I think it will go down to the imbalance from CPI at least 50% of it we shall see and then after rebalancing that area I think we will go bullish because of the swing failure
Price violated weekly and monthly lows but was unable to clearly close below those important lows. Helping me to establish a clear hypothesis of where price could possibly be going next. There is data that shows price wanting to move in a bullish direction, ending the month of august with a bullish outcome. there a couple of possibilities to look for during...
it is a patience game lol .I take my trades from the 4 hour Tf & use lower Tf for confirmations whether to close all add more . Currently the 4hr seems to be in trade range , however am just waiting for a break on the upside then wait for a retest to buy long .
Here is what stocks we are looking at this week! NASDAQ:AAPL Seeing a nice bounce off of 100sma and the .50 fib level. Looking to take a move over $143 with targets of $144, $145, and $146 NYSE:NET Nice consolidation and retest of old $112 support. Looking to take a move over $116 with targets of $118 and $120
Price is looking to move bullish this week, after making higher highs and higher lows on multiple timeframes.
Will be on watch for pops back to the 20d/quarterly pivot area for a fade.
Starting with the monthly chart here to show you just how major of a short trigger this has just hit. The bigger picture target would be the monthly 20sma if you were to want to swing it. But the r:r is terrible since you wouldn’t be wrong until it were to make new ATHs. So then how do you trade it? Thought you’d never ask! The first area I will watch would be...
In the following video, I break down the following pairs for August, trading week 2. Top 6 pairs featured: AUDUSD USDJPY CHFJPY USDCHF GBPJPY CADJPY Top 6 wild cards: GBPUSD EURUSD EURAUD May you all have a blessed trading week, and remember to use proper risk management.
She’s not there yet, but if Monday this can flush hard down to the ATLs, I think it should offer a decent bounce. Keep in mind, I would prefer it to just slam down there. If it just has a constant grind lower then I would most likely scrap the idea unless I saw some definitive higher lows being put in and giving me the ability to have clear risk. If it were to...
She’s not there yet, but if Monday this can flush hard down to the ATLs, I think it should offer a decent bounce. Keep in mind, I would prefer it to just slam down there. If it just has a constant grind lower then I would most likely scrap the idea unless I saw some definitive higher lows being put in and giving me the ability to have clear risk. If it were to...
Quite the daily candle on Friday. Would look for a retrace back to the monthly pivot at 187.56 for scoops. That level lines up nicely with a TON of the recent daily levels.
Over 365.78 is the trigger for me and depending on the action, if we trigger I may just look to join trend that day. But if it wants to just stuff after triggering, I will patiently wait for better entries closer to the 20d with the possibility of keeping some on for a swing. Once triggered the target becomes ATHs for the swing. Obviously needs to trigger first,...
Bitcoin continues to look extremely strong. We are now retesting the major breakdown area from back in May. But we’ve reclaimed the 200d as well as the weekly 20sma and we are continuing to see higher highs and higher lows. Talk all the shit you want to on the crypto space, but one thing that can’t be denied is how well these names follow technical levels/analysis.
Crazy strong day on Friday with superb volume behind the move. Would love to see a weak open and a retrace to some key levels for early scoops come Monday. Can clearly see the 72.47 monthly pivot right there and if you look at the intra day price action from Friday you can see that level held multiple times. If that level can’t hold, the 61.8% fib level is going...
Tech actually seemed to lag last week in comparison. It had a strong Thursday and Friday, but earlier in the week you can see we came back into the 20d. We have a monthly pivot just ahead up at 15244, but after that, there’s really nothing till quite a bit higher. Obviously we will have some new weekly pivots starting tomorrow, but I hardly give those the same...
The S&P had a really nice strong push all week long. Kind of hoping we can get a speed up into that 4500 area for a nice extended look to set up some nice short opps. If that doesn’t happen, I would be watching for retraces back to the 20d/quarterly pivot/4400 psychological level to act as strong support. Below that we still have that 4365 area that will offer...
Check out what plays we are watching for this coming week! As well as a recap of last week's video! NYSE:SNOW On Snow we are looking for a break of the $279 level with targets of $280, $282 and $283 NASDAQ:BYND Nice bullish engulfing pattern after earnings. Watching for a break of $126 with targets of $127, $128 and $129
Almost feel like there’s no way to talk about this stock without hurting somebody’s feelings. So I’m sure this is where the video version of this will get a bunch of thumbs down. But this is such a broken chart that any spike off the report should be looked at as a gift to hammer short. My first level of interest is close to 42 where you have the monthly pivot...