REPEUR trade ideas
REP/EUR One more wave up to around 14.5€Expecting one more wave up to roughly around 14.5€ to finish first impulse wave up(or just B wave).
1. Target around 0.618 fib(14.4€) which is also 2.24 fib extension of 1-2 wave.
2. Target around 0.786 fib(15.7€) which is also 2.618 fib extension of 1-2 wave.
REPEUR - double bottomLet's see if this will play out well. Seems like double bottom, there is divergence on 4H chart. I'll try to catch it on pullback with stop loss bellow 6.0 and marked targets at Fib levels. If things will look OK, I'll leave some part for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
REPEUR - if EWThis could fall in 5 impulsive EW pattern:
- wave 2 pulled back to 0.618 - 0.768 area of wave 1
- wave 3 reached just above 1.618 of wave 1
- wave 4 pulled back to just over 0.382 of wave 3
- we have RSI divergence between waves 3 and 5
Now correction should follow and then trend continuation. So trade idea is like:
- entry around point 4 (most corrections are to this area) with tight stop loss
- is stop loss will get triggered, new entry around 0.618 pullback of the whole EW range with stop loss bellow point 2
All entries and stop losses are drawn on chart.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
REPEUR - Hidden Bearish Divergence - ShortI wouldn't be surprised if REPEUR falls in the short term:
Price is already below the Ichimoku kumo cloud and there is also hidden bearish divergence, indicating the downtrend will continue (price is making lower highs but the indicators are making higher highs)
REPEUR Bullish BAT setting upReally nice looking BAT setting up. D is probably at 78.6 although it could do down to 88.6. I think 78.6 as there is a 1.272 ext of and ABCD at same level and weekly S3 is a little below that so anywhere in the green box on chart is a place to get long. Target is missed weekly Central Pivot.
Will update as it gets closer
AUGUR is ready to goBreaking of 27.887 resistance is a good sign for a an up trend market and it's even get better with two candle stick pattern. The first one is an engulf pattern which has a good Penetration in 27.88 resistance and the second one is the pin bar which also make a penetration just like the other pattern and if the candle after pinbar close like what it's now it will be the confirmation too. Also pin bar is between 9MA and 18Ma which is a buy signal.
So best strategy for entering this trade is to put stop loss on 26.77 and the targets has shown on the chart.
REP Breaking triangleAfter first push until previous all time high, REPEUR breaks out of triangle in a bullish way.
Based on Elliot wave counting, I expect the upward wave to hit Fib 1.618.
MACD is showing turning direction in bullish trend.
Buy target: 24 - 26.5 euro (break of previous high)
First stop: 33 euro
Second stop: 40.5 euro
Good luck.
Augur finally movingLast days Augur (REP) finally rallied up hitting the September high of 26 EUR.
From an Elliot wave perspective:
Possible ending of wave one due to cooling down of price action. Expected pullback of wave 2 around 19 EUR (Fib 0.5) Wave 3 expected to go until 41EUR (1.618) which would be new all time high. Resistance expected around previous all time high which is Fib 1 level. Wave 4 pullback until previous high again (40.5 EUR, fib 0.382 which is normal for wave 4 pullback)
Indicators show overbought position and therefore pullback expected which could be a wave 2. MACd shows positive upward trend wxith open crocodile mouth.
Possible buy in; 21 EUR which is after Wave 2 retracement