The price could fall to the support area near 0.742. Short is recommended after small pullback.
According to Elliott wave count, GS is about to advance one last time as wave V to complete the correction wave. As option trader I think there is opportunity to buy some calls when price close above trendline, and SL is near the latest valley. Target is 168$. Good luck. Remember, this is short term position and the target could be reached in few days or hours.
nice triangle but seem need some time. When the trendline broke get in.
your action based on the direction of breakout. Good luck
Nice triangle, just wait till break trendlines and buy or sell accordingly
After the huge rally, the price is resting and formed down-slopping pennant. I think there a good chance to buy some contracts here when price close above upper trendline. SL somewhere near to last valley.
Well, as @ewforecast mentioned in her/his post, the audusd is moving in side wave as correction wave either 2 or B. However there is a one last leg that will take prices to new low. It is good opportunity to sell it when wave c (blue) complete five minor waves.
Hi there, I believe the gold rally is getting low momentum and its price may drop like stone in water. But as I am a short-term trader I see there in good opportunity to ride last wave heading to a new top. Perhaps I will consider some contracts @ 1345 - 1346 for target @ 1354 and my SL is near 1342. Lets do some calculation: Est. profit = 1354- ((1345+1346)/2)=...
Continued.. the correction wave started from bottom of Nov with impulsive wave as a. the prices retraced to 38.2% of a. Finally, the c wave formed as diagonal wave. the negative divergence in MACD act as a key feature between wave 3 and 5. I suppose the HPQ reach to considerable resistance and the price could be decline when the c wave complete. I suggest to build...
I tried to count the HPQ according to Elliot wave principles and found something interesting. the C wave (which is still ongoing) started by top of 2010 forming complete impulse wave. Currently, the price in correction wave which is estimated end near to 38.2% of Fib. ret. This situation create good opportunity either short or buy PUT option of this stock. Next...
Actually I interested in options more than stocks, so, I prefer to use PUT rather than short. the GLD is under long-term-bearish trend as EM 30 showed. After reviewing most indicators I found no any significant signs of reversal or weaken trend. So, I suggest to buy PUT option of GLD for Sep strike 120 near to 2.5$ to make more than 100% profit. the stock target...
Actually I interested in options more than stocks, so, I prefer to use PUT rather than short. the GLD is under long-term-bearish trend as EM 30 showed. After reviewing most indicators I found no any significant signs of reversal or weaken trend. So, I suggest to buy PUT option of GLD for Sep strike 120 near to 2.5$ to make more than 100% profit. the stock target...