Ratio_Trading

Ratio_Trading

Ever since it hit a high of 701.0 back in November 2021, Netflix has fallen dramatically to trade at 162.71, its lowest level since August 2017. Looking at the daily chart, a clear 5-wave decline can be seen, pointing to an imminent correction. While we do not rule out small losses still, we recommend to go long at market with a stop at 124.0, targeting 280.0, the...

Ratio_Trading

Regardless of the negative attitude and tone toward the EUR/USD and the market in general, we can't neglect the perfect 5-wave decline that should be followed by a remarkable correction to 1.0765 and 1.1060 through 1.0505 and 1.0635. we tolerate a small extension to 1.03 before the pair starts its correction. We favor a long position at market with a take profit...

Ratio_Trading

Looking at the hourly chart, the pair is trading in a corrective move after a five-wave decline from 110.33 to 97.57. The correction could be done at 105.02, which is just shy of the 61.8% retracement that comes in at 105.45. In case of a break above, the correction could have one more leg higher. With that said, as long as we trade below the 110.33 resistance,...