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2618 Trade

GM 2618 and demand zone long opportunityNo matter how hard this company had tried, how many good news it had, how good the stock market is, and how charming it is for value investors, GM literally did nothing on the last 2 years' bull market. As TSLA became more and more controversial, car investors may also have a look on this super low-PE stock. Indeed, it had terrible relative weakness than its peers based on the stock price performance, but it had solid earnings quarter by quarter and a very fair pricing on this bull market, I believe it still can play as a defensive role on the portfolio! It had a exhaustion gap around 38-39 , so I would more like to make use of the recent pullback to long this 2618. Let's see how it goes!
NYSE:GMLong
by Trader_Joe_Lee
GBPCAD: 2618 TradeDouble bottoms have completed and the price is pulling back the 0.618RET which is also a good demand zone. So it is good to buy at 1.667-1.670 levels when the price gives signals in the PRZ. SL: below 1.662 TP1: 1.683 TP2: 1.690 and further more Obviously, it is a short-term trade plan, but it is the beginning of the long-term weekly 2618 trade plan as below. If you want to get more, you should hold your positions patiently. If you have not entered the market yet, it is a good chance to enter again.
Long
by AdamHong
GBPCAD: Bullish AB=CD Pattern and the 2618 PatternThe bullish AB=CD pattern will complete at 1.643 level and the bullish 2618 pattern finished at 1.660 level. Meanwhile the 1.618REXT of B-C is also at 1.660 level which is also the 0.618RET of the previous rise. Additionally, the good Weekly Demand Zone is at 1.658-1.662 levels. So it is good to buy at 1.658-1.660 levels when the price pulls back and gives signals in the PRZ. SL: below 1.658 TP1: 1.730 TP2: 1.770 TP3: 1.830 and further more Obviously, it is a long-term trade plan, and I hope you can hold your positions.
Long
by AdamHong
How NGAS reacts with harmonic patterns -- hindsight challenge(1)One thing that the analysts in this business will be challenged forever is about hindsight. Even the simplest single EMA system can look outstanding when it comes to the happened candles. While, for a mature system trader, what we really focus on is two questions: 1. "Do the patterns match the definition?" 2. "What exactly is the trade? (at least with an entry and a stop loss) " 3. "Is the trade triggered" One of these 4 trades is a simple hindsight that didn't really match the definition of the pattern, Let's try to point out which one it is if you know exactly how these trades work yo~!!
FX:NGASEducation
by Trader_Joe_Lee
GBP/JPY BULLISH 2618 + ABCDPreviously we've seen a double bottom form and the neckline has since then been broken. This means a 2618 trade is in alignment. Price has formed a high at 149.331 and has now retraced to 145.907 which is our 61.8% Fib level. I take aggressive approaches to these trades, so i had buy orders set directly at the 61.8% level and now we look to take profit at 150.00 major large quarter point which is a strong level of resistance, and 150.800 is also another take profit level at the -27% fib extension. This will complete the AB=CD pattern too.
Long
by JFibonacci
ETHUSD 4hr 2618 and demand zone combination long opportunityThe cryptos had a nice rally recently, most of which formed daily double bottoms like this ETHUSD. Accordingly, it pretty much decreases the bearish mindset a lot, and there will be some following buy-low strategies . This 4hr 2618 and demand zone combination long will be effective only if the red bearish gartley successfully makes the pullback from here. While, as it's not really a good X point and the uptrend just start to run, so no intention to short this gartley though. Let's see how it goes!
BITFINEX:ETHUSDLong
by Trader_Joe_Lee
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