1ADSK trade ideas
ADSK - Still Dropping - BearishOn the chart of Autodesk(ADSK) we can see a double top pattern. For the whole year of 2022 ADSK has been in a downtrend and it is likely to continue in 2023.
The double top pattern is a bearish pattern. Once the price breaks down the neckline and turns into a resitance instead of a support the pattern gets validated and the trade can be entered. Take your profits and the target can be targeted.
All further details are shown on the chart.
P.S. Enter short position only if/when the price breaks the neckline!
Goodluck!
Looks like Autodesk ready to breakout!MA 10 based on close - yellow
MA 20 based on close
MA 20 based on High
MA 20 based on Lows
Using the Di+- for tracking increasing trend measurements
An IFT (Inverse Fisher Transform) combo to trace directional price movement:
CCI - white - Commodity Channel Index
Stochastic - blue
Auto Desk cautiously bullish to $260.39W Formation has clearly formed on Autodesk showing upside to come.
The price is above 200MA which confirms the bullishness.
However, there was recently a breakaway gap which is concerning as 70% of gaps close.
I don't trade when gaps are within formations so if I went long I'd only risk 1% or so as a gamble trade.
Target $260.39
Buy 5 shares of ED for Every One share of ADSKAutodesk
Consolidated Edison
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1- No stop loss.
2- 5x leverage NoT More!
Becareful! Not more than leverage 5.
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for buying shares:
warning: Only leverage 5, Do Not Take More Than leverage 5.
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for options is Excellent:
5 call option 3 months contract of Consolidated Edison for every One call option 3 months contrac of Autodesk .
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Happy Trading!
ADSK Elliot Wave 5 in progress Auto Desk (ADSK) wave 5 in progress and trying to reach the target price of $238 - $240. This is on a daily chart. Wave 3 showed some extension so wave 5 might not complete its full course. Another confluence is that RSI Crossed 50. Also, the MACD Line crossed the signal line.
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ADSK 4HRBullish Shark Strong POTENTIAL REVERSAL ZONE AS
Earlier Pattern given good reaction on Type1 entry & hit Both Targets
now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
ADSK
The breakdown of the double bottom and the lack of demand gave me a good sell signal. The sector is in decline. My Wyckoff zone liquidity zone indicator clearly identified the zone to which the price was attracted
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