I wanted to make a companion explanation video for my idea that I just posted comparing the Daily Stock Market Indexes to the 30 minute timeframe on Waste Management. Both are setting up the same pattern across different instruments and timeframes.
Last week's price action of the stock market gave a textbook example of one of my favorite and fundamental trading patterns; that of the false breakout reversal. On the longer term Daily timeframe both the Nasdaq and S&P 500 setup this pattern with the February 24, 2022 spike to break but then recapture the January 24, 2022 low. We do not have to wait to see how...
One of my must trusted signals for false breakout opportunities just triggered in the stock market on both the Nasdaq NASDAQ:QQQ and S$P 500 AMEX:SPY . If you are a regular viewer of my content you have seen me talk about this setup before as it is one of my most trusted fundamental strategies of my trading. Win or lose THIS signal we got on the Russia/Ukraine...
The stock market indexes last week on the Thursday rip setup a bullish spike false breakout. I expect the intraday price action to slow down as we move out of the volatile days of January-February and the Daily setup should dominate. Over the next weeks I expect a rise to retest the All Time High. I would change this opinion with a break of last Thursday...
Today at the open MANY stocks in the S&P 500 did early trading spikes before recovering their trading range. NYSE:RCL happened to do this at a 50% Retracement Level Support.
Garmin NYSE:GRMN had earnings today and the price action on the swing timeframes broke the past weeks' lows to recover back inside the range. This setup is happening right on the 50% Retracement of the COVID low to All Time High along with an Ichimoku Cloud Pullback on the Weekly timeframe. Options spreads are wide so this trade will be best expressed with shares.
I just got an alert that BITFINEX:BTCUSD had a Spike Alert at a key level following a weekend of consolidation. Price is testing the Liquidation Low of December and trying to break higher following the recent rally. This creates a clear range that Bitcoin will likely break out of to the upside or downside. I am still trading Bitcoin as it is in a bearish...
I want to show traders examples of a powerful phenomenon for trading price action. This quick price action happens on earnings, major news events, and other catalysts. It happens on stocks, cryptocurrency, futures, and anything that trades! This involves some candlestick analysis but is incredibly simple. Traders can use this to spot reversals and be...
Maybe. Robinhood stock (HOOD) could have setup a bottom on the last earnings. The stock has been rallying today but the foundation for why this could be a bottom still presents a good reward risk trade. In this video I talk about the potential trading setup, why I like the potential, where it goes wrong and you need to stop out, and use HOOD as a teachable...
On January 10th I noted a price action Spike Alert around the December 3rd Liquidation Low. I saw this as a bullish signal as price was respecting that low with buyers coming in. In the days that have followed price action had a chance to reverse the bearish trend but as of this morning seems to be stalling out. The "bullish trade" is close to breakeven and on...
All the things crypto are spiking on the swing trading timeframes. The Bitcoin entry now could be good... it has prior hesitation in price action and one could target the top of the range for a superb reward/risk. However, the rest of the spike signals in other cryptocurrencies look more like volatility. These spikes are happening in the battleground middle of...
Litecoin BITFINEX:LTCUSD gave a Spike Manipulation Signal. I have been looking for trades over the last few days to short cryptocurrencies back to retest the low of the recent liquidation event which will be the first target. I'll hold a partial position for a break of the Liquidation Low.
A few minutes ago there was a Spike Manipulation that triggered stops above the last Rally High on BITFINEX:ETHUSD . This sets up a very low risk trade to short the rally back down to the 50% Retracement. 5 Minute trading timeframe:
Today's divergence between Ethereum BITFINEX:ETHUSDLONGS and Bitcoin BITFINEX:BTCUSD can be visualized in the price action of the cross pair BITFINEX:ETHBTC . Yesterday's price action took it to the 50% Retracement of the most recent bullish trend and Market Manipulation Spike signaled a rally off the level.
Today's FOMO volatility created many Spike Alert opportunities. Along with equities, crypto, and all other risk assets spiking to the bull side the inverse properties of the US Dollar came into play. The Spike pattern most in line with my strategy was found in FOREXCOM:USDCHF
Got a lower timeframe Spike Alert on BITFINEX:DOGEUSD from my Tradingview indicator that also happens at a 50% Retracement. This alert also reminded me to add this to my Discord integration. I would be targeting a retest of the liquidation low from days ago. Dog money may only have dog days from here...
Yesterday's close on NASDAQ:TLT broke the day's range causing many to think it was going lower. However, today's open reverses that sentiment by opening back above that short term range. Bonds are a very cyclically trending instrument (see below) and at some point the down move of the last few days was likely to reverse. This could be the setup with a low...
I admire folks that are willing to put their trading out there for comment and criticism. It takes a lot of emotional control to trade in isolation much less when under public scrutiny. Cathie Wood was the idol of the trading world last year and widely followed for her style of exciting and parabolic investing as well as her public charisma and confidence. ...