$SPY has me on the edge of my chair here on the weekly and boy is there lots to review.. Let's start with where we left off last time.. The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory. (Green Outline) represents a BROADENING...
First idea First time charting TheStrat TFC all green Possible 2-1-2 on weekly Possible 2 continuation on 15min-daily Possible 2-1-2 on 3min $11C .08 $9.50P .08 Low risk for my first learning experience
This post follows #TheStrat trading strategy. Google it for more info. SPY is approaching the 50% level of last week’s candle and could be looking to form an outside week. The yellow lines are short targets. SPY stopped out buyers, then stopped out the sellers, stopped out buyers again, and stopped out sellers again, forming this dark blue broadening...
We are currently inside of a green weekly candle on bitcoin after a nice run for crypto. However, we are still inside of a big red monthly candle, putting Bitcoin at risk for going Full-Timeframe Continuity to the downside. This means each timeframe’s latest candle is a red candle which indicates selling on all timeframes. Here are the short targets into...
4hr Chart shows the small broadening formation we are currently inside of I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes. Keep in mind that the monthly timeframe is still red, my humble prediction for the...
Weekly Chart shows a longer term broadening formation with the purple box as my potential bottom at 13k-16k for BTC Daily Chart shows we continue to fail to push towards the high of the broadening formation and continue to break lower 4hr Chart shows that we are quickly approaching the long term broadening formation I would watch the price action around this...
maybe it's everything... No one knows... Will this week's price action will give us a hint ?
Right now, we have a broadening formation in the DAX; this usually happens, when the market in disagreement. On the upside this lead us to 13,720, but what would happen if China is going to extend the "vacations" by another two/four weeks. For German manufacturers this would lead to an demand shock, since a lot of German manufacturers are heavily involved in the...