Looking at jumping on a long trade if we keep rejecting that 114 area because we still are in bullish territory and we may see another upside rally, so huge potential for profit if can produce a nice entry... obviously move those stops to entry level as soon as 10 pips or so in profit.
In my livestream last Friday I talked about how I like the stock Delta NYSE:DAL . I like the company because any time I fly this company is going to be my choice. It's properly priced for its value compared to other airlines. Granted, there are unique risks that airlines face such as fuel costs and accidents but people will always need to travel from A to...
Currently I am seeing two possible scenarios. breakout of that smaller timeframe zone we heading to that first target(35290) comfortably. Retracement to the previous supply turned demand zone on the 1H timeframe we heading to the second target zone(35485). Ideally I would like for the bigger retracement just so that the market come and retests the previous broken...
In my analysis of EUR/USD on the 4 hour chart, this currency pair is moving Bearishly, currently retracing to the next Higher Low to est. price $1.17847 at it's lowest point & 1.17937 at it's highest point, which should be between the 1.5 and 1.618 on the Fibonacci. The currency pair should reach the next Lower Low at price $1.16899. I used the Fibonacci and the...
As we can see the price now is near the last resistance left on the chart and can face some correction soon.
Notice: we were strongly bullish on bitcoin and the market for a while, but now it is time to look for a lower price to add more or to sell here and buy again at lower prices.
for sure the market is strongly bullish and it can easily continue too and...
First off, check out my new VWAP script I wrote that allows you to use multiple VWAPS on multiple time frames at one time (used here with the black lines).
If we keep this momentum, we could see a slight dip to the 2.3 levels to re-test the VWAP as support. Using the Volume Profile, we can see that the Point of Control is around 3.2 which is the first major...
Contract - CME_MINI:NQM2021
- PR High: 13952.00
- PR Low: 13925.50
- Gap: = N/A
- Session Open ATR: 208.13
- Volume: 25k
- Open Int: 222k
- Trend Grade: Bullish
- From ATH: -1.5% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 14104
- Mid: 12530
- Short: 12598
Keep in mind this is not speculation or a prediction. Only a...
Looking to enter shorts on a pullback retesting a major broken ascending TL in confluence to the inner 0.618 fib retracement and previous area of support which is now key resistance. MA50 in respect to the structural breakout could indicate early signs of a momentum shift for next few trading days (despite the aggressive monthly close).
My sentiment on intra-day...
NASDAQ:GRVY Hits a key support level:
The support level is :
1) Related to a previous top
2) 0.786 Fibonnaci retracement
3) At the 89 period moving average
4) The trendline since October 2020
I am getting long at this level:
1) We have a stochastic hidden bullish divergence
2) The company is growing it's earnings per share
3) The general market is going up
It seems to have stayed in the megaphone trading range that I set earlier.
The Fibonacci levels are interesting because it would suggest we'd hit roughly 40k then oscillate all the way up to 46k.
On the other hand, it is scary because the retracement level below where BTC is now is roughly 30k. This would go along with the theory that bitcoin will have a...
As I keep mentioning the best Fibonacci level I've found is the simple 50% halfway point. BITFINEX:LTCUSD has demonstrated this beautifully as each impulse wave over the last many days has pulled back to hold its 50% level and continued upward.
I'm really proud of my trade and position on NYSE:CMI not just for the profit but the beauty of clear price structure which I wanted to share. This is clearly a BULLISH stock on a run but within it are some positive teachable moments. Multiple times it has held CLEAR price high/log inflections along with 50% retracement levels.
Trades like this are why I love...
After earnings NASDAQ:SRPT tanked HARD to what was a prior support at 126.53 where I had entered back in September. I watched this closely with a residual positions to see if it would hold it or break the level. I wanted to have some skin in the game for SRPT to retest the highs for the long term. So far today it looks to be holding that level as it has...
This afternoon after 1pm in the "zombie hour" there was actually a great trade on AMEX:SPY . I missed it because I was at the gym when the signal came in but I wanted to make a video about it for my own posterity as to what makes a "GOOD TRADE!"
What made it a good trade is that the reversal signal occurred right at the 50% retracement of this week's big price...
XMRBTC lost the weekly support after the price retest 0.382 fibonacci retracement.
IF the price will lose the current daily support and flip into resistance, According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure ->...
On my last post about AMEX:UVXY I noted the distinct "trade of the week" theme. The idea that volatility would expand seemed to be obvious to everyone thus a trade on UVXY long seemed to be the play. Opportunity is rarely so obvious and that was why I suggested caution.
The Trump tweet of last week probably got a lot of folks in the trade excited to see...
I'm bullish for reasons:
1. Weekly Cup & Handle
2. Weekly HK Doji signs of reversal
3. Price breaks the 0.5 RED resistance and hopefully will hold as support
4. Bullish Divergence already played out (inside vertical lines)
5. S&R Flip (resistance becomes support to hold the Handle in the Cup
Buy Area @ 0.382, 0.5, 0.618 RED Fib
Stop below 0.618 BLUE Fib