IBM blasted through previous resistance levels after its earnings report, then broke out to a new yearly level. Despite heavy profit taking by Professional Traders, the stock price held above that resistance level.
Smart Money has setup the 90% aka the ‘dumb money’ into selling the market all awhile they’re buying into the market. Creating and imbalance of S&D, steadily accumulating and soaking up sellers. Thus, price rallied and has now settled above the WAP
Monthly (1.27953) support being respected
Smart Money has setup the 90% aka the dumb money into selling the market all awhile they’re buying into the market. Creating and imbalance of S&D, steadily accumulating and soaking up sellers.
Weekly (0.67400) support being respected
EPZM ran quickly out of a very short-term bottom with High Frequency Trader action. High Frequency Trader algos are focused on 3 major industries at this time. This is creating opportunities for retail Swing and Day Traders who can enter with the Professional Traders, who are setting up for the High Frequency Trader algo triggers.
My long term view on Bitcoin is Upside, however we've been on consolidation on a lower time frame and that's why I think this is a good shorting opportunity. We are already getting a bearish divergence on the RSI on H1 so if the pattern completes and the RSI goes oversold then I will be shorting so let's see what happens
MSFT has an extreme deviation pattern for its business cycle. The Detrending Price Oscillator Indicator for cycle analysis shows an extreme speculative price mode is underway. Risk of profit-taking by Professional Traders is increasing as the stock continues to climb speculatively.