CMI - Break above 215 should take this to 227-ishLooks like we're in the making of wave iii of higher degree (v) of one higher degree red wave ((iii)).
Riskreward
DAX - One more small push lower before rallying ? Excellent R/R!DAX - Turned into a Triangle here it seems.
I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515.
(It should ideally remain above 12463 since a close below that would significantly increase for bears to take over).
Alternatively, if price remains above 12682 and rallies above 12858, it would have important implications since that would make this correction a wave B Triangle and therefore we can expect one more wave C up before going to lower lows, below 12333 !!
TSLA - One more push lower before rallying way above 500 ?We're in a wave 4 that seems to be taking the form of a Triangle.
Measures have been respected for now, each leg being 61.8% to 78.6% of the prior move.
This makes us believe that wave D and E of the Triangle can be of the same proportions.
But if price keeps on going higher now, we could then be in Flat correction , which could take wave B up to the noted 1.272 - 1.382 zone before going back down to 350-ish (needs to be recalculated depending on B of course).
Bigger picture
Gold short into mid-OctoberHello!
The idea behind this trade is quite simple and has an insane risk reward of around 15x (the kind of setup I love to trade). Gold has had a crazy run this year and it's still quite overextended on the monthly timeframe.
Also for you TA freaks you can see a breakout from a "triangle". Just something to also take note of.
Good luck!
Tonis
EURUSD IDEABUY LIMIT at 1.16914
Term: Long
Risk Reward: 1:3
Take Profit: 180 pips
Stop Loss: 60
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DOCU - Going up but how much ? Going for 220 first, followed by 240 and 250.
If price goes above 220 followed by a wave ii correction down to 206-210, that would give the best opportunity to buy in and hold till 245 at first.
EURNZD - Let it go a bit lower before buyingEURNZD - Looks like that wave B finished and are now making wave C.
Ideal termination point would be 1.766..
If price stops and starts reversing from that level we should buy in.
Nasdaq - Correcting before continuing higherNasdaq - Correcting for potential red wave 4 before continuing higher.
Invalidation is at wave 1 high.
If price goes below that, it would make this rise a corrective move and would increase the odds for the indexes to continue lower
EURUSD - Patience !
EURUSD - Bouncing off the noted VWAP zone. We also got A=C.
Let's see how it will behave once it touches the orange zone resistance zone.
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Every Winning Trade deserve POST ANALYSISHi guys, this is my buy trade yesterday and now its on its way to take profit. Around 1:3 Reward will take it..
Points to remember
1.) Stick to your own analysis
2.) Reason why you trade this
3.) Exits are very important
4.) What is my analysis yesterday?
Hoping you can record your winning trades and repeat it over and over again
ROL - Higher prices comingROL - New one I'm adding to my long term portfolio.
Short term there are lots of opportunities here too.
ZM - Sideways correction before going for 608?ZM - Not looking great today. We got just 3 waves up... Maybe we'll see a triangle form.
Don't buy in again for now, let's see how things develop a bit more.
Eur/Gbp Sell Opportunity Weekly Outlook!!We need to see a clearly pullback before selling. Look at the post below to see what opportunity i will be looking for
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USDJPY on a support area , Long with proper Risk/Reward.as you can see price reached the last low of the chart , it acts as support area.
Also we have a very strong resistance area on top wich you can see has 3 reversal points , we have 50% Fibbonacci retracement level in this resistance area too.
RSI shows us good divergence.
I believe price tests the support one more time after the markets opening , that's a good entry point for long with a good R/R.
So our entery point is support area and we enter position after seeing candle confirmation in lower time frames.
Our target is resistance area and our stop should be little pips below the support area.
Don't forget to like and leave me any questions, comments or observations, thank you and have a profitable week.
