We're likely to see a consolidation on yesterday's low so as to gather accumulation of orders then a short bearish distribution (judas swing) then a clear Impulsive reversal swing (bullish) on the sellstops marked (X).
Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these...
MY DAILY RANT : As prices advance and decline the Market creates new important foot prints for astute traders to gain clues from. In my opinion the market is creating mini Waves that are at first random based on the two main factors of market traders personalities, Fear and Greed. When the market has expanded into new territory or reacted down into new territory...
Hello traders and investors! Let’s talk about NIO today. First, NIO lost downwards the Descending Channel we discussed in our last study, so it just resumed the bear trend until the next support level. And as usual, the link to my previous analysis is below this post. The $ 35 area is interesting, as NIO filled an open gap , and it found a support there too...
TVC:DJI : Be fearful When Everyone has is being greedy Stock market has been running on optimism for past couple months, now when all the good new, stimulus, reopening, tech-stock earnings are calculated in this bull run, in my opinion market is heading for a healthy correction, unless S&P earnings grows 30 times !!! good reversal zone may reside between...
$PLTR in buy zone territory, new interest has been showing up in volumes around 27-23 price range. Held near support area. @CathieDWood @ARKInvest seems bullish on this, will be watching for another run up. Short Term Target: 33 Short Term Target 2: 41
New Upward resistance level comes in at 55,283.38
Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which...
Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which...
32427.41 32016.64 31600 31195.09 30700 30373 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called up several traders from different bank trading desks (all...
While I have seen and heard of Crypto Trading I must admit that I paid no attention to the explosion of these markets. Being an old salt Bank currency trader when I discovered Bitcoin at 3.00, I laughed and thought to myself these guys are going to get set up by the G7. The Central Banks are the biggest and most Powerful Mafia on the globe. They don't like...
60.00 57.74 54.74 52.08 50 46.87 44.98 42.08 38.35 36.19 33.50 31.37 30.66 30.10 28.88 25.67 23.10 19.00 16.40 12.00 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created...
2151.42 2102.49 2030.86 2006.40 1980.17 1955.72 1931.24 1906.00 1882.32 1857.86 1808.93 1752.78 1746.49 1719.18 1654.53 1562.00 1475.72 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I...
Added more TRNs to the upside 1.2278 1.2442 1.2610 1.2776 1.2943 1.3108 1.3330 1.3440 1.3618 1.3784 1.4011 1.4277 1.4603 1.4870 1.5410 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I...
49.31 47.31 45.96 44.82 42.58 40.34 39.42 37.12 35.75 33.91 32.08 29.78 27.70 25.77 23.39 22.11 18.10 15.87 12.00 9.15 6.00 3.70 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I...
64.00 63.00 60.00 54.10 49.35 48.61 47.22 46.52 45.13 43.70 39.05 35.45 33.50 30.70 28.20 25.15 22.60 15.82 14.11 11.88 10.59 6.00 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels...
15.28 17.20 19.60 22.49 23.66 24.95 25.70 27.48 28.91 30.70 31.42 32.73 33.60 34.91 35.81 36.69 37.29 38.41 39.47 40.01 40.55 42.14 43.21 44.32 45.01 46.95 47.09 47.90 48.16 50.00 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not...
1540.00 1658.64 1773.95 1866.13 1913.90 1968.47 2027.27 2105.27 2244.06 2351.53 2406.25 2530.00 Who Am I To Develop an Indicator? I must admit that once I developed these areas of Resistance and Support, I could not faithfully trade them. I had no real confidence in the levels because I created them. In order to gain confidence, I had called...