Hi there!
The EURUSD pair just completed the A Wave of a corrective wave. I think.
I made this analysis while trying to learn these Waves. I'm expecting to retrace on the support of a previous trend and brake the psychological price of 1.1 where it completed a few days ago the 5th Wave of a motive move.
Yeah... Let's see. No trades yet even though I'm going to...
Hi! I'm just trying to learn Elliot Waves. That is an actual trade that I just took.
I bought 50 pcs on 6.135, With a stop loss on 5.85 and a take profit on 6.95.
7 is a psychological number where I assume that the price will retrace. Completing the 3rd wave.
Fitch has increased Greece to BB+ a few days ago that's why most Greek stock's took a bull run.
Let's...
Just some lines.
Stm seems to be a good company. Goes really well even with the Covid story.
Their financials looking good
eps: 1.49
eps growth: 10.74%
discount rate: 9%
For the Margin of Safety I used:
Basic EPS 2020: 1.01
Possible EPS Growth: 15%
Discount Rate: 9%
A few data that makes me think it could be a good investment is that they just started getting income from the old airport Elliniko which they made it into new Villas and Office centers. So that should give them a better income for the next years.
While the margin...
Their are 2 possible scenarios...
1 to go up...
2 to go down....
Just kidding😂😂😂
If it breaks the channel from down it will be a short...
Theirs a long possible position but with small returns...
If it breaks the resistance within the week theirs a possible big long position..
Just learning... Do your research... Have fun
This analysis is aimed to help my brother.
You are responsible on your trades. Read this as is. Not an expert. No experience.
Black dotted lines: fib ritr. of highest values.
Purple dotted lines: fib ritr of open & closes (weekly chart)
Blue dotted lines: fib ritr of open & closes ( daily chart )
This analysis is aimed to help my brother.
You are responsible on your trades. Read this as is. Not an expert. No experience.
Black dotted lines: fib ritr. of highest values.
Purple dotted lines: fib ritr of open & closes (weekly chart)
Blue dotted lines: fib ritr of open & closes (daily chart)
So this setup seems a bit "safe". Till the end of the month there will be a move either down or up. As indicated in this chart there is a n area for a short trade with possibly around 70 pip drop.
And a long area where I wouldn't trust for 70 pip but a 50 or 40 pip should work.
The stop loss for short 10 pips above the blue dotted line, and the long stop loss 10...
Read as is, you are responsible for your trades
Fib Retr:
Black dotted lines: (Weekly chart)Higher value and lower value
Grey dotted lines: (Weekly Chart) Opens & Closes
Blue Dotted lines: ( Daily Chart ) Open & Closes
So I have noticed that with the fib retr. tool is somehow possible to find future movements of price, determine resistances & supports, daily...
Read as is, you are responsible for your trades
Fib Retr:
Black dotted lines: (Weekly chart)Higher value and lower value
Grey dotted lines: (Weekly Chart) Opens & Closes
Blue Dotted lines: (Daily Chart) Open & Closes
So... Just trying to become better with my technical analysis.
"It seems to me we are in a 5 week UpTrend.
If it passes 7200 fib line I believe we will get to 7700 resistance this week other wise it might brake the current UpTrend, hit a 6900 price and then go up to the 7700 next week. As long as it stays in the 5 week UpTrend (since middle of March)"
Now let's...
As it has almost hit the resistance of 15.85 it seems like is going to fall again... possible buy at 15.3 and even better at 15.05 next fall.
the chance on passing the 18.5 at the moment doesn't seem to me realistic. it might does that after it hits the resistance at 15.05
what do you think about it?
Just started trading... Having no clue what i do...
