WCH | The chemistry matters | 2 buy scenariosThis is the my second trade idea regarding Wacker Chemie AG (WCH).
After the first idea gave a nice ~ +27% gain and as WCH is currently in a strong downtrend, looking for zones to open a new position.
Overview
WCH is stuck in a range (This is the monthly chart). Breakouts of the range (yellow circles) on either site leads to price moving to the opposite side and usually a retest / fake- out.
Scenario 1 (Orange arrow)
Requirements : Price falls down to the buy zone (green area). B
1.2&1.2 Or Diagonal !Greetings, dear friends. I hope you are having a productive week.
With the completion of Wave 1, it's crucial to determine the expected correction percentage for Wave 2. Remember, the strength of Wave 3 is highly dependent on the accuracy of our predictions. Let's make sure we get this right.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please not
Duerr: BnR after prognosis cut After the cut of the 2024 prognosis the share price drop significantly. The pattern has all characteristics of a BnR and the 20th October candle is almost an hammer. We see a drop equal to two times the width of the lead in channel. The important low of 2022 was broken within day but not on a daily basis. So we may see either a quick V-shape rebound (black) or no or a small rebound to the upper bound of the third channel with a retest of the lower channel bound. In that case the resistance at 18
BnR Pattern at MTUThe news with respect to the turbine issue induces a sharp price slump. In the chart we have all characteristics of an BnR pattern with a downmove of one channel . Recently, also the price has reached and taken the minimum Fibo Retracement which is a necessary condition for a local bottom
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Porsche Holding: Bottom formation 🔄The Porsche Holding share price is approaching the 78.60% retracement of the magenta target zone between €56.44 and €36.61. Here, we expect the low of the magenta wave 2, which has been dragging on since 2021. With the low formed, a reversal should then take place, and the price should rise well above the resistance at 60.18€.
1COV added to model portfolioCovestro has just been added as a 12.5% position to our model portfolio.
Some comments:
1. 7/8 qualifiers of Minervini's trend template are met and the stock is in a confirmed phase 2 uptrend.
2. Stochastic RSI are indicating an entry coming our of an oversold position.
3. This is a pullback entry following a healthy pullback over the last 2 weeks under low volume which allows for a low risk entry.
4. Relative strength of 1COV as measured against the SP500 is very high which makes that a momen
Correction Not Yet FinishedIt is a little bit difficult to describe what I see.
2 different VWAPs(a rising and a having turned downward) indicate a bottom and on Friday we have re-entered a 3rd VWAP which is following the downtrend since 15th September.
In my opinion this says that we shall test the upper lines of the price band.
I know that this seems to be a bit strange but due to my experience this is the more likely outcome.
Morphhosys: Accumulation Motif finished From the Whykhoffian view Target range is 45-50 EUR and from Elliot View nest Stop should be 25 Region. Good luck in Trading
MLong
Rheinmetall: Locked and Loaded 💥After briefly dipping below the turquoise target range of €245.60 to €228.40, Rheinmetall's stock price has rebounded into this zone. We now believe it has set the low for the magenta wave (iv at this point. Consequently, a substantial increase to €320 is anticipated.
Morphosys: Explosion to upside loomingWhatever the Katalysator will be, we might see 35-36 really soon.
MLong
H&S and Dark Cloud Cover indicate short term bearish reversal?Heidelbergcement's future not looking good amid a raising interest rates environment for real estate promoters.
Technical analysis: Bearish
A Head and Shoulders pattern could be underway since Sep 2022 and once the stock has reached a double ceiling level at 77.50€. Besides, a Dark Cloud cover was formed on Friday 29th of September in the right shoulder and today's candle seems to be confirming the candlestick pattern prophecy, which would lead us to first support level ranging from 68.5-70.
Viacom is not looking good SHORTThe trend is down, and is definitely going to continue.
target for the short is 15.70 with a 30% return
NFA
0Short
Retest to 20 and we take it from thereWhile I can imagine that XETR:HFG buisness model can work out for the in the long run, Its headwinds seem to be gathering into a perfect storm against it. Trying to keep it short: (get it?)
Discretionary spending of American and German consumers might be hit hard in the coming months, due to deteriorating economic conditions. People might be inclined to opt for cheaper alternatives, i.e. classical supermarkets.
Sky high P/E ratio
Not paying dividends, low EPS
In an overall environme
TUI1 - short time LONGSMonthly and weekly in downtrend.
D and H4 uptrend - price near D demand zone ( green area).
Waiting for 30 min to make an upside BOS for a long until the D supply area ( red zone) - counter trend trade!
SL - beneath the last H4 low (5.360 eur).
TP 1- could be at the last H4 high (5.798 eur), or to 38,2 fib level.
HFG: Wave C to the downside to complete wave 2 (ABC-Correction)Hellofresh made and impulsive move down wich started the bearmarket = Wave A
Recently completed a zigzag-correction ABC to the 1.0 - 1.236 Fib exension = Wave B
Currently working on an impulsive move down to complete Wave C and the bigger ABC correction into wave 2
Targets are 0.786 Fib retracement of wave 1 and 0.618 Fib extension of bigger wave A
1.2 &1.2Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that,























