William-trading

William-trading

I may add some more longing and shorting position

William-trading

Pennant formation on the 4hr chart has played out again. Another point to note is that should 200.0% extension breaks, we will see prices testing 261.8%.

William-trading

I will hold buy till it hit my resistance zone in red.

William-trading

Pennant formation with strong bullish morning star pattern filling up the mini exhaustion gap may indicate the bear is short-lived. But I'm waiting to buy stop at US$147.07

William-trading Updated 

Sluggish upside momentum and weak rally may be pushing Dow to a correction soon. Although 30k has been broken, the sluggish momentum above 30k is causing some worries. Hence, I will commence my shorts for now. If prices breaks above 31,500. Then the ending diagonal may be the leading diagonal for wave 5 extension. Just like the Nikkei in Nov.

William-trading Updated 

We are looking to long at some correction as there is an H1 Head and Shoulder formation. Lets hope for the best.

William-trading

Cup and handle formation has confirmed after prices had a strong breakaway gap, thus giving a strong confirmation of the upside by the pattern. Additionally, the target level of 161.8% extension has yet to be met. Hence, we are looking at the stock correcting to the nearby demand zone before edging upwards.

William-trading

There is a good risk to reward for both short and long play. Although the dominant trend is a strong bull.

William-trading

I will attempt to long for the final sub-5th wave of the intermediate phase after my failed buy limit which cost me a lot of opportunity cost

William-trading

I will long ETSY as it is still on a bullish trend and it may have well just completed the larger running flat corrective wave. Also, the fractal nature may be a crucial factor of a mirrored image of an upside.

William-trading

Generally, the upside is still intact despite a brief retracement. Therefore I will long after some sort of correction.

William-trading

Ichimoku may be showing downside but all the indication are prep for a bullish outbreak. With price leading after the stock broke the falling wedge, we are seeing a strong further upside.

William-trading Updated 

An update to the previous analysis. Although i'm on the upside, the immediate supply/resistance is hard to break. So a clear victory in either biden or trump will see the upside immediately.

William-trading

Should we short now based on the price action? I think we can attempt as we are nearing the end of wave 5. Rising wedge and bearish engulfing candle indicate a failure to close above the ATH's top. As such, we are looking for a major correction ahead.

William-trading

Key level at 323.6% expansion level needs to be cleared To confirm further upside. However, I think there the possibility is strong.

William-trading Updated 

I foresee a prolonged correction unless the bulls break the flag strongly on the upside.

William-trading

The strong prospect of EUR weakening against the dollar is evidently shown on the wave. Although the intermediate phase 5th wave is yet complete, we will resume longing back at 1.14xxx region

William-trading

We need to see 405 to be broken to confirm the upside, otherwise I will wait and see