Potential Setup: ONDO finds itself under a 3 day market profile composite (formed by 28-30 Aug). If price can find acceptance above $0.64 CVAL (composite value area low) either by breaking it convincingly OR by spending enough time above it, we may end up with a full composite traversal to the upside CVAH at $0.67. Overall Bias: The high time frame bias is...
This week was full of twists and surprises in the stock market. We managed to execute three trades, all of which ended in profit, but there were some key lessons to carry forward into next week. Let's dive into the rollercoaster that was Week 35. 1. The Bulls Lost the Fight for a Breakout Our initial Plan A was geared toward a bullish breakout above the blue...
5DMA (red) declining so I only look for (swing) shorts. Anchored VWAPS (blue).
What a rollercoaster of a stock since before the crash of of 2020 ... my charting of Six Flags is inspired by just now listening to a video about the company (not produced by me), and by my recollections of Magic Mountain from as early as the 1970s. Hopefully you will challenge my forecast and/or my measurements with your tough questions, since this venue is meant...
Which Way Will the SPX Triangle Break? Consider All the Arguments Ever since the October 2022 lows, the S&P 500 SP:SPX has been consolidating especially when considered on larger time frames like daily and weekly. This consolidation has formed what is known as a triangle pattern (or symmetrical triangle). A triangle is a consolidation pattern that represents...