To The Moon

In this technical blog, we will look at the past performance of the Elliott Wave Charts of the DAX index. We presented to members at the elliottwave-forecast. In which, the rally from the 23 October 2023 low ended as an impulse structure. But showed a higher high sequence within the higher time frame charts favored more upside extension to take place. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: DAX 4-Hour Chart From 8.06.2024 Update Here’s the 4-hour Elliott wave chart from the 8.06.2024 update. In which, the cycle from the 10/23/2023 low ended as an impulse structure at 18892.92 high. Down from there, the index made a pullback to correct that cycle. Th

Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano

Been learning Option for about 1.5years. Keep opening my eyes in option trading. Stock Investor and Daily Option Trader are two different game player, respect that. Different ball game, different mind game. Today I started with 5k into $SPY call since market open up. Max out at 1st 3mins and market going down south, got burn out by hold hope. Then 10 o'clock DCA another 5k. Still market heading south.... Market started turning at 10:43.By 11 o'clock I DCA again 5k. Sold my holding at 11:53. I was still down 6k on 1st DCA. Market turn around and I managed to turn GREEN. Yes, on Demo Account still I am gauging my skill. Yesterday ideology doesn't applied today, YET, I managed to learn how to DCA. How you might ask. Bigger account (duh...). BEST still I have met great guru to l

Hello everyone! Today i want to share some macro analysis with you! $Gold - main 2412(GCmain)$ Technical: Gold prices rallied yesterday and broke above our long awaited price target of 2644.65, which opens the way for further gains in the short to medium term. We believe that the way is open for gold prices to rise to the next major target of $2700.Therefore, we are waiting for gold prices to rise further in the next few trading sessions. Looking at the 4-hour chart, the 50-period exponential moving average (EMA) is posing support. It is important to note that if the gold price falls below 2647, this will stop the bullish trend and put the gold price under intraday corrective bearish pressure before turning higher.Gold prices are expected to t

Hello everyone! Today i want to share some option strategies with you!1.Probs gonna sell $Tesla Motors(TSLA)$ puts for next week (Oct 4 expiration). Targeting the 225 or 227.5 strike. Let's see how the rest of this week plays out before taking a trade.Typically wouldn't want to sell puts at the top of this current move (looks like it could be a topping point based on daily chart), but with Robotaxi and earnings events coming up in the next few weeks, we think tutes/MMs will keep the price elevated above the short strike. And if not, then we will roll down-and-out or take assignment. Follow me to learn more about analysis!!https://x.com/Selling4Premium/status/1838633794586464695