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
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...
We need to see yellow strong buying hold us to attempt another breakout of tapering up top. If we fail yellow, our next stop is magenta support which will be important for bullish price action to continue.
We will likely see this happen today - and if we do hold yellow and reject at tapered blue above, I will be taking shorts and expecting a gap down below yellow...
If you understand what I see, this will make a lot of sense to you.
We are simply... Tapering. From strong buying magenta continuation, you can see signs of purple more tapered buying continuation starting to pick up and hold price. This means that we will taper in purple until we activate a stronger buying continuation to then break out of purple. If not,...
Watch for the hourly bounce at
414.25 - this could present a long opp
up to 429.75
If we open below the ceiling, then targets are:
407.50 with runners down to 400.
If we open up below this level, look to short down to CB and leave runners to the floor
Watch out for the bounce on the HOURLY trend level - we could see a nasty bounce. Have a tight SL here.
Support by an algo leads to resistance by that algo. In this case, we were no longer supported by teal selling but rather by HTF buying continuation. You could see that in order to finally break out of the tapered teal selling, we needed for price to build liquidity until it could activate our HTF buying continuation algos.
More analysis like this to come! Stay...
At the break below 414.40, I will be looking to go short. We have a ton of empty space below.
TP = 413.60 / 412.50 / 409.60
In order to go long, I'll need to see a pullback to 415.35 and an open above the current resistance.
I will be looking out today for a rejection from our strong orange selling channel to add to our right shoulder liquidity (within the larger daily H&S) - this will then trigger all the left shoulder liquidity and allow for a move down to minimum $401 in the coming days and I see even $392 (green channel support) in the coming weeks.
Let me know what you think -...
Hello Traders, welcome to today's analysis of Microsoft.
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Explanation of my video analysis:
In 2019 Microsoft stock started creating a major bullish trendline which was tested again in 2020 and also the beginning of 2023. Furthermore Microsoft also broke out of a massive ascending triangle formation and is now just looking extremely bullish. If...
As we approach a pivotal earnings release day on January 30th, all eyes are on three tech titans: Microsoft ( NASDAQ:MSFT ), AMD ( NASDAQ:AMD ), and Google's parent company, Alphabet Inc. ( NASDAQ:GOOGL ). This analysis delves into the current market sentiments, historical performance, and key factors that could influence the upcoming earnings reports for these...
All indices close green: Rally lead by semiconductors.
This was not a broad market rally. 6 sectors close negative.
Yields moving up again: 10 Year yield confirms daily breakout.
Shipping rates continue to soar, Forward looking CPI may start to creep higher.
Hello Traders, welcome to today's analysis of Microsoft.
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Explanation of my video analysis:
All the way back in 2014 Microsoft stock perfectly broke above a major resistance area at the $35 level and entered a +1.000% bullmarket. Over the past three years Microsoft has been trading within an ascending triangle and recently broke out towards the...
MSFT NASDAQ:MSFT Passes Resistance @ 366.52
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What is the best entry when buying or selling a stock?
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What are whipsaws?
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Watching this video will show you the type of entries you will see in technical analysis
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Top 3 Things To Remember About This Video Lesson:
1-Channel Trading
2-CCI Indicator
3-Price Action
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After watching this video you will...
Eth has yet to breakout of base
Being the leading ecosystem it is somewhat surprising Eth has yet to breakout of the base formed tho it does offer a potential opportunity. If Eth can run then it has a few open bar candles on the weekly that would be ideal to close out.
The rotational opportunities if holding eth post eth breakout are great
If Eth breakouts...
