anders_21

anders_21

The ABC down stopped just short of the 1:1 at 0.38840 and is now forming an ABC up. The 1:1 of the ABC up gives us a target of 0.69729. The SRSI has moved out of Oversold but still has room to move up and so a TP target at the 1:1 seems a reasonable expectation. A SL should be placed at the start of the ABC up at 0.41096. TP - 0.69729 SL - 0.41096

anders_21

The C Wave of the ABC down stopped short of the 1:1 at 0.38840. It has since being moving up but still has remove for further upside towards the top of the bollinger band. With SRSI also oversold there is reasonable expecation of a further move up. TP - Set at the top of the bollinger band which is currently 0.61686 SL - Set just lower than the previous low at...

anders_21

GETTEX:SQR appears to be in the C wave of a large ABC. The 1:1 Target for this C Wave is 0.80946. The internal structure of the C wave however suggests that the C Wave might fall short with a 1:1 price target of 0.73866. The TP for this trading idea is therefore the lower price target of 0.73866 with the SL set at the B Wave of 0.41431.

anders_21

Trade Idea: Identification: Currently, GETTEX:SQR appears to have completed 5 waves up and is in a stage of retracement. It is also currently overbought on the 8 hour and daily. Entry Point: Consider entering a long position on the retracement paying attention to the 0.5 to 0.882 Fibonacci retracement levels. Stop-Loss: Place a stop-loss order just below the...

anders_21

Magic Square has broken above the descending triangle. A good exit target would be the height of the formation at 0.7853