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Google, 7 OCT - Elliott waves | Gann | Astrology $GOOGAlphabet, as expected, bounced off the 20 week MA (in red), and we closed longs at Gann level 2651. But the count hints at more downside in the mid-term. Since the ATH, price declined in ABC patterns, so that we can assume a WXY or a complex ABC is unfolding. If correct, sellers may step in at the 20D MA again. A possible area is the blue box (.618 to .786 Fib). Ascendant conjuncts natal Jupiter on 9 OCT. The following trading days 11-12 OCT have higher probability for bearish price action. We may watch out for an expansion of volatility again. A short idea could be interesting at that point, however needs further confirmation. ______________ www.constellations.trade In my analyses I combine Elliott waves, Gann theory, and planetary aspects to identify turning points in the markets & derive high-probability trading ideas. The strategy is to build leveraged exposure when markets are likely to expand, and to use options premium decay for consistent income when markets may contract and range. Open an account here if you'd like to support my work: TastyTrade America's best Options, Futures and Crypto broker start.tastyworks.com Deribit The world's most liquid Bitcoin options platform www.deribit.com Binance 10% off trading fees with this link: accounts.binance.me These abbreviations in the chart describe ideas that are provided as educational information and do not constitute financial advice: STO = sell to open BTC = buy to close BTO = buy to open STC = sell to close TD = Theta Decay (for example a strangle or iron condor) Disclaimer: The views and ideas expressed in this analysis are that of the maker. They are provided as educational information and do not constitute financial or trading advice.
NASDAQ:GOOG
by UnknownUnicorn12250317
EURUSD: Testing the channel's bottom and Sep- Nov 2020 lows.EURUSD is testing the channel as seen in the chart and the important Sept-Nov lows of 2020. The move is likely to continue even lower as the momentum is strong enough. RSI is at extreme oversold levels making a new low as the most probable scenario. We think that the 1.1600-10 area will hold the move for today. Although it is a risky trade we will at buy the 1.1600-10 area. We will set our stops below 1.1570 targeting 1.1630-40. There we will search for SELL positions.
Long
by Chartist-Trading
EURUSD: The Inverted H&S Formation is still in play.EURUSD. The bullish daily candle after the FOMC and the inverted H&S pattern that is forming in the 1H chart, are keeping the bullish scenario for EURUSD intact. We are holding our long positions open and expecting for an initial break of the 1.1730-35 resistance in order for our scenario to be validated (the upper trendline of the downward channel) . The break of 1.1750-55 with a dynamic candle will give confirmation. Initial target is at 1.1790-00 and next target is at 1.1825-30.
Long
by Chartist-Trading
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