Look's like Wave 4 is complete and heading for Wave 5, potential $90 is coming.
TSX:TD Nearing the 200EMA on the weekly chart. Acted as a nice bounce spot every encounter in the last decade. Considering market environment I will be playing this very safe and waiting for some kind of confirmation before entering a long position. Any kind of daily closes under that range will be enough for me to pass on this trade. Entry - $65.24 StopLoss -...
Looking at a daily close under $69.20 for a short opportunity. Price is testing a horizontal that acted as strong support twice recently. Coupled with a 100/200EMA cross and current market situation will lead to a break in my opinion. Entry: Would like to see a strong break of support and take the first retest to the $69 area. Stop-Loss: $70.10 Take-Profit: $67.66