NQ Small Window for a Short Opportunity...?
NQ1!
Great rule of thumb...Patience pays the man who conquers it!
I came up with this Short narrative after Friday's market close, just going over PA and understanding how the market moves in cycles...Can the HOUSE CAPITALIZE THIS WEEK...?
Here's is the breakdown and reasoning behind the small window of opportunity I see for a Short!
1) I noticed the strong manipulation by buyers to the Upside enticing sellers to short at the 4Hr Supply Zone pricing around ($17960.25) which essentially failed with buyers coming in very strong and breaking the 4Hr Supply Zone/ Minor Resistance Level and pushing higher just to sweep the HIGH of the market ($18121.50) and then starts to work its way back down...
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2) Price is currently trading around the Minor Support Level of ($17960.25) and I don't think its going to hold (IMO)...I want to see sellers break this level of support and continue to push lower. * Which will be our 1st confirmation...
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3) We have a Major S&R Zone that ranges from pricing ($17875.50) to ($17792.25) In which I want to see fail also...*This will be our 2nd Confirmation...
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4) Now if sellers can break this S&R zone we will heading into the Daily Swing EQ Level around ($17746.75) and a Major Daily Demand Zone...***Now This will be our 3rd confirmation once S&R zone fails and sellers breakthrough pushing towards the Daily Swing EQ Level...
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5) I want to see sellers break past the Daily Swing EQ Level ($17746.75) and Close underneath on both the 30&15m Candle sticks and mitigate the Daily Demand Zone. After we can get these sequence of events to take place...*This will be our 4th confirmation once we get candle closure underneath Daily EQ Level on both the 30&15m candle sticks...
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6)Now if we can get these sequence of events to take place that I stated above, I want to see buyers come back in and buy price back up into the S&R zone that failed previously. *This will be our 5th and final confirmation...Oh & I forgot to mention Price needs to be trading underneath the RED V-WAP on both the 1Hr&30m as a last min. Cherry on the Top confirmation...
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7) Then I will be interested in SHORTING at the EQ level of the Previous Failed S&R Zone, covering the HIGH for my stop & targeting the next Minor Support Level inside the Daily Demand zone around pricing ($17578.50). Roughly around a 1000pt move. We can easily catch a solid +2.5-3R % Gain Depending on your management system...
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**** Now Remember nothing in this market is set in stone. This is simply a projection of mine, This does not mean it will come to pass...We play the game of probability, However I am very confident in my reading and level of expertise when it comes to PA...
***This is not financial Advice just my personal opinion...
Now we sit back N Stalk like the Saltwater Croc!!!
+2.5R% GAIN this week!! Im claiming it now!!!
#BHM500K #NewERA
Comment:
We Have multiple candle rejections on the Daily TF, which indicated exhaustion from buyers IMO and sellers are starting to get ready to participate as the dominate hand...Lets wait N see what transpires! Stay focused...
#BHM500K #NewERA
#BHM500K #NewERA
Comment:
Still Monitoring...Updated Projection! Remember just my personal opinion nothing is set in stone... We play the game of pure sure probability! Lets stay focused!!
#BHM500K #NewERA
#BHM500K #NewERA
Comment:
Price moving as predicted....Lets stay focused! #BHM500K #NewERA
Comment:
Stay focused... We cannot Slip! -Management500K
Now lets sit back N stalk like the saltwater CROC!
#BHM500K #NewERA