4BRK trade ideas
BRK.B - the last rally before huge pullbackBRK.B needs the last five wave rally to complete the grand wave 3 which started in February 2016.
Once it tops we should see a very deep pullback in the wave 4 down to 179 - 171 area
RUNS - Consecutive Higher or Lower BarsRUNS.
I define these as consecutive days where the high is higher than the previous high and low is greater or equal to the day before. The reverse for down drafts. The meat of most moves will, more often than not, comprise of these runs.
I would love if someone could build a study that not only tests this idea, but also uses this as a direction bias on a higher period but trade on a shorter period. Ex. If previous Day bar was part of an UP RUN, take only long signals on the same indicator for a 5 minute period.
The stops would naturally be the previous day(period) high plus one tick for shorts and the previous day(period) low minus one tick for longs.
I have tested this on other systems for only one period but never layered multiple periods. This has been a good "indicator" for me for many of my 30 years+ in the markets. Many stocks tend to follow this sort of momentum very well. Whipsaws occur often enough but are usually quite small. I have not a significant grasp of Pine yet to pull this off. My attempts were not good.
My Idea of Berkshire HathawayBRK.B is a very long term stock, as seen on the trend of my analyzed chart. The key requirement of long term stocks is sturdiness. This stock has proved this by having a high market capital, and upward trends.
Short term play on BRK.BLong on Berkshire Hathaway B as it finds support. movement through the moving average should see a move and test of the recent resistance point
Berkshire Hathaway to fall?BRK.A appears to have completed the 5 wave elliott wave structure and is showing signs of downward movement.
It seems to be creating a 5 wave structure downwards, which would be the A wave of the corrective cycle.
Wave 3 is currently in progress and I would anticipate some consolidation around the trend line to confirm the 3rd wave continuation to the negative fib levels.
Alongside this, the moving average also seems to repel prices downwards.
From there, there is still a further 2 waves before the A wave is completed.
The fourth wave cannot enter price area of where wave one terminated. This is shown by the horizontal line.
A will most likely finish around the area of 240,000.
Again I am trying to apply my analysis to as much as possible. Any feedback is appreciated.
Thanks.
BRK.A for futureIn my opinion I think this stock will go up short before having correction in future
BRK.B 18-Dec-2017 Ranging $195-200BRK.B is moving upward making new highs and ranging between $195-200 since the 1st of December 2017
Box 1: 195-200
Box 2: 189-195
Box 3: 194-189
Next action:
Limit BUY at 200.0 Limit SELL at 194
Berkshire Hathaway - looking for a topI did a chart a while back on this calling a top and it blasted higher so you'd think I'd learn but this chart suggests that 5 waves may be very near to completion and so a decent correction could be expected. I like the way that over and over again the same fib numbers come into play as they do here and the pitchfork has acted as a barrier on a number of occasion. I actually think there may be one more very small leg up but the fib numbers fitted nicely for this analysis.
Buying the dipBRK 5% off it's highs give a nice discount to a solid stock. PE slightly less than the S&P. Coming close to its 200 day MA which it has been able to bounce off of every time in its come close and even broken in the last 2 years.
Berkshire Hathaway buy opportunity2h time frame shows that BRK.B formed flag. After possible bull trap near 190 price can reach support near 188 and then may grow higher again
