Get started

Bankstocks

BAC Elliott Wave View: Ready To Resume Higher?Hello Traders, BAC short-term Elliott wave view suggests that the rally to $31.49 low ended red wave X bounce. Down from there, the decline to $30.08 low ended red wave Y & also completed blue wave (2) pullback. The internals of red wave Y unfolded as double three structure where black wave ((w)) ended at $30.62 low as zigzag structure. Up from there, the bounce to $31.09 high ended black wave ((x)) bounce. Then finally, a decline to $30.08 low ended black wave ((y)) in 3 swings as Zigzag structure. Above from there, the stock is expected to resume the next leg higher in blue wave (3). However, a break above $31.91 August peak remains to be seen for final confirmation of next leg higher. Up from $30.08 low the initial rally higher to $31.37 high ended black wave ((i)) as impulse structure. Near-term focus remains towards $30.48-$30.35 100%-123.6% Fibonacci extension area of blue wave (a)-(b) to end the 3 wave correction in Minute wave ((ii)) against $30.08 low cycle. Afterwards, the stock is expected to resume the upside looking for more upside. We don’t like selling it.
NYSE:BAC
by Elliottwave-Forecast
The Dollar is King This chart shows a relationship that every trader who is serious with the business has to keep in mind. The dollar is king, A STRONG DOLLAR ends up WEAKENING EMERGING MARKETS . This causes a capital flow away from them into safer dollar assets. Right now , my game plan for the foreseeable future is to look for a short with good risk reward in the EEM as a whole , or break it down into its constituents and look for specific shorts in its holdings. This dollar strength will also affect commodities , Stocks tied to commodities , XLE , and a myriad of other assets Exciting times.
AMEX:EEM
by mberoakoko
OMGBTC (OMISEGO Token) Ready, Set…………..!OMGBTC (OMISEGO Token) 05/26/18, 8:15 PM EST, by Mike Mansfield Good evening, trader friends! Thanks for stopping by. No, no, no, I am not here to wrangle a thumbs up from you on this one. However, if you just love any of the other forecasts, feel free to like away! ;-) OMISEGO sounds a bit like what “oh my gosh” would be in another language. Perhaps you can relate to the following statement: "Sometimes I literally “know” what an outcome of a chart will be with a high degree of clarity, probability, and ultimately accuracy." However, this is not one of those times. I can rationally make the case for several outcomes. That is not something I love….but since someone asked for this, I’ll map out the 3 patterns and their likely paths and change of trend times and price areas to watch for. BOTTOM LINE: UG! We have patterns within patterns, but the cycles look good! Pattern-1 is long-term neutral: Large triangle wedge pattern (lime green and dark red lines) may be forming. If correct, it is unfinished and will have at least one, possibly two, more legs down toward the red long-term support trend trend-line, before we can say for sure if the pattern will resolve to the upside and moonshot, or tank into crypto oblivion. Pattern-2 is medium-term bearish. Maybe: Bearish rising wedge (cyan blue trend-lines) lines are converging in an upward direction. But it’s not super perfect pattern, as they sometimes look. Rising wedges typically resolves to the downside in a significant way. Moreover, OMG broke the lower support line at the recent May 23 low, which likely means eventually lower prices. Pattern-3 is short-term bullish: Falling wedge (yellow downward trend-lines) is short-term bullish and no matter what, a cyclical bounce is due now based on the two quite accurate cycles thus far. CYCLES: Two nicely aligning cycles lows are nesting now (making a low). OMG should have a tradable rally to the green downtrend line. Green cycle moving up and due to peak June 18, Green cycle bottoms again July 15th. Pink cycle is also moving up. Both the pink and green cycle are both due to top around August 10 also, =/- 2 days. INDICATORS: Klinger Volume Force is in a wedge. It also supports the idea that the eventual breakout, up or down, should be big. MACD is rounding in line with cycle lows due any day now. SUMMARY: Short-term pattern and cyclical are bullish for a bounce, or more, perhaps until mid June. Then, another selloff back to the lower cyan support trend-line, in alignment with the cycle low of the shorter-term green cycle, while the larger pink cycle is moving up. OMG with then either breakout the upside in line with the pink cycle moving up until about August 10th, while the pink longer-term cycle is also moving up and blast off. If the breakout does not happen by the peak of the Pink cycle (Aug 10th), then OMG is very bearish, and the bigger triangle/wedge will likely end badly for OMG. If OMG breaks out to the upside between now and June 18th, then it might retest the breakout line or pullback around July 15th then have a cyclical peak August 10th +/- 2 days. POTENTIAL TRADE: Consider looking for a short-term cyclical long trade. Lower risk area could be at the first higher swing low once a 34-50 bar EMA average (or something better) turns up and price is also closing above the average. If The trade doesn't move nicely after the first or second pullback on a 240 minute chart, then the outlooks would be quite bearish short-term and long-term. DISCLOSURE:   This analysis is meant for educational purposes only. You trade at your own risk!   Cheers!  Michael Mansfield CIO  
Long
by UnknownUnicorn1613901
2
Going long NBN on MondayNBN is printing a bullish full-body candlestick over candlestick price bar on heavier above-average volume with my momentum/trending oscillators confirming the price move. I am going long NBN on Monday using a limit (GTC-BUY-LMT) order @ 25.20. I will have two trailing sell stops (GTC-SELL-STP) @ 23.35 and 22.70 to protect my initial invested capital in case NBN does not move higher immediately. I am expecting a measured move similar to the previous uptrend from November '16 - October '17.
NASDAQ:NBNLong
by BigWaveTrading