Fill: 0.54 Credit Strikes: 400/395 Max Risk: 500-54 = 446 This was an order that I had been sitting on all day, trying to hold myself back from reducing my target price. Ill be honest, I liked these strikes so I wanted the trade. Reasoning: 1. Large move down today, attacking prior lows - This is jumping the gun a bit as I usually wait for some confirmation of...
Hello everyone. After days of bleeding, finally Chinese stocks started a rally today after being hit by tightened regulation in China. To map out the possible future move, I put Hang Seng index and the big familiar tech names, e.g. Tencent, BABA and Meituan on the same chart. The analysis is carried out on the daily timeframe. Hang Seng Index: Lower low...
This forecast revolves around the ideas published by Edgar Lawrence Smith in the 1930s. He noted that the broaded markets trade in a 10 year cycle starting with the years that end in the digit "1". The forecast expects bearish pressure coming into September/October before returning to ATH levels.
It just touched its bear channel’s resistance. There are two possibility: to break the resistance and go to 25,800 or 25,950ish; or continue its bear trend to 25,200 or even lower.
Dow Jones touched its high on April 23, 2019 but it couldn't pass through it. And it tried to break through the resistance area but failed again for the second time on May 1, 2019. Probably its's a sign that it's time for the index to move down to its major support area at around 23,570 within six to ten weeks from now if it goes below 25,780. There is also a...
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