Long ITUB4 ( NYSE:ITUB ) Short BBDC4 ( NYSE:BBD )
I buy gold at point 2 around $1243 and will close order at target B . Then I will sell at this point B with target 1.272 Fibonacci Retracement of A2 around $1230.
FX:AUDUSD In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net...
LNKD price action is now showing potential trading opportunities both long and short. The short scenario: The broader time frame is generally bullish but currently we are facing bearish momentum. This is a healthy retracement since it has not compromised any significant supports so far. Using Elliott Wave, I have counted 4 waves of a bearish impulse. This scenario...
How about that! I posted this a few weeks ago and now look at it. Guys looking for the wave up, this could be your chance. Dont enter just yet. Lets observe this further, the price movement down is very strong thou the RSI is over sold this could still go down. So dont enter just yet. if the price breaks above the AB=CD close above it. Then we can be buyers....