6501 - 4 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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HIA1 trade ideas
Good solid stock.I can't believe no on has published ideas on this solid stock. I'd like to see all those publishers and Idea people out there share their ideas on this one b/c this one has been very good to me. I am hoping they are getting into generation iv nuclear. Id' like to find more generation iv nuclear. We need some hope in our economy before the inflation apocalypse. We need nuclear energy and the Green Nuclear Deal to power up what will hopefully be huge amounts of manufacturing in the United States. We need nuclear so we can procure space. Own Space. Own the universe. Just some ideas
Hitachi Ltd (6501 - Tokyo) - Updated EW count - from previous Hitachi Ltd (6501 - Tokyo) is in 5th internal of 3rd minor of C wave up, which is about to end (if not extended further). Thereafter 4th wave correction will start, which will give opportunity for small trading. Alternatively it can be major 3rd of C wave, but next correction size will reveal the count. As per previous update, it is in uptrend either corrective or impulse.
Hitachi Ltd (6501 - Tokyo) - C wave upHitachi Ltd (6501 - Tokyo) is in Technology stock in Japan, which in WXY pattern in Weekly time frame from 2010 low and currently in Y wave up in ABC sequence. Price is in C wave up, which confirmed when it completes five wave sequence in smaller time frame say 60 min. In 30 min time frame it made A wave up followed by complex B wave. Now C wave up is in progress with 3 wave set up. Within this week the earning will be release after 4 days. 3293 is the level which is currently acting as resistance and once it will broke, price will be rallied so fast towards C up.