resists bears attack at 1.3800. Federal Funds Rate is a good indicator to present attraction of USD. At some extent USD is not popular to speculator. Look at this picture, we can see wave five is failed. We can identify wave A easily. Wave A is...