REC technical analysis on Wave theory1)Completed Elliott wave (Total 08 waves. 5 Impluse & 3 corrective ) since 2012 to Nov 2018
2)In Bigger time frame Impluse wave have completed (05waves).
3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of wave B.
4)REC was consolidated from 2002 to 2012 than its has a big breakout and reched form 5 rs to 58 rs.
5)Lower side target to be 30
Note: this is only educationla purpose
ILLA, LongIlla is ready to spike again. The process of spike with gap ups, shorting up to close the gap, and move long again is in place.
if cnh goes up beyond tfs 20 long on hull conferm... in that case the tether line will be the trailing gain
Moving Average in CPRCan we see the moving average for the period of two months. In two periods the moving average is below market prices showing a bullish trend and in two other periods the moving average crosses the price to position itself above these showing a bearish trend.
RSI above 72, Momentum being Lost - Short Tesla for Short TermShort Tesla for the next two days because RSI is over 70, and following trend patterns, we see Tesla about to hit upper price band. If Tesla hits the upper price band short immediately and it RSI goes above 75, short.
Tesla Compression FunnelBuy at 226.5 with a stop loss at 220 and sell at 220 with a stop loss at 226.5
Expecting a massive movement in Tesla.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
