About meI look for symmetry and consistency in longer-term time-frames. I like themes that help identify the bigger picture. My execution is based on classical charting principles (for trend following) and key harmonic levels (for mean reversion). All assets.
I'm looking for key levels to trade around. Risk reward is not attractive inside these levels unless you're trading short term. If stops are too tight they'll likely get ran for no reason and you'll get chopped into ribbons as the market wants you to. If they're too wide you can't really have too much size on. The only interesting risk reward I see here is a short...
Amazon is still in a very wide consolidation range... but it looks good here for a bounce.
618 retracement + 200 day moving average + significant structure.
Just look at NVDA - it worked well there! I'm long AMZN
Uranium futures are now tightening at the 21 MONTHLY moving average, above the 50 month moving average, and retesting the lows of 2014 and the highs of 2019. This is the type of signal I've been waiting for to pull the trigger.
Here's an example of a small cap uranium miner I like:
John Quakes is a great guy to follow...
The above is a symmetrical triangle in XRP. Should see a strong launch once it breaks out
XRP vs ETH - we have a bottom and now seeing relative strength
here's my first and last analysis on XRP. It's been a while..
Dow's been consolidating in a rectangle pattern for a few weeks. I like DIA call options going out to June/July or Dow Jones futures. I'm expecting a breakout soon based on this week's price action.
A break below would trigger a short, but I view that as a low probability
Selling pressure could continue if we don't see the S&P hold the blue diagonal neckline + 3900.
A close below 3900 on the 1hr time frame is probably a good signal to get short or at least get hedged if you're taking a portfolio approach.
Based on the research done by Bulkowski in Encyclopedia of Chart Patterns, the highest probability patterns are high tight flags in established uptrends.
Performance rank of 1/23 in bull markets (based on his assessment of chart patterns). His study was based on 1991 - 2005 data.
From the book -
"The average rise in a bull market is 69% and patterns in both...
In the last 6 - 7 years the $16 handle represented significance in both supply and demand.
Inverse head and shoulders patterns are common major bottoms. The neckline represents historical supply where price has difficulty getting above, because buyers aren't yet motivated enough to hold through those price levels. A catalyst is needed. An example of one that...