angles for wave 1,2 and 5 are all the same and 5 ends at the 300% Fib line. WHere I sold a Put was a good place to buy based on this analyis, will watch it for a more long term entry.
Solid Trend
$WDAY Workday deep into overbought territory now on the daily chart, with an earnings release coming early next week.
For a company still not making any money, it feels like a beat is already priced in. In my opinion, it would require a substantial beat and a positive guidance adjustment next week to get it over $155 in the near term. I'm expecting a correction...
Been had this one on watch because the setup is always a reliable one that uses the white curve (55 low MA) as a top caller based on the curve of the lows where 55 low uses 180 WMA as resistance - price drops as the white curve slopes to the most upward point without crossing over the blue 180. I tend to use the red vertical line just as a reference point to where...
Sucks it cost me 2k on the put spread I had bought
My minor cycles were totally off
The correct minor cycles exactly were predicting the move today and show it exactly as it happens now.
Big move to come though at mi/late June
We might get a higher high at this point due to previous all time high
but then retrace back to 23-28% fib and then rally again...
Nice move to the upside and crossing over the MAs.
I was just about to add some to my position, but this one got away as I was driving. This is a great lesson for myself to focus on taking the opportunity when i see it.
Based on my analysis ,
I notice that WDAY has right now entered a corrective phase which could potentially take it to the area of 109-111 by the end of May , beginning of June.
I post here only the weekly cycles , but the daily cycles also show a correction and negative momentum as well .
All the rallies should be sold on the stock in my opinion .
