Strategy Name: 161 Rejection
Type of strategy: A reversal strategy.
Conditions for use: This strategy is used if there are valid Elliot wave trend legs. It is used to attempt to trade the reversal of wave 5 into the ABC correction.
Drawing the fib swing:
In Elliot wave, there should be a consistent trend and then this starting to get a bit more messy. The...
will consider close the position if it broke below the channel(bought @172 previously)
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my...
just a note.
NB: DO MIND that These analyses I posted here are intended as my notes and not as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
As you all know the book written by nicholas darvas in 1959, emphisized on the volume and price action on weekly magazine called Barton. This weekly magazine contains information about price action and volume and also about company business and important fundamental indicator.
This screener on weekly data and hopefully could some how functioned as Darvas Barton...
Secara trendline, KIJA masih cenderung uptrend. Kalau mau entry, bisa di sekitar garis trendlinenya (170-173), dengan level stoploss ketika break trendlinenya (< 168). Target sih nggak muluk-muluk, ganti fraksi saja sudah happy. MACD cukup mendukung karena bertele-tele di atas dan histogramnya cenderung menghijau.
