Long-term logarithmic viewBRK.B since inception on log view with 200 day exp moving average. We see that we are in a late cycle boom now, and quite far from the 200d EMA. May go up in short-term as others have suggested, but I would SHORT in the long term and wait for prices to cross EMA before going LONG.
BRH trade ideas
BRK.B What is going to happen next?Looking at $196 at Support and $212 at Resistance
Holding Period: 1 months
Potential Gain: $6
Reason:
It is Berkshire Hathaway Inc. (BRK-B)!!!!!
Not Confident that it will go uptrend?
Wait till golden cross at $196
EMA 20,50: short term downtrend
EMA 200: long term uptrend
Volume of trade: Normal
Market Sentimental: Consolidation (Consfused)
Reason: Trade War, causing short term emotional panic
Let me know if you have any comments.
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.
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.