Carving out what looks to be a B Wave up, to turn down on the EOM to previous levels. Should hit around 10400 or a bit below as that is longer term support/resistance levels. At those levels, go long strong into multi-month rally.
This pair has a nice five wave up from the recent bottom at 105.55 and is finishing it's retrace to the 50% level. Divergence on both the RSI and MACD (though better seen on the MACD). Long on this pair with a tight stop just below the 50% retrace. Initial target is the 38.2% extension of the initial move from the 105.55 bottom, measured from the 50% retrace of...
Pullback coming on PBR to 6.36 in a wave iv of C, then final wave v of C. Fibs line up very nicely both on the impulsive C wave and the retracement levels of the entire wave 1 impulse. Techs signaling oversold, just in line with a bounce up in wave iv.
Looking for cotton to finish it's five waves up to 65.61 to short the correction. Correction should take us to between 58.75 to 61.37.
Looking for cotton to go ove 65.94 to short it. MACD showing negative divergence so in the next days should spike up ove 66. Looking to short on that spike up.
Broke the 61.8% retracement and close to the 50%, techs calling the oversold levels. Looking for the finish of the C wave down to start another impulsive wave up.
Finishing a B wave, NASDAQ should retrace to 4200 level were longs are to be loaded for upcoming run!
Finishing a wave 4 correction to around 12, then move to red box in a wave 5 targeting min. 16.
Between the 0.5 and 0.681 retracement off the lows...looking for a bounce to at least the 1 extension. Great Risk-Reward, if the pair falls lower than the 0.618 retrace signs that something else is going to happen. Also like the technicals on this pair, oversold and due for a move up.
Finished abc correction of larger degree B, now looking for a C down. Open short position, lloking for 16.60 as a first target.
Looking for a bit more down (40 cents from current price) for ideal set up to long, but starting an initial position. Ideal: long @14.20, stop 13.20. Can be finishing an A wave, or the C wave.
Took a long position today, maybe a bit early. Corrective move in the final C wave down that I have as an ending diagonal. Target for the ending diagonal is 1.30, that lines up with the 61.8% retrace of the move up. So risking a bit under that (1.295) for a stab to AT LEAST the point where the diagonal began (1.40). 1 to 3 risk reward ration. Further upside on...
Finished wave A in our target zone. Now looking for a B wave up, targets 18.32 -18.85. Notice the nice bounce on the RSI and MACD trendlines.
US Oil seams to be in a triangle that should be close to resolving. Once it does, I look for it to go quickly back down to it's start - around 26. Yellow line is strong longer term resistance so should not go above 37,88.
Start of a long term long for this stock. Bottoming and forming a nice five wave impulsive pattern. First target met at 8.71, extension to 9.67 next. If it holds there, looking for 7.33-5.88 for a corrective pullback to add to position and get a nice wave 3.
NASDAQ tracing a wave 4 correction, currently about to drop lower on the final wave C. After that, should see explosive up on a nice wave 3. Looking lower to enter long and catch that wave 3.