This can break out of our controlled selling algorithms any day - especially as we started to see sell-side tapering via our teal algorithm on Friday.
Look for Yellow strong buying channel to activate and break us out of the magenta/purple/teal algorithms which will lead us to a retest of highs at the $180-$185 level.
We will be trading this today live on the stream if the opportunity presents itself - we have some clear levels and things we're looking out for and we don't want to miss this one.
See you there!
Happy Trading :)
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Well this worked out nicely (to say the least!). Happened sooner than I expected it to but nonetheless, 20% move on the day after clear tapering and liquidity built. This is why I do what I do!!!
this seems little bit chaotic to me, point for you if you have system in it :}
TraderDaddyOG
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@truthfulDove96817 haha definitely looks chaotic to the eye. And even more definitely works like a charm in reading and understanding the markets and who (buyers or sellers) is in control and where they may need to take price in order to continue their dominance. Not for everyone but I’m sure if you watch some of my videos you will start to see the beauty in it. Thanks for checking out the page!
@dalhanti thank you! Absolutely - plenty more coming your way. Beauty of the market is that they’re happening every day, we just need to find them!
e-p
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Game of Sticks anyone? 🤣 If it works for you then you then keep going. 👍
TraderDaddyOG
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@e-p with all due respect my friend, you are making fun of my chart because there are a lot of lines (which I’m used to) but you chose a video and analysis that could not have worked better not just for me but anyone who watched this. The stock did almost exactly what I said it would (based on PA that I explain) and proceeded to break out over 20%. It works for me and it could work for you but I can understand why you needed to laugh at it first. Anyway, hope you come back and continue to watch as I am just trying to spread my knowledge and ideas in the market to others and I believe it could work for you too! (Btw - I’ve seen so many charts that have way more going on than this - think of these lines as my indicators. Instead of having 20 of those, I have 20 “lines”). But of course, to each his own. Have a great day!
TraderDaddyOG
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Well this worked out nicely (to say the least!). Happened sooner than I expected it to but nonetheless, 20% move on the day after clear tapering and liquidity built. This is why I do what I do!!!