I put out analysis on this trade on Friday and am still a believer in this stock longer term! Good signs on Friday off of a yellow pickup and looking to retest that more tapered blue selling algorithm before a continued activation by yellow and breakout toward the top of this daily IH&S. Stay tuned, Happy Monday, and... Happy Trading :) - TraderDaddyOG
In a long-term downtrend and at the top of the channel. Higher time-frame candles with wicks to the upside. Lower time-frame candles showing strong bear support.
As we can see, the price is positioning for a potential breakout, as seen in the video. However, joining the current trend requires a bit of planning. The best option is to wait and see the nearest structure to be tested and broken effectively. Then, use the Price Action Entry Model to join the trend on the lower timeframes, which could be intraday or session-based.
Pfizer looks ripe for a bullish breakout so expect a catalyst to show up VERY SOON. "charts predict the news
Multiple time frame analysis for Gold. The speculations about the next potential resistance. Trading plan, trading recommendations. Thoughts. ❤️Please, support my work with like, thank you!❤️
I caught the breakout of this HTF selling channel and sold at the top. We are now retesting the orange selling channel with support from our strong buying teal channel and below it, yellow. With banks announcing earnings in a little over a week, this could see us at $100 really quickly Happy Trading :) - TraderDaddyOG
Tapering Tapering Tapering! Looking for a buying continuation activation and breakout of our controlled selling algos. If you look on the daily chart as well, you'll see a massive (beautiful) Inverse H&S pattern forming. Happy Trading :) - TraderDaddyOG
In my video yesterday I explained that proof of tapering from our purple HTF buying continuation to an even more tapered blue will lead to a liquidity build and a need to activate a stronger buying algo below. If taken correctly this turned out to be a 15 R:R trade. Happy Trading :) - TraderDaddyOG
With signs of tapering kicking in a month ago and our strong buying channels awaiting activation, we've been preparing for this breakout and finally got our entry last week! There's plenty more room for this to go although we can see some immediate signs of resistance here at our tapered teal. Look for yellow strong buying continuation to continue to activate and...
Next Stop: 247.50 When we see ourselves breakout out and retesting a strong selling algorithm like magenta here, we are almost guaranteed to come and retest the top of our tapered selling algorithm (teal here). Look for yellow strong buying to continue to activate and hold price for the move to retest teal. A future breakout of teal will then allow us to retest...
We are seeing rejection from a very tapered blue buying continuation after last week's rejection of purple. We are holding magenta stronger buying continuation so we will need to see this fail in order to get into a further downside trade - however, with additional proof of rejection from blue tapered, we can get in an early short position to at least magenta to...
In this video, I follow up on the trend line exercise I introduced in the last post. The exercise is designed so that you can learn about markets and price flow in your own experience. There is beauty and harmony in each chart that shows the footprints of the buyers and sellers. To most people, the price action on a chart looks chaotic. It's not chaotic, you need...
Multiple time frame analysis for Gold. Price action & important key levels. Trading recommendations. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
Hello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: Last month Bitcoin finally broke above and also closed above the previous all time high which was roughly at the $60.000 level. Considering that Bitcoin is in a massively bullish market, we could just see more continuation towards the upside. But if we get a...
Price action analysis for Dollar Index. Important key levels. Potential scenarios. Trading plan. ❤️Please, support this video with like and comment!❤️
Jindal World - Weekly timeframe Following the lower high pattern 280-300 strong demand zone This chart is only for educational purpose. Please do your own analysis before taking any decisions on your investments
We had multiple false breaks on the higher and lower timeframes. Strong bear candles and following the trendlines.
USDTHB is consolidating in a very small region at the end of March 2024 . USDTHB has got a history of breakout's. Million dollar Question? Will the price breakout in coming days. How far price can go? and what is going to be the course of action in days to come.