The brilliant thing about good news in stock trading is that it opens up opportunities for both bulls and bears. Bulls want to jump in on the hype (along with the herd) hoping that some other bulls jump in right after they do so that they make money. They expect to buy and hold because the company is seen to be in good shape. Bears, on the other hand, look for...
Great buying opportunity on TSCO PLC. A double bottom has occurred around the 160.00 area and it has since bounce upwards and broken through the 200.00 psychological resistance number. support of the fast moving average too. target 1 300.00 which is support turned resistance. will evaluate once it reaches target 1
The DAX has had a huge rally of 36.51% from the October low, 22.55% in 2015 and 11.46% from the ECB's announcment of euro style QE. This is a huge rally that could enter some resistance with the start of the ECB's QE starting in March. next week the ECB meets on the 5th and could create a news reversal. IMO this current rally since the ECB announced QE could be...
COULD BE AWHILE BEFORE TARGETS ARE HIT AND PULL BACKS WILL OCCUR! THIS IS A MAJOR SWING TRADE SMALL STAKES, REAP THE BENEFITS!!!
As price is currently in a consolidation phase, we have a potential Gartley pattern forming. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
DAX Resistance The DAX is currently in a very strong resistance zone. In fact many of the largest stock indices are also in the same position please also see my trade on the FTSE (Global Equities Turn-Around) It has touched this level 2 other times this year, we have seen several retracements on the dax this year and this seems to be where it stops the...
There is no considerable update until from last update. Cycles I follow are very bearish for the upcoming weeks. So I am some cautious. Better just watch this market from outside
As we do have two missed pivots in row above the price technically and some level of uncertanity in the market it brings opportunity to go short on the break of the rising turbo purple trend line. Go short targeting nearest support level around 6780 and more depending on price action around this level. Stops above the recent highs. Happy trading!
Even though pull back ratio is not perfect it looks wave iv is forming. Then we will probably complete wave v of wave (c) around 5958 or 6991. From this point we will go don to complete Wave (iv). Whenever Wave (v) of Wave of Wave completes, this market may enter a rather long bearish development
I shifted my outlook to Neutral because we are now in a very strong resistance area of Daily TF Murrey Math Resistance level where we several times failed to go above. I expect one more higher high to correct down for Wave iv of Wave (c).