The stock just completed and broke out of wave 4 ending diagonal. I'm waiting for a break and retest of a potential bearish flag.
UKOIL just tapped into 38.2% - 50% buy zone. We are anticipating a bullish rally off wave 4 termination.
USOIL is here to close the gap and complete wave 4 at 38.2 - 50% Fib level. We'll be looking to buy it to $90.
The Aussie gained strength, breaking structure and leaving an Imbalance. We'll be looking to buy at the order block marked there.
The stock has been consolidating in a Triangle for quite some time now and it's completing leg "e" of the triangle. We are preparing to short the stock.
The pair has completed the b-wave and is displaying a Head and Shoulders pattern. We will wait for the neckline break for sell confirmation.
On my previous post I shared my long term bearish outlook for this stock. Here's a buy setup/opportunity for day traders.
The stock is trading in what seems to be c-wave ending diagonal. We have Earnings coming up this Tuesday and price is consolidating in anticipation for that. Technically price is building up b-wave of the yellow "e". The break of the bd line will be a confirmation of sells and 285.96 will confirm that the bearish run is back.
Sanlam is trading in what I believe to be a triangle at X-wave. A breakout to the downside will confirm our bearish bias.
The pair has completed wave 2 and it is commencing with wave 3. There's an unmitigated order block at 1.0872 price level, which is a high probability price of interest.
We believe the pair is completing wave c of X in a WXY correction and we'll be looking for selling opportunities upon wave c termination.
I'm anticipating an inverse H&S pattern on this stock over a long term. The channel will provide a critical support levels from which we expect the stock to bounce.
The stock is completing the "b" wave of an abc correction of Y. We anticipate further drop to $120-$100.
The stock completed a Leading Diagonal at wave A and looks set for a minor rally to complete B wave of an ABC Correction.
Bull cycle complete, now it's correcting. The market moves in cycles/waves, Impulse and Correction.
I believe the stock has completed wave B of a zigzag Correction. It closed the week with a Dragon Fly doji at 161.8% Fibonacci ratio. We have 5 sub-waves on Wave A, 3 sub-waves on wave B and I'm anticipating 5 waves down to complete wave C.
The stock is showing a bullish flag. It is always safe to wait for a breakout to confirm the pattern before you can take any decision.
The stock, just like most that rallied pre-lockdown, is completing Wave 4 Correction. After a Correction comes a rally.