Stoic-Trader

Stoic-Trader Updated 

Chart says it all...

Stoic-Trader

I really hope this is not what happens, but it is a scenario that should be considered in your risk analysis based on last week´s candle.

Stoic-Trader

It´s all on the chart...

Stoic-Trader

All is explained on the chart...

Stoic-Trader

Looking for a short trade on $ABT. Chart is self-explanatory (I hope). Wait for reversal clues between 66.5 and 67 levels before trading, since this is a counter-trend idea.

Stoic-Trader Updated 

As per my EW count, we are beginning W-5 that should take us at least to the 1.87 - 1.90 region. We are currently undergoing W-2 correction, that has a confluence to finish in the 1.845 to 1.85 range. 3 confluence factors: 50% - 61.8% retracement from W1 123% - 161% extension for smaller degree W-a to W-b Support in the 1.85 level I´ll be waiting for...

Stoic-Trader Updated 

The DJI / US30USD is testing a major bullish trendline, which coincides with major support @ 23k. RSI, MACD & Stochastics are all entering oversold territory. Daily candles have also distanced too far from the 200 MA. Too early to say if we've touched bottom, but with the confluence above we should at least expect a short term bounce. Initial target is the...

Stoic-Trader Updated 

The Bovespa Index (IBOV) tried to breakout from resistance @ 87-88k, but only managed to make a false breakout, hitting 91k, and then returning aggressively below that same resistance. After the very bullish candle on Dec 10th, the next 4 days couldn't even touch the high from that candle. Therefore, it seems to be only a healthy retracement before continuing...

Stoic-Trader

Even though AUDCAD has been rising sharply since early October, we are still in a downtrend in the daily and weekly charts (below the 200 SMA). This rise could be Wave 4 (green) which is facing strong resistance at the Wave 1 level. If this wave count is right, we could have a drop of hundreds of pips (500+) during November/December, with a tight stop loss. ...

Stoic-Trader Updated 

USDJPY seems to be in an ascending diagonal for a Wave C (black). I expect some more short-term downside for one more lower low, probably testing 111.50, in a confluence of a support region, 0.618 FIB, and a rising trendline from March. A LONG trade can be taken after breakout of the October descending trendline. My first target is at the 100% extension of A->B...

Stoic-Trader Updated 

OK, my time to call bottoms on BITFINEX:ETHUSD ... The low from July 2017 sits around 135. This low could be Wave 4 on the impulsive that went up to the 1400s. So this could also be a target for the retracement we've been on since January highs. We also have a pretty clear trendline that has to be broken in order to have any expectation of a new...

Stoic-Trader Updated 

A H&S pattern is forming on the D1 timeframe on DXY. This also coincides with a possible Elliott Wave count as shown on the chart. Entry will be after some confirmation of B wave being complete (aggressive), or after break & retest of the neckline (conservative).

Stoic-Trader Updated 

The Nikkei 225 is currently testing a major key level. This level has been touched more than 10 times since 2017 (I was lazy and only drew the 2018 touches on the chart). This level also coincides with the .50 and .618 fibs from the previous swing highs. Also, price action doest not seem to be decisive enough for a break. You can see that most past breaks of...

Stoic-Trader Updated 

AUDCAD is making a retracement on its longer term downtrend move. We are probably on W4 (red) on a larger W2 (blue) and even larger W2 (green). I expect pullback to be limited to W1 (red) bottom @0.96583. We also have a couple of trendlines that serve as resistance. Target is minimum W3 (red) bottom @0.94178, but W5 (red) could extend a lot further.

Stoic-Trader Updated 

Arcellormittal formed an inverted H&S on the Weekly timeframe. Neckline has been broken and retested, and is currently rising on a nicely defined wedge. Leg D-E is underway, and should take us at least to the 35-40 range in the following weeks, which represents a 30-40% gain. Most probably entry point is @ 27.550, which would be leg 2 of D-E. In the H1...

Stoic-Trader Updated 

USD/CAD is following FIB levels nicely on the downfall. Retracement to .382 @1.29486 indicated trend continuation to the downside. A pullback to .618 on smaller timeframes is underway (@1.28936). Looking at the general trend, and with considerable resistance @1.29, the pair is expected to continue falling from this point. Target is the 1.27697 to 1.27924 area,...