A convenient upwards trend prior to U.S election for wave two, along fib extension line. A break below LT .618 would confirm downward wave three @ the 1.618 of wave 1. A retest of the final fib resistance level for wave 4, to a sharp decline in 2017 for confirmation of 2016 reversal. Who knows! Good Luck, Matt
The bottom being the 100 EMA. Target the 1.618 ($1.15ish) if you dare.
I lowered the xabcd since it imo could happen, bringing price to around 217, but then what happens after that..everyones favorite stock crumbles! Why? I believe short interest. But where are my Tesla bulls? Im a recovering TSLA investor, "shot myself in the foot" way too much when I started trading, so I probably wouldn't buy into the TSLA hype unless it shot up...
Assuming you bought around 19.6--> 1.81 Risk/Reward Ratio. Look to sell around 1.618 of AB
Does this strategy make sense? I'm not sure if I'm exhausting my understanding. If I'm wrong, tell me I'm wrong. Let me know your thoughts, traders!! :)
I see a completion of a year-long H&S as part of a large downtrend. The 1.618 extension puts the end at about 10 bucks! Support--> new resistance. Alternate setup at 22 for bullish QE/steel sentiment following US election. (XABCD pattern)
Retracing to the 1.618 could double the stock
If so, look for it to bounce off of 100MA
A fall to the 1.618 would complete a H&S
Euraud to retrace nicely before continuing downward?
Does anybody else see a TSLA downtrend? I don't think it will go as low as the 1.618 of wave 1, but certainly into the 1.272-1.414 before earnings and election. Yes, after that point I think it will rise higher
Aroon = bullish, other indicators mixed. I would have my stop losses around 19.8 and expect a rise of .38 to 20.20 if SCTY goes up
Technicals imply a sweetheart deal for MSTX bulls to GET OUT @ 10.3-10.4. This chartist implies to just GET OUT. If only I would take my own advice. Literally, I don't even care about a profit anymore as long as my losses are minimized. Anybody else trapped in the 1408-style MASTX? My opinion based on previous trading sessions is B-b-b-bearish, while a hope and a...
If you're not long PTX, there could be a buying opportunity so long as you buy @ .56 and sell around .58. It won't be much, but think about how much capital would be appropriate for you to make a quick profit.
See how D, NEE, SO, and DUK compare to XLU