Looking to make money this week? Watch this weekly forecast to know more about the high probability trades that we have identified using www.WettTraderLLC.com. Don’t start your trading week without watching this video first!
This is Paul Wett from www.WettTraderLLC.com. This is gonna be your forecast for week ending this friday which I believe is the 11th or the 12th, let me see what we’ve got here folks, the 11th (Friday 11th).
Market hasn’t opened yet but let’s get right to the charts folks. We’ve got a lot of good activities, I’ve been saying that this market is gonna be coming up for a nice correction. We had our low here 1802.50 which made a lower low this low so that’s very strong support right there. Now I don’t know if this is gonna go lower or if we gonna take this high out but I don’t care, all the charts tell me what to do, okay? So as we’re saying here obviously this is the “sell”, we got a high here at 2110, got a low here at 82.50 right?
Now if you look at the sell numbers, we’ve just hit that 06.75, look at this 2007.50 right there folks, see that? So what happens is these markets gonna bang of those retracement numbers, those are fibonacci retracement numbers folks. Fibonacci, learn them, live them, love them. High, see that? we’re more than 6 points off the high now so that’s a pretty, pretty strong close off the high. It kinda reminds me almost the time that we sold off on that 68.75 high. See here we’ve back off almost 20 points but we still just came right back at making new highs.
So what are we going to look for this week? Here’s what I’ve got, our PP is 74, our daily; it looks like we’re gonna break out folks, breakout, breakout. Average is average, low is low, 83, look at that S2 72 (right?). What I’ve just tell you the weekly was? 74. There we go, right? The monthly, this is February 19th, we’ve already hit that because we already came to our 20 right? So now what are we gonna be doing hopefully until next target which is 2036.50, 2036.50. If I look at my numbers here, my “sell, sell, sell” look at that 2036.50, we’ve got 2033.31, that’s really close folks, really close. Boy, I love it when the numbers line up but I will tell you what though. With www.WettTraderLLC.com the software can do all the work for you.
So I’m thinking that there’s a high probability, this is a breakout day right? We still haven’t gotten our 5 bar high. This is a 5 bar high landed on time, this is 2 low landed on time. So like I said folks, high probability with my software, this is a PRICE AND TIME FORMULA and down here is where we see some data because obviously it’s pulling less and less data you can see as these arrows are coming down, but high probability. These things hit the price and time 90% of the time if I just watched that my friends, I can make a lot of money.
So let’s see where our support is. If I take my daily and I know that I’ve got a 74 right? This is one, two, three, four, five (not a five bar high), now this is saying “sell, sell, sell”. Great tool here folks, great tool. This is called Fibonacci tool here folks, you’ve just have it right at the red number, this low is 82.50 and I know it’s gonna be hard to get right there. We’re gonna take this to 2075 and look at that, look at that folks. See we got a number right here, so that’s really, really close. So that’ll be a SELL, right over here, see 2016; that’s the next one right there. using 2075 and 1802, 2075 and 1802. See that 16 number right there. Now I have an additional number right here in the 02 which is a different retracement, so this is a high probability.
Now, but what’s going to happen this week, we’ve got to hit our PP right? We got to hit our PP. So the PP is our average, but this way is an uptrend right? because from that high, to this low at 82, look at the red number, we’re trying to get it as close as you can. Okay? look at that so I have a support here at 27, I’ve got an 18 and 58; so I still have some support at this area. Now this here, one, two, three, four; this is a four bar high – four bar low. I don’t usually like to use the four bar lows but on the other charts, if these things gonna continue to rally on my 240 chart, it will go from this high (2007.15) there to this low right here. See? so we do have something right here at 74. So like I’ve said folks, this is www.WettTraderLLC.com you can see your areas of resistance, we’re still trying to put this high in, in the areas of support, we’ve got the 30 area, we’ve got the 60 – 70 area, so there’s a lot of room to make money in between there folks. So why not you try our demo www.WettTraderLLC.co
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