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Hello friends. Before jumping on this weekend I'm feeling urged to post this idea. Monday is likely to see a gap up and a normal continuation of business. I'm generally bearish but there is a proper sequence and the pros know. Have a nice weekend now. Disclaimer: in my opinion and please be careful with money.
Hello friends. This is my perception of the current price action and I wish this beautiful company a lot of luck. A healthy pull back will only help to get rid of the weak hands to continue to new highs. Thank you for looking up.
Hello friends. I can't label this current action as very bearish but imo this can change very quickly if the middle support line in the channel fails. The previous dips were quite deep and the volume profile shows lots of disagreement on the direction. I hate making short calls and wish this company all the best. Thank you for taking a look.
Hi guys. A throwback (not to confuse with throw up) is a common pattern when we have a breakout in the area of high pivotal density. In my opinion we have the conditions (volume profile + strong pivot alignment level). To be more clear I just anticipate a retest. Thank you for taking a look.
Hi guys. I'm taking a risky c/trend trade from here based on the circumstances. The position is very small as the risk is high, but so is the potential reward imho. The b/out level got retested every time previously. Have a nice day.
Hello friends. This is an update on the current chart pattern I'm observing and for general reference only. Thank you for taking a look and big thanks to Thomas Bulkowski for the tremendous amount of work he tirelessly does for us.
Hello friends. We have another major index confirming the bullish bias. I'm not excluding a slightly down day on Tuesday, but there seems to be a good bullish pattern forming up here. Thank you for taking a look and please be careful with money :)
Hello friends. Here's a weekend look. The weekly chart has no sign of weakness. The Data Beast show on the global schedule will not affect the market imho. The black budget plantation needs the cows and the cows are rather productive lately. Those who fear should not be imho. The fear is inside not outside. Have a nice weekend.
Hello friends. What is the most significant event of today? Well, IWM broke out and CLOSED above strong resistance on the daily. This opens up an avenue for upside, IWM being a driver more often than not and imho only. Buying the breakout retest would be my strategy for Friday. Have a great evening.
Hello friends. The bulls have been failing to meet my expectations today and as the time is running out I looked up a bearish scenario "to plan for the worst" and the worst is already here if we are to trust the media imho. In any case I'm neutral until a breakout in either direction. Have a great day.