Eliarich

Eliarich

A quick display of the SPY historical corrections and where are we now?

Eliarich

unfolding Elliot wave indicates that copper might be heading towards 3.22 if broken 3.02. Stop on closing above 3.8

Eliarich

Looks like the down swing is on hold. Most probably we will be trading sideways next.

Eliarich

Looking at the bitcoin chart it is interesting to say that the trend has changed, but still needs more confirmation to reverse back up.

Eliarich

Natural gas looks interesting, looking for a support break to enter a short position.

Eliarich

As shown on the EUR/USD weekly chart, the unfolding Elliot wave count is expected to retrace back up to 1.0780 to complete the Wave 4 of a minor degree, and then continue back downwards to 1.0240 and possibly 1.0096 to complete the 5th Wave

Eliarich Updated 

The pair is in a downtrend, with the Elliot wave count indicating the conclusion of the 3rd downtrend and the start of the 4th corrective one, with a target of 1.1679, which is 78.6% of wave 2 and a key resistance area. We expect the 5th wave to unfold and attain a target of 1.1030 after that. #ELLIOT #FOREX

Eliarich

Perfect Elliot Wave setup, going long with 10% capital exposure, stop on a close below 62$

Eliarich

The Crypto exchange is a cash generating machine with FCF/Share of 16.37 and ROE of 45.1%. The chart shows the stock bouncing of support 245.85$, 1st target 281$ then 300$. A close below 245.85$ would invalidate the scenario

Eliarich

The Semi conductor manufacturer has some impressive numbers ROA 16.1%, FCF/ Share 0.92 and plenty of cash. Looking at the chart, the trend is still up and the price just bounced off support at 87.25$. Going long here, 1st target around 97$ then previous highs around 110.40$. A close below 87.25$ will invalidate the scenario

Eliarich

With its down trend line broken, and the crossing above the 200 MA the stock looks ready to go up. He still has to clear 8.70 on a closing. RSI shows signs of higher lows and not falling below 40% is encouraging to say the least. Targets are 9.55 and 11.30 respectively. A closing below 8.20 will invalidate the scenario.

Eliarich

After reaching new highs and a series of positive earnings figures, the stock pulled back to 15.56 breakout level. The time looks right to buy. stop loss 10% below entry.

Eliarich

The support level at 1.3615 was broken, it's been holding on since February 2021. After the break the price went down a bit and pulled back to the break level. is it good selling opportunity? probably yes... don't forget your plan B

Eliarich Updated 

The Last 2 quarters saw a positive earning stream, and the Elliot wave count depicted at the chart, indicates that corrective wave 4 has finished and wave 5 is under way with a target of 158.60$. Carefully for that wave 3 top at 152.74$. As usual stop loss 10% from entry, a don't forget the Capital at Risk, per Trade.

Eliarich

The market is range bound, as is the case with most crypto's. Waiting for a reversal, that closes above 1.1265 to enter

Eliarich

that 44,230 level looks like a strong support level

Eliarich

Looking at the Euro Hourly chart, a potential head and shoulder pattern is in place. Waiting for that hourly close below the neckline level at 1.18347. #Euro

Eliarich Updated 

With it's streak of positive earnings that are beating estimates, Ford motors looks really cheap. The main theme has been it's involvement in the EV business, which has a strong growth prospect. As you can see on the chart a strong uptrend is in motion and the market is taking a breather, which makes a good opportunity to jump in. Buying at market open, with a...