Reversal Trading 101: How to Spot Trend Reversals
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10/06/21 10:53
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The US debt ceiling deal has cleared the second and last hurdle, with the Senate passing the bill to raise the ceiling. President Biden can now sign it into law, staving off a US default. Stocks in Asia rallied, and futures are pointing higher in Europe and the US. Meanwhile, a much stronger-than-expected ADP private payrolls report led to a sharp rise in the probability of another rate hike being seen in June, despite the US ISM manufacturing prices paid index coming in lower-than-expected which is supportive of a Fed pause. Softer Eurozone headline and core inflation have seen ECB tightening expectations drop. All eyes are now on today's US Non-Farm Payrolls and hourly earnings data, out at 1.30pm. -
Good Morning, Please could the [LOUP] Innovator Deepwater Frontier Tech ETF be listed and made available for the ISA tax wrapper, pretty please? Many thanks, Sam -
By tradinglounge · Posted
Okta Inc., Elliott Wave Technical Analysis Okta Inc., (OKTA:NYSE): Daily Chart, 2 June 23, OKTA Stock Market Analysis: Okta has been moving as expected, looking for further upside into wave {iii} despite the sharp correction we had with yesterday’s session. OKTA Elliott Wave Count: Wave {ii} of 3. OKTA Technical Indicators: Below all averages. OKTA Trading Strategy: Looking for upside resumption into wave {ii}. TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here! Okta Inc., OKTA: 1-hour Chart, 2 June 23 Okta Inc., Elliott Wave Technical Analysis OKTA Stock Market Analysis: Looking for the correction in wave {ii} to be nearly completed, as we might resume lower into wave (c) to complete the correction, knowing we are very close to invalidation level. Should we break the red line we could then have been in a flat correction in wave 2. OKTA Elliott Wave count: Wave (c) of {ii}. OKTA Technical Indicators: Below all averages. OKTA Trading Strategy: Looking for support at 66.7 to hold.
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