Elliott Wave View: DAX Bullish Sequence Favors More
DAX has broken above February 6, 2019 high (11371.74) and shows a bullish sequence from December 28, 2018 low (10279.20). On the chart below, we put a bullish sequence stamp and right side higher to indicate the direction that we prefer to trade. The correction to 10867.9 low ended wave ((X)) as an Expanded Flat Elliott Wave. A Flat is a 3-3-5 structure with ABC label. The decline to 11051.11 ended wave (A), wave (B) bounce ended at 11371.74. Wave (C) of ((X)) ended at 10863.56.
After ending wave ((X)) at 10863.56, the Index has rallied and broken above the previous wave (B) high at 11371.74. This suggests that the next leg higher has likely started. The rally from 10867.9 low is unfolding as an Impulse Elliott Wave structure. Up from 10867.9, wave 1 ended at 11217.3, wave 2 ended at 11018.95, wave 3 ended at 11371.44, and wave 4 ended at 11244.52. Expect DAX to end the 5 waves move with 1 more leg higher at the blue box area of 11400.25 – 11479.66. Afterwards, the Index should pullback in wave (B) in the sequence of 3, 7, or 11 swing to correct the cycle from February 9, 2019 low. As far as the pullback stays above 10867.9, expect the Index to resume higher again. We do not like selling the proposed pullback.
1 hour DAX Elliott Wave chart
Read more at #financialfreedom#investor#market#elliottwavetheory#financialmedia#marketcorrection#elliottwaveanalysis#marketanalysis#futures#futurestrading#optionstrading#optionsonfutures
“Never stand begging for that which you have the power to earn.” — Miguel de Cervantes
4 11an hour ago
After a years-long journey with loco trading, Rifki switched his focus to Option Selling and joined LH FinGroup in 2014. His motto "Practice makes perfect" combined with willpower and curiosity of the trading world resulted in consistent results using the LH trading technique.
As a fishing enthusiast, his strength lies in his patience, as well as his ability to explain the Options Selling concept in a simple way to understand. His sense of humor allows him to comfort and encourage clients to continue learning. His high confidence in the Options Selling concept never ceases to provide excellent customer service.
S&P 500 reached 2800 (December highs before the big selloff) overnight, but faded by this morning's open. The weakness at this key level led us to buy puts at the open. Our position went from $5.30 to $10.90 (106% ROI) 📚💥 #stocks#stockmarket#education
I think too many people focus on the END goal of success but don’t look at the process that goes into it. It’s like the graphic we all know and have seen; the iceberg affect. Society only sees the end results but fails to acknowledge the work that goes in. This graphic is produced by @investingmentors and displays a great recipe for success when it comes to daily habits / business morals. Learn to love the process.
📈 Scalped ZSAN the entire day, it was following the chart very diligently and respected the support and resistance levels, made it a very good candidate for daytrading. Must’ve done over 40 trades on this alone today. 💵
7 176 hours ago
Pacific Gas & Electric closed the day at 19.40 +6.53%. What’s the catalyst for this unusual trade?🤔🤷♂️
Coca-Cola stock was up 1.0% as of 2:51 PM ET today in reaction to news of a 2.6% rise in the company’s quarterly dividend to $0.40 per share or $1.60 per share on an annual basis. The dividend increase announced today marked the 57th consecutive year that the soda giant raised its dividend. The higher dividend will be payable effective April 1 to Coca-Cola shareowners of record as of March 15.
2 407 hours ago
📈 - One of the most solid long term holds I’ve come across. 90+% shorts and company is recovering from recent setbacks, 95% of the float is locked up. Company also has 60+ products that are ready to be launched soon. Institutional investors have begun buying back their position (BlackRock owns 12%) Very bullish LONG TERM hold (1/2 - 1 year).
Entry 9.50, waiting for 100% or so before exiting. ✅
🔺Follow @wealthy_stocks For more stocks related content and tips on investing!
As the markets pulled back today, I took the opportunity to adjust this 10contracts #spx futures condor ($4.70X10X50= $2350 total credit). First I purchased to close 3 ES mini bear call #verticalspread for average $2.23, thus $335 debit, and then I sold 2x 2650/2625 #bullputspread for $1.85 credit. Thus with this overall transaction, the net credit now is $2350-$335+185= US$2200 and my final position now is - 7 contracts of 2850/2875 bear call spread and 12 contracts of 2650/2625 bull put spread
#optionstrading can we interesting if we know what we are doing, risk in control and capital is allocated efficiently. This #optionsspread is an example of #ironcondor trade. #realmoneytrading. Visit OP discussion forum to find to more details :
Reached 298 as of yesterday. If you followed my previous post you'd know I'm short since 314. Option contract position of 320. Effective ROI 160% long term forecast still precious for 297 looking for 280 next week.
Patience is the name of the game. The stock market tends to reward those who are patient ! via @nextleveltrading
21 77211:57 PM Feb 12, 2019
Some brands have loyal customers. Others have those who claim their lives would be over if they had to live without them. In the 2019 edition of the Brand Intimacy Study by marketing agency MBLM, Apple and Google were the two companies tied for having most U.S. customers convinced their products were essential for survival. 38 percent of Apple and Google users said they couldn’t live without the company’s products. Amazon and Coca-Cola were the runner-ups 🔥💰🚀📈