Last eruption of WEED was during nov 2016, A retest of the high was due yesterday and today after earning we se a re-bounce of Fib 50. I take the trade and with a 6% SL but with a 3 time R/R ration,, This is my thinking
A risky one, with possibility of upswing tomorrow.... R/R 2..
Will Telia swing up a few percents or will it break through the 50 MA ? It will probably get a micro retrace after the latest candle.
Be careful with this one, it may continue down before the bounce. I am in with 1.8 SL. But the RRR is great. let the probability decide..
Well not recovering the gap, I suspect it will bounce at this level.. I might be totally wrong.. but it is only two week to earning..
Trade active, with potential high R/R ratio..
Africa oil giving a possibility to a short swing... tight SL
Trade will be activated > 104. SL below the latest re bounce.. Wave five is active is I calculated correctly.. Target is just above the pervious wave 3 top, but I shall watch if there will be any resistance prior to 110..
A BO ? will see , 1% SL.. I must trade this one, I can not let it be... :))
A second candle above the ATH, the first large banking system shows this level, will ather banks follow.. SL very tight.
possible swing after earning. tight SL is adviced
Given the fact that RSI will continue trending TRGA will overcome the Resistance area 56 - 59 and if it does the first target should be the upper trend channel where also a little resistance exists at 61-62, A second and final targe should be > 83 - 93 major resistance.
Probably we have a H&S pattern, followed by a consolidated retracement and another PB. moderate RR ratio
Besq ab has bounced at the 0.6 fib and if it cross the 0.5 fib at 205 I will activate the trade. A large volume is indicated, although this maybe a delusional..
If I got it right, a corrective waves consisting of a regular flat (Red lines) combined with a running flat (blue lines). Still potential for RSI.. Hopefully people has bought enough food during Christmas and New year so it reflects the price..
The trend is still strong.. some consolidation on the way though to target > 12.4.. Given the fact that the earning report on 23 of Feb is according to estimate $0.16
Not sure if the retracement is sufficient cause I am not sure from where to measure the bottom.. Is there any one who master the Elliot wave principle and could advice on this..