Buy LT near 1454 with stop loss at 1420-1421 and target at 1515 with reward to risk ratio 2:1.
In the structure of crude oil, the oil has completed it's wave correction which was comprises of a zigzag is wave connected to a leading diagonal . When a wave ends with a diagonal then there comes a fast correction as we see in this case. There are two fibonacci supports one at 39.52 and another at 25.91. Let us see where it takes support?
It seems that the correction is over. One can buy near 81 level to the target of 115 for long term. If price break below its support near 72.32 then one can add more near rs. 60 level.
Ending diagonal is forming the fifth wave on 4 hour chart. Once price shows the reversal candlesticks, one can sell. The reversal may end to the starting of the wave 5 or ending diagonal's starting point.
Barrier triangle is developing in AMAZON.COM. You can sell it to complete the wave. Disclaimer: This and all the ideas I present are for educational purpose only. __________________ Twitter: twitter.com Tradingview:https://www.tradingview.com/u/Sandeep_Gupta/ Mail: sandeepguptafx@gmail.com Sandeep Gupta, Technical Trader
It may find resistance at 121.81, if this is broken then the next resistance is at 138.67 level.
Looking at the structure of Microsoft with respect to the Elliott wave theory, it seems that the price can increase. Disclaimer: This and all the ideas I present are for educational purpose only. __________________ Twitter: twitter.com Tradingview:https://www.tradingview.com/u/Sandeep_Gupta/ Mail: sandeepguptafx@gmail.com Sandeep Gupta, Technical Trader
Google is correcting. We are in minor wave 5 of corrective intermediate wave (c). Let us see if the correction ends here or it unfolds further.
In this case, we have taken two targets first on 38.2% retracement and second target on 61.8% retracement of wave to wave . Disclaimer: This and all the ideas I present are for educational purpose only. __________________ Twitter: twitter.com Tradingview:https://www.tradingview.com/u/Sandeep_Gupta/ Mail: sandeepguptafx@gmail.com Sandeep Gupta, Technical Trader
There is hourly resistance and double top is forming with negative divergence. Sell near 0.8426. Disclaimer: This and all the ideas I present are for educational purpose only. __________________ Twitter: twitter.com Tradingview:https://www.tradingview.com/u/Sandeep_Gupta/ Mail: sandeepguptafx@gmail.com Sandeep Gupta, Technical Trader
There is daily resistance and head and shoulder is forming.
Triangle is completed in wave (B) or alt . I am bearish on EURUSD.
Double top is forming near the daily resistance. Sell one pip low to the last pivot low.
Crude_oil is forming Elliott's double three correction pattern. One wave (w) has completed and the wave (A) of the other wave (Y) is near finishing. Now wave (B) will start. The price will soon reverse. After some signs of the reversal, this may present good buy opportunity with great risk reward ratio.