Today’s Predixion - 22nd of August
Sorry about the messy chart.
if it breaks out with the momentum, I think 46.1 is possible but I will go with 44.5 max. Then Friday with a pull back. *If it went up as high as 46, it will retract to 43 on Friday simply due to profit taking.
If it goes down today, probably 37.6 - 39.3, then +ve Friday.
What do you think?
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ひな☆彡 SOXL OP : What I am thinking right now is if it peaked today, I would enter my positions at $Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ to risk hedge.
ひな☆彡 SOXL OP : I only have a real cash account, which prevents me from trading advanced strategy options levels 3-4. I don’t think this platform offers that in Australia, which is fine. With raining margin calls, I lost 98% of my capital in Forex trading before so... However, if you can do that, I reckon this is a perfect opportunity to do things like short butterfly
ひな☆彡 SOXL OP : Will this re-test???
RC84 : The key points are the number of unemployment claims at 8:30 and PMI at 09:45.
ひな☆彡 SOXL OP RC84 : Thanks for covering the essential fundamentals—my weakness. I appreciate it. It really helps.
102156718 : Who sold? Regretted yet? Buy back at 50 or 60 ha ha ha
ひな☆彡 SOXL OP 102156718 : To be honest, we can all enter even now. It will be 100 in five years.
ひな☆彡 SOXL OP : I reeckon the resistance at pre-market is now
Broken.
TitanicRobs : Hi newbie here , may I know how do you predict / what kind of analysis you use?
ひな☆彡 SOXL OP TitanicRobs : Hi, I use Fibonacci retracement tools with the following indicators: MA, Macd, RSI, and Bolinger band. I have a background in Forex Trading, so my fundamentals suck.
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