Nawaf__Q8

Nawaf__Q8 Updated 

I have strong believe in head and shoulders pattern particularly when it confirmed by break neckline as shown here. Buy near current price and stop loss is below 16.35 while mt target set at 22.5. Hope it good deal. By the way I am option trader rather than stock .

Nawaf__Q8 Updated 

Break any trendlines mean imerdiate buy or sell based on the direction where stock move. SL below valley or above last peak.

Nawaf__Q8 Updated 

Multiple reasons making MRK is so attractive to buy stock or option calls. Elliott wave count show that iv wave in undergo and not yet overlapped with wave i. Other reason is the price puased at 38% fibo. Third reason the EMA 70 is hold price from falling. I am in in call option and when wave iv overlapped with wave i I will sell my position. Remember I am...

Nawaf__Q8 Updated 

The correction wave in AUDUSD is very clear now and composed of wxy. I see there no space for more advance here unless the the top is broken. However the price at considerable resistance. we will see next week how will the internal structure of wave move?

Nawaf__Q8 Updated 

The price could fall to the support area near 0.742. Short is recommended after small pullback.

Nawaf__Q8

According to Elliott wave count, GS is about to advance one last time as wave V to complete the correction wave. As option trader I think there is opportunity to buy some calls when price close above trendline, and SL is near the latest valley. Target is 168$. Good luck. Remember, this is short term position and the target could be reached in few days or hours.

Nawaf__Q8

nice triangle but seem need some time. When the trendline broke get in.

Nawaf__Q8

your action based on the direction of breakout. Good luck

Nawaf__Q8

Nice triangle, just wait till break trendlines and buy or sell accordingly

Nawaf__Q8

Small flag in downside trend

Nawaf__Q8

After the huge rally, the price is resting and formed down-slopping pennant. I think there a good chance to buy some contracts here when price close above upper trendline. SL somewhere near to last valley.

Nawaf__Q8

Well, as @ewforecast mentioned in her/his post, the audusd is moving in side wave as correction wave either 2 or B. However there is a one last leg that will take prices to new low. It is good opportunity to sell it when wave c (blue) complete five minor waves.

Nawaf__Q8

Hi there, I believe the gold rally is getting low momentum and its price may drop like stone in water. But as I am a short-term trader I see there in good opportunity to ride last wave heading to a new top. Perhaps I will consider some contracts @ 1345 - 1346 for target @ 1354 and my SL is near 1342. Lets do some calculation: Est. profit = 1354- ((1345+1346)/2)=...

Nawaf__Q8

fib. 62% is a considerable resistance . The counting valid unless penetrate the yesterday top.

Nawaf__Q8

Continued.. the correction wave started from bottom of Nov with impulsive wave as a. the prices retraced to 38.2% of a. Finally, the c wave formed as diagonal wave. the negative divergence in MACD act as a key feature between wave 3 and 5. I suppose the HPQ reach to considerable resistance and the price could be decline when the c wave complete. I suggest to build...

Nawaf__Q8

I tried to count the HPQ according to Elliot wave principles and found something interesting. the C wave (which is still ongoing) started by top of 2010 forming complete impulse wave. Currently, the price in correction wave which is estimated end near to 38.2% of Fib. ret. This situation create good opportunity either short or buy PUT option of this stock. Next...

Nawaf__Q8

Actually I interested in options more than stocks, so, I prefer to use PUT rather than short. the GLD is under long-term-bearish trend as EM 30 showed. After reviewing most indicators I found no any significant signs of reversal or weaken trend. So, I suggest to buy PUT option of GLD for Sep strike 120 near to 2.5$ to make more than 100% profit. the stock target...

Nawaf__Q8

Actually I interested in options more than stocks, so, I prefer to use PUT rather than short. the GLD is under long-term-bearish trend as EM 30 showed. After reviewing most indicators I found no any significant signs of reversal or weaken trend. So, I suggest to buy PUT option of GLD for Sep strike 120 near to 2.5$ to make more than 100% profit. the stock target...