in continuation of my previous post: Based on dailies, I'm showing a reoccurring 3-5 day retracement after every 6 or so push up. With that (and the macd, stoch, cci, and rsi), I'm continuing to assume a short position for the next day at least. Long term, there might be a swing back as I note with the ABC line. Let me know your thoughts
At support, ther is a chance that price holds in the SZ. Going long if price can make it to my buy stop. P! ...try this: mytradingcoach.teachable.com
This shoot up is usally not sustainable for a continuation. Price haltet right at the centerline, and where the zone of the last breakdown is looming. A jump above the centerline would indicate a continuation in the direction. I prefere to with the trend, even the flow right now is up i think the stream will correct it. P! mytradingcoach.teachable.com
My data miner is showing high probability, based on last 20 years, of VOD going up Longterm neutral Andrew's Pitchfork at roughly 33.50; Shortterm schiff's pitchfork bullish (and below price action); Showing strong support/resistance at fibonacci levels ActionReaction showing a downtrend yet realized that should end around 4/22. Fib Arcs showing strength by...
Unfortunately there is no trade for me, even this is a superb place for the market to turn. ...there is no structure to hide my stop ;-) Facts: - Trend is down - Bubble Up (usually not sustainable) - A/R resistance Let's observe and maybe the market creates a stop-structure for us... P! mytradingcoach.teachable.com
If price is able to jump above the dotted A/R line, then we will see price way up between 50/52, where another bigger EP is waiting. P! Free to join: mytradingcoach.teachable.com
Just another Bread & Butter Trade... P! mytradingcoach.teachable.com
This is a TB-Short Trade i take often when they show up. Let's see if we come into this one... P!
What is important on this chart is not the trade! It is how you can see support and resistance at the lines. If you know how to use these tools your chance of profit increase dramatically, because all these lines do is follow the law of Action/Reaction - Newtons law. It's not a holy grale or such. But when something is happening over 80% of time, then we should...
Over and over and over again... Price reaches the centerline over 80%. Any Market, Any Timeframe - You could even take wheater data and find out that it works §8-) Here's your seat to learn - it's free: mytradingcoach.teachable.com P!
Here i go long on a re- entry on stop. Not the very best RR, but the centerline is reached over 80% of time and the A/R is also ahead to be targeted. P!
Price has arrived at the L-MLH extreme. From here, chances are very high for a turn, but no intension so far. Just observe... P!
Holy Moly... I use Newtons law of Action/Reaction many years now. And again - i'm floored once more, how one can do a little "magic" with this knowledge. Time will tell if we go down from here, but hey - If I see the previous FACTS in front of me, I really don't bet anything for another move up! Thanks to all my followers for your support! P! Get your seat...
Overall DT. resistance on the SZ and at the U-MLH very low closing bar (PinBar), rejected at the SZ This is a potential short which i try to trail down as far as possible, without the exit at the CL. To me, the past down swings look like a load of a big battery. ...just my view, and probably dead wrong ;-) But i play chances, like Casinos do. P!
Good credits for this Bear Call Spread. With GC going down, showing it's intension to the downside, i love to get some $ for low risk... P!
Gap filled and now down we go... Let's see if the third pattern evolves the same way. P!
Newtons law of Action & Raction is validated a gazillion times... And here we have it again - From Extreme To Center over 80% of time. Learn to read Aciton/Reaction in the markets and start with the very basic course for free at: mytradingcoach.teachable.com P!
...recently i posted a similar chart. Do you remember? P!