I drew this about a week ago and forgot to post it. I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past Trend Prediction by tracing the trend it made after this move in the past and projecting it forward on to the current move.
Then I took the same move on the Daily which is a different Time frame then the first..and found the same move with out a key and traced its path and projected it forward as well.
Sometimes I use about 5 other Price Action tricks I have have developed over the last 10 months or chart out the Curve and what Stage it is in. The Curve is my own brain child and I compare that to Wycoff method. Taking all of these into account You have several different approaches to confirming direction and intent of the institutional buyers and where Retail resides during this move.
If you would like to have more information or videos on Any of the ways I chart pls comment below. Like, follow, Subscribe...share. Thank you, iCantw84it 06.08.2021
@hector158, if they are they are doing a horrible job at it... the hard part was already done overnight in the afterhours....Institutions ran it up to $16+ then dropped it down all we had to do is come in and buy or hold and not let go.... instead they immediately got scared and dropped it or got greedy and took a short profit. which is understood if you had been sitting in this thing prior to a month ago.... Im sure it hasnt been moving. So I have a hard time sympathizing with people because the way I chart I find the bottom. Or maybe they dont see the bigger pic...but for me. This thing is going to $23 maybe i cut out short of that because of time. But I will be right back in it if I do. or I might end up owning some shares...
hector158
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@iCantw84it, I bought a 1k shares today. I’m holding to $23.
iCantw84it
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@hector158, Savage! I actually want to do this but I am waiting til I 20x my account then my first $1000 will go to PLTR then most likely CLNE, UEC, I have a bunch of spacs PLTR invested in that I am looking at right now to see if there is anything worth getting into.
PLTR is going to merge into Healthcare some how.
I believe they are the next amzn or Goog
iCantw84it
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@hector158, , Actually what I really need to get into first is IPPLF the energy sector is getting eaten by the bigger beta fish in the pond...ET was the first one to start the feeding frenzy when they bought ENBL for 7billion....basically saying ENBL was less than half its actual true value at the time of purchase that was showing in their stock price.....So it needs to hit $16/ per share to equal a billion. IPPLF is being fought over by BAM and PBA. There is an unspoken 6B dollar high potential project that IPPLF has in the works and another Pipeline Project worth 1.25-1.45 Billion in Canadian Dollars.