Monday, April 3, 2017 7:54 AM EDT
Good day to all, I would like to share with you some of my trading ideas and very interesting actionable setups. I see some popular shares for the immediate future. Lets start with my favorite Deutsche Bank.
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Topping formation and a break below €15 could push price below €13. Key resistance at €17.50 and multiple Head and shoulders pattern in the daily chart. Even as we speak with DAX near new all time highs, there is clearly a divergence between DBK and DAX.
Interested in Gold? ABX (Barrick Gold Corporation) is about to explode higher with Gold. An inverted Head and shoulders pattern that bulls need to break above $21 (neckline resistance).
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VIX is so much pressured lower that eventually it will bounce strongly upwards like a spring. That is why XIV is already providing a nice reversal signal and a possible strong bounce in VIX to come. $68.50 is key support. My wave count is as follows.
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AMZN may very well have already completed 5 waves up and expecting a correction towards $800.
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A break below $861 will confirm my view that at least a short-term pull back is in place that could reach between $835-810 if we have more up waves. Otherwise a break below the daily cloud support at $800 could signal a bigger correction.
BIDU continues to trade inside a long-term triangle respecting its boundaries. Traders should better wait and act after the breakout.
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