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Boxisbox

RTY Box LevelsI've taken some time to chart the Russell 200, and I have to say the box is looking quite excellent. Nice and clean levels, makes a fella wanna put a bid in. I am not used to trading this name(literally traded it the first time on Monday), but it seems like a good time so far. I'll be on the look out for LBAFs and LAAFs, no directional bias just trading what is seen atm. If a look below and fail occurs and is sustained at the upper box, then it is objectively a long (especially if we trade lower first w/a failure to go lower), otherwise if we trade through the level w/ continuation or trade higher first and fail, then a LAAF would take us within the middle box's range. Trading higher first and failing is more bearish than trading lower first. Trading lower first and failing to go lower is more bullish than trading higher first. I like to keep these concepts in mind as I wait for the opening and initial balance ranges to form intraday, and from there, I can form an opinion and initiate a trade.
CME_MINI:RTY1!
by The_Villain_777
Tsla - Box is Box?I have what seems like a thousand tesla charts now...and they are all telling me tesla needs to have a seat soon. Tesla has been consolidating on the daily timeframe for quite a while now. What happens if we continue to see presistent failures at the top of box or a look above and fail on the weekly? I'd put my money on a return to value. At some point, tesla should revert back to the mean and I will be there waiting to LEAP at the opportunity(get it?). I would love tesla around the weekly volume point of control around $245 area (this may shift as the days go by). If tesla retests the weekly value area high around $314 and is rejected then we may take a trip down to VPOC town. Granted, for any of this to happen, we would need technicals to cooperate, meaning a LAAF of box and failure to hold the midpoint($384ish), as well as a turn in sentiment. This could happen this fall or next march, who knows, but I'll be there when it does. ~The Villain
NASDAQ:TSLA
by The_Villain_777
1
LLY - Beware the MotherbarTaking a closer look at the Eli Lilly chart and noticed that there is a box setup forming on the daily time frame. Specifically this box is the product of a mother bar. If you take a look the last 4 daily candles have more or less traded within the body of the XXL green candle on the left. I would be mindful of this mother bar/box in the coming week. Don't get too bulllish at the top or two bearish at the bottom. I suggest also taking a look at SPY's chart as there is a similar pattern forming, albeit a much more defined motherbar. A look above and fail of $824 could make a great short, or a look below and fail of $763(A+) or $773(B+) is a great long. The trendline also sits near that low so if the LBAF plays out that is another supporting confluence for this trade.
NYSE:LLY
by The_Villain_777
2
Plug - Hear me outProposing a trade on a shit-co like plug may earn some laughs but hear me out for a second. In the right light and with enough alcohol, she could pass for a strong six. I'd do her. Jokes, aside, due to the frantic rush to solve AI datacenter energy problem, power companies have been getting a lot of play lately, some have real growth potential, while others may be the speculative dream of degenerates like myself. A 25 year old company, about to hit the figurative wall (DiCapiro joke...slaps knee), has suddenly seen an influx of buying activity and what looks to be increasing volume following a look below and fail of a weekly box. According to box rules, I can't ignore this trade. Plug has been in an area of consolidation for years. It's completed atleast two look above and look below and fails of the larger boxed range. I'm not saying that this stock is going to the moon, but if It can reclaim the top of the mini weekly box and hold the midpoint of the larger box then $8 seems like a realistic target to me. Now, this stock would easily revert back to the volume point of control (VPOC) around $2 or lbaf again or simply fail miserably below the boxes...then all you degens will be living in boxes. If we do see 2.50 - $2 again, I'd love to take an entry there (a lbaf of vpoc would be nice too). Otherwise, I'll be monitor this name for the mentioned trades. My posts are for shits and giggles. I'm just a guy with an interest and a celcius addiction. ~The Villain
NASDAQ:PLUGLong
by The_Villain_777
3
Palantir - The Box Calls The ShotsI recently posted a palatir chart with clean levels of where I'd look to DCA. While those dip-buy levels can easily be used to trade the name, I think it would also help to be mindful of the box ranges as we trade into them. As you'll see, Palantir loves to play with box as much as I do. If you are familiar with how to trade box set-ups, you can take advantage immediately; otherwise, you may want to do some research on how to trade these. ~The Villain
NASDAQ:PLTR
by The_Villain_777
5