Greetings traders & readers, This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups. To learn more about the Premium trade setup (PTS). click the link below, www.mytradingcourses.com Now lets deal with the analysis in weekly time frame and just understand what is happening over there. We have already...
Downtrend - S/L 0,76250, T/P 0.71500
SPX rallied strongly in what looked like a giant short squeeze and broke the green line (see previous idea). Also spiked above the melt-up channel. So that only leaves 1 bear option and one bull. After the spike above the melt-up channel, it reversed strongly and now broke below it. Which is a bearish reversal, in my view. Lows at red "or 3/C" should be taken out...
The picture is still bearish following the Brexit crash, but lots of options on the table as of now. We have 3 waves into the lows, so the bullish option is that a simple a-b-c correction finished at the lows and now we should go up (I see this as the underdog as of now). 2 bearish options open now: - most bearish is a bear nest - a series of 1-2 waves which 3...
Bought a call option at the bottom on wave 2. Buying options for this trade to expire at the end of the week because this isn't a fast moving pair, none the less I think this is to rise up to 82.00 ish
hi Readers, The Chart deals with weekly time Frame As we now Know that the wave Y in Grand Super Cycle degree & hence the initiation of X wave after Y has pushed it to new highs, say to the current levels. The important idea is that the W within the current X wave in one lesser degree has been progressing as w,x,y,x & z within which waves W,X & Y are completed....
Simple Elliot wave formation and we can clearly see that Wave C is yet to form The trendline marked offers strong support to price and if its broken a good downward move is possible in HCL Technologies Limited. Can bounce up on trendline touch so watch closely. Check your stops and targets before entering the Trade. For, Instant chart/Trade Idea updates...
Chart shows that the price is on its way to completing the third wave up. Sell the third wave down.