6MK trade ideas
Merck & Co Inc on Possible Wave Y Completion?It seems that we may have a possible Wave Y completion on the Intermediate Period, with a wave 5 on the Minor Period confirming it. On structure breakout, it is possible that we may see the start of a SHORT on a wave 1 minor of a wave 1 Intermediate. MACD suggests slight upwards movement before a bearish move at the breakout of structure. Stochastic already displays overbought position and likely move downwards as well as RSI suggests overbought position already completed and bearish movement possibly imminent on breakout of structure. Additionally, my guess is that due to looming lawsuits regarding Vaccine safety as well as gender bias lawsuits, has ultimately influenced investor confidence and is now starting to net the results of this.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
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MRK - strong return to previous rangeHey guys, nice opportunity for swing trade!
More info in the screen.
MRK ...WEEKLY REVIEW it was my suggestion 6 days ago and i am emphasis on it ...
in my idea it has no strong resistance to receiving to TP ...
im in and if you are not think to entry
MRK...monthly view ...buynice uptrend ...
passing of a important price level (blue line )...
triggered ....buy
MRK @ daily @ highest H/L-Range (dow shares) while 2017This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron
MRK @ daily @ BreakedUp mostly (30 dow shares) while last weekThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Downs (Dow Jones Index incl. all shares)
drive.google.com
Best regards :)
Aaron
Channel + Doji + Exhaustion GapEntered MRK with Feb17 60 Calls. Buy Low sell high. Playing what looks to be an exhaustion gap doji at the bottom of a channel
Trigger: 1.30
Stop: .85
Target: 2.92
R:R: 3:1
I expect a bounce or a gap up in next couple days. If it does not come I will look to exit aggressively because these setups usually work fast if identified correctly.
MRK... one more advance Multiple reasons making MRK is so attractive to buy stock or option calls. Elliott wave count show that iv wave in undergo and not yet overlapped with wave i. Other reason is the price puased at 38% fibo. Third reason the EMA 70 is hold price from falling. I am in in call option and when wave iv overlapped with wave i I will sell my position. Remember I am short-term trading. Good luck
Favorite MerckStill in bullish trend , no shorts before break of trendline and hold below with bearish rejections of Highs.
DOWNTRENDSHORT. OBSERVAMOS EN LA GRÁFICA EL CAMBIO DE TENDENCIA JUSTAMENTE EN LA LINEA DE RESISTENCIA COMPROBADO POR EL SAR.
