Everyone can see this H&S pattern and price will drop thru the lows to the fair value level around $210-205 level. Retail traders will sell on the break of the neckline and provide liquidity for the institutions who shorted higher up to cover their shorts by buying into retail selling. I don't think this is a very good H&S pattern because the right support...
After 3 pushes up, all the retail traders were all excited because i have a retail trader friend who wanted to buy. They also tricked the shorts into buying to cover at the top to provide liquidity for the big boys selling. I know this because the next bar was down instead of up, plus all the buying volume dried up before gapping down. I am expecting the...
On the 4hr chart it is very clear to see the drop off in selling volume until it dried up completely. The large players quickly responded to this no supply bar by buying on heavy volume. Price is way below fair vailue of around $15 so worst case is for price to rotate back to fair value of $15.
Natural Gas dropped on the Head and Shoulders pattern and has met its measured target. This should be the bottom for a little while, I'm not sure how high it will go, but most likely it will rally back up to test the break down of the H&S around $15 where a bunch of weak longs are willing to sell just to break even on their poor entry. Now if price refuses to...
I just took profits on my longs on Friday expecting a pullback to the lows or even better a drop below the bottom edge to grab liquidity. I want to see declining volume on the lows to ensure there is no more supply before the rally begins either in mid month or in time for the santa clause rally. Price will probably compress at the bottom during the quiet...
These are the fair value and top/bottom edges to trade off on the daily chart. There is a clear rejection off the lows and it looks like price could move higher into liquidity above 5 as winter approaches.
It looks pretty easy to trade crude to the downside as its still in a strong downtrend and we are several months away from the seasonal long in Feb. Price either goes back up to fair value or the bottom edge.
When price reaches 21, look for rejection on smaller time frames. Gold is still weak and this is just another opportunity to reshort at higher prices. All this high volume just looks like short covering instead of new buying. The reason for this is that on the high volume UP days price either dropped the next day or didn't go up very high the next day. On the...
Price came down and pinned the monthly fair value level and is holding, so price is ready to go higher. Buy on any pullback below Friday's low with a stop at 53. Friday's price came back down to test the fair value of this little trend channel and the volume was a bit high, so i expect a low volume test on Monday to buy on. Target is at liquidity - $59.. ...
UGAZ spiked up on fundamental news last week, but dropped aggressively on Friday to test for supply before breaking out higher. The large players are not willing to mark up prices until they are sure that all the selling has dried up and they did this by gaping prices down to force the bears to show there hand. The volume was so low which means the bears are not...
this is a retest of last weeks high, so this engulfing pattern is not a sell
Institutions bought at the bottom and quickly reversed the downmove. I can see a clear build up of buy stops where institutions will push price up to take profits or keep pressing to new highs.
Institutions are supporting AAPL because it is a lot stronger than the market, moving sideways instead of straight down. Price has to go to new highs in order for the big players to take profit.
It looks like it will go up big tomorrow based on the high volume and quick rejection off the value area, plus on the monthly it is a cup and handle pattern. Target is at 13.50 then 15.00
It looks like this may be a breakout buyers trap if prices can't go above session highs. I'm shorting on a pull back to yesteday's high with a target of 1.36000 on the trend line
There were a lot of traders who were long yesterday because of that huge hammer and their obvious stop placement is below the low of that candle. The Big institutions know this so they push prices down hard so they can grab the liquidity. Once they grabbed all the stop orders they quickly got out of that level. The weekly, monthly, quarterly and yearly charts...
It's very clear that Aks is beating the market on the cup and handle formation and you can see that levels are rising.
The big boys are fully behind this move by looking at the volume spikes and the liquidity grab.