We may have a complete expanding flat and a valid trade setup. That's why I placed a pending order. If it breaks the low, I'll move SL to BE and see how it will go. My main concern is the size of the current correction. It seems small and after a new low, it can start making a bigger one. But I want to be in the trade since we can have a big drop.
Price collapsed due to Public Offering Huge investment on the company (24M$) Previous earnings were positive, growing business 4$ is a GREAT price Multiweek / Multimonth depending on TP
Medium Term 6 to 12 Months : MASTEK BUY/Accumulate CMP 694 Target 1000 Stock has given breakout with heavy volumes on weekly chart.. It tried to break resistance multiple time since March 2018. (Do your own research as well before investing in stock market as it carries risk)
AAPL has been trading in an ascending parallel channel for a while now, if we ignore the SPLIT price spike. The current price is near the bottom of this channel, and the long term future of AAPL seems pretty good, short term seems volatile with further anti trust suits . There's a good chance the price continues sideways, for a few days before heading upwards.
Hello Traders If the B is an expanding flat, the previous low shouldn't be broken. That's why I took a long trade from the bottom but it was a risky entry. That's why I risked only 0.25%. After that, it bounced back. So we can have a reversal impulse, and now, a correction is in the making. When I see a complete regular flat, I'll place a pending order over the...
Hello Traders Since my forecast is a bigger correction, I'm looking for short trade setups and the channel can be one of the best reversal structures. That's why I placed a pending order under the last low. Trade with care. Bulent
Hello Traders One more upward impulse for a bigger complete correction is unnecessary, but the downward movement looks like a correction. That's why I'm looking for long trade setups. The last low was 0.618 retracement of the A wave and 1.272 extensions of the blue "a". We got the reversal impulse. Now, I'm waiting for a correction and a trade setup to place a...
Hello Traders The last low can be the correction's end, and the sharp bounce-back can be the reversal impulse. If so, we should have a pretty strong upward impulse after a correction. That's why I'll take a long trade if it makes a correction. But my expectation is one more downside after a running flat. If it drops and gives me a trade setup, I'll buy it. Trade...
Hello Traders Although I like neither the downward movement as a whole correction nor the sharp upward wave in the middle, I placed a pending order over the last top and I'm in the trade. If the previous low (orange B) is the end of the weekly regular flat, we can see a pretty strong uptrend any time soon. To wait for a small correction to take a long trade can...
Hello Traders After the last top, it dropped fast and now, it looks like a correction is in the making. So my forecast is another drop. That's why I'm looking for short trade setups, and to place a pending order, I'm waiting for a reversal structure. The downward impulse can be the C wave inside a correction, which will be completed over the green trendline....
Hello Traders My forecast is more downside under the trendline. That's why I'm waiting for a correction to take a short trade. Trade with care. Bulent
Hello Traders The last low can be the end of the bigger correction, and what has been made after the last low can be the reversal impulse. If so, we should have an upward impulse, which will break the previous top. That's why I placed a pending order and I'm in the trade now. The risk here is the downtrend line. If it's broken, I'll buy more after a bigger...
Hello Traders The last low can be the end of the daily running flat. I'm waiting for a reversal pattern to place a pending order. I hope in the worst-case scenario we will have a big enough correction. So we will be able to move SL to BE. Trade with care. Bulent
Hello Traders We may have a complete regular flat. That's why I'll take a short trade if it gives me a valid trade setup. As you can see, a very important Fib confluence level was tagged. We can get the reversal impulse soon. That being said. There is no divergence inside the C wave, and there is another strong confluence level, which might be reached. So we can...
Hello Traders My forecast is a pretty big upward impulse. If the previous downward structure was the whole correction, which is questionable, we will probably see a running flat over the blue trendline and more upside. I'm waiting for the end of the C wave and a trade setup to place a pending order. Trade with care. Bulent
Hello Traders If the green C wave is the end of the daily running flat as I considered it, The upward movement should be the reversal impulse. What we have after that should be a complete running flat. So the last sharp movement should be the starting of the next impulse. Now, I'm waiting for a correction and a smaller trade setup to place a pending order. Trade...
Hello Traders If the blue C is the end of the daily running flat, we will probably see a correction over the green trendline and more upside. And, it looks like we have an expanding flat. Now, I'm waiting for a correction or a new low and a reversal pattern to place a pending order. When it breaks the last top I'll move SL to BE. My minimum target is...
Hi Traders, Gold was in a monstrous uptrend since covid - 19 outbreak. Now price has retraced and tested a key support level (yellow). A break above the trendline can result in price testing the highs(Red) again. In case of a downward break price could test the next immediate support level(Green). For queries pls comment below.... Happy Trading...