Many of my readers know I had been ultrabullish specially with HealhCare and Telecommunication areas over the passed months or is it half year allready…anyway, I mentioned many times I disagree with traditional theory EW that cont. triangle is not located also with W2 positions.
A few days ago my CYNO triangle gave it´s response and I was working long time with it´s EW triangle and I have to confess I wasn´t 100% sure anymore is it going to give for upside but it finally did.
Once I noticed it I started immediately checking my another healthcare charts does any other have similiar and looking nor further that my own existing EW charts I found it, ELOS have it. I found some of my telecom charts this way also after realized one case like Ciena I knew there is something going on for entire business area.
What did I do next was that I decided to take high-risk trade for it, for ELOS – reasonable size also have to confess, I think it was one of those very classicals as those telecoms were, where EW does not leave much open questions of alternates. Huge “silicon valley” Macd also with all the 3 crosses to confirm very last thing.
One additional or individual testimony was also that Anthera pharmaceuticals “MEG” pattern mentioned on last weekend. It started to reponse also today but not this agressive way, “only” +9%.
How did it ended, well, today it then ended & gave it´s response, my call options rocket up for +500% profit which I booked ;).
Might be good tip to remember, if you do find something extraordinary good with EW from particular business group, check all the charts – the same might be all over the places and perhaps most often it is.
