Short next longThe general trend is rising, as predicted the day before yesterday, but there will be a correction today and Friday, which may be about 1%. But I still think it's a callback. At present, the price is just blocked at 0.382, which is basically consistent with the basic model of 5 wave rise.
Bill Williams Indicators
Long1H breakthrough effective upper fractal, Ao bottom deviation, AC breakthrough 0 axis. Combined with the 4H diagram, Ao turns positive again above the 0 axis. So this is the obvious form of three waves in 4H. Of course we knew yesterday. Now it is also fully consistent with the analysis of chaotic trading method. The target of this round of rise is around us $25.1. So is gold.
Short CAT @ 205.53 Fractal BreakoutCAT crossed downward the last daily fractal of 202 on may 10. One day after, there is still a red zone bar, bearish divergent that provides an improved opportunity to enter.
Williams theory dictates that a Blue Light special would be entered after crossing the las lowest low, this would mean tomorrow (may 12) crossing below 203. 59 (todays low).
Im shorting today however, at 205.53. First confirmation would be crossing below 203.59 and then below 202 again.
Stop loss is price closing above the Balance Line (red). Target is whenever the trend ends, which is also signaled by price closing above the Balance Line.
Short NKE @ 113.52 Fractal BreakoutNKE strolled for the last month around the Balance Line and now looks ready to move to the downside.
It crossed the 124.32 fractal and then tested the balance line after creating a new fractal at 120.48 which is now broken.
Stop loss is closing above the Balance Line. Target is whenever the trend ends (also by closing above the Balance Line).
Short NVDA @ 194.95. Fractal breakout.Entering a short position on NVDA. All recent fractals both on the daily and weekly charts were crossed on apr 21, but I wasn't looking closely.
Reason to enter late is that it has good potential on both the weekly and daily charts (momentum is close to the zero line on the weekly).
Stop loss is the price closing above the red line.
Target is whenever the trend ends, also signaled by crossing the red line.
Long HOG above 40.87HOG just broke the latest daily fractal of 39.14 to the upside. Entry 1 above this price. Adding 5 when and if price goes above the weekly fractal of 40.87.
Remember that the Alligator tells us when to enter and exit. Stop loss is the Alligator's Teeth (red line). It is also the last exit point when the trend ends. First exit may be the lowest low of the fifth consecutive green bar (zone bar).
Chart shows only last short position, which was closed and reversed to the upside.
Short BBY @ 91.96. Fractal breakout.Entered short position on BBY on apr 22 with a fractal breakout to the downside and a sleeping alligator.
Adding if price breaks the weekly fractal of 88.51.
Stop loss is the daily Balance Line (red, if price closes above the Alligator's teeth).
Target, as usual is defined by the market, whenever the trend ends.
$VTSI is a gem in a world full of overvalued stocksIt's fundamentals are amazing, no need to spill any more words on that. It's astonishing how these opportunities are still present in a market.
But on a technical perspective we're at a crossroads here. We have an opportunity to sfp on the monthly while closing february bullish and above demand. If we do so, I believe we're aiming for 10$ again at least.
Furthermore, the indicator is showing net volume is picking up again which could mean the end of our bearish wave and the start of a correction which could lead to a bullish wave.
My final valuation for $VTSI is about 20-25$ long term offering 5x potential.
Long IBM @ 136.05. Fractal breakout.IBM crossed the last daily fractal of 136.05 today. The Alligator's mouth is closed in both daily and weekly charts.
Price has been above and around the weekly teeth, which could mean the beginning of a weekly wave c.
Adding on any other signals. Stop loss is close below the daily teeth.
Long JNJ @ 167.62Weekly fractal of 167.62 has been hit, after a sleeping alligator on both daily and weekly.
Price is now on the bullish side of the alligator's mouth for both timeframes.
Stop loss is the daily redline which today is 160.42 and in 5 days it will be 162.58.
There are no more fractals on the daily chart. We will see any newly created bullish signal for possible add ons.
Long Copper above 450.92 XCUUSDToday a bunch of daily fractals were surpassed, along with a weekly fractal of 450.92. Opening position to the upside and adding on any other Williams signal.
GBPJPY SCENARIOAnalyzing the 1D and 4H charts, I will continue shorting.
Yesterday my sale from 156.020 has fallen to the level of 154.9xx making a movement of 112 pips, if you have followed the analysis it is smart that you have put the SL in the entry price since a movement of 112 pips is a very considerate descent.
We are in an important selling area in which we have to be very vigilant as we approach the 158.2xx level, the previous high of October. If the price exceeds this level, we can aim to buy close to160.2xx level, but in case that the price rebounds in the current zone, we will continue to sell up to the levels established in the previous long-term analysis.
IMPORTANT INFORMATION TO CONSIDER:
Last month, GBP interest rate has been raised during the month of December, which means that there is a high probability that we will break the 158.2xx level and go aim for 160.2xx level.
On the other side, from my point of view, the price increase due to the interest increase is comig to an end soon and with the increase in COVID cases in England it can affect the price considerably.
Another highlight is that the Japanese Yen has been bearish for some time and it is very likely that we will soon see a recovery which means the decline of the GBP / JPY.
How am I going to operate it:
I will make another sale with an SL above 158.2xx (Applying risk management, I adjust the lot according to my capital), and in case the price touches my SL I will wait for a re-entry for the purchase with the aim of reaching 160.2xx . Since this pair is very volatile, I will be vigilant as the price can go directly to 160.2xx without making any retracement and I would wait for another opportunity to enter the market.
The divergence is still valid on the 4H chart, therefore we can add the 153.7xx level as our first target. This objective will be invalidated if the curve of the AO indicator exceeds the yellow line I have drawn over the indicator.
I accept any additional information or comments regarding my analysis.