Trend_Chasin

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Next week I will be watching GC, initially looking for a move higher back up the 2 Hr Supply Zone. I will be looking for a 5 wave impulse back to the 2 Hr supply and monthly high volume node where institutions will be able to fill and/or exit their positions. The one advantage we have being retail is we can see their footprints in the volume profile. They cannot...

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I have an alert set for when 6B comes into that 4 Hr Supply. A few more basing candles than I would like before the drop but it was a strong enough move to add to the watchlist. It also comes into a weekly LVN right above that Supply Level. One thing I will say is because that high was so weak, almost 7, 4 hour candles with almost the same high, I believe there is...

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6A is coming into a weekly LVN at .70500 but if it breaks through this level ad pushes to the next weekly LVN, I like that trade better because it has 4 Hr Supply confluence. Keep it on the Watchlist. As always this is not Financial Advice, I am just sharing the trades I plan on taking for a few reasons, one to log my trades, 2) some accountability and...

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I will be watching YM when it comes into the multi-week LVN. It also happens to fall right around the mid line of the regression trend as well. The LVN has not been tested and when it comes into this area I do expect a reaction. I will be trying to grab a bigger chunk of the move but these levels can be used for scalping as well. For confluence there is also a 4...

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Natural gas has been struggling to break out of this consolidation lately and has come into the VWAP off the 52 week high and rejected each time. I have captured a few successful trade off of that anchor the last few weeks. The anchored VWAP is one of my favorite indicators to build trade ideas off of. I look for Low Volume Nodes and Supply and Demand areas to...

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Crude Oil is coming up fast on a major inflection level after breaking through the 52 Week High Yesterday. This level also happens to be the .618 Fib level drawn off of the ATH on July 11th of 2008. When we reach this level, I will be waiting to see how price reacts. If it rejects off of this level, there is a good chance it retraces to .618 off the low in April...

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The sellers started pushing aggressively, once the aggressive buyers exhausted themselves after taking out Tuesdays High. I think we see a continuance to the downside on Monday and possibly more of next week. The 4Hr chart looks might ugly as well. It seems aggressive buyers are stalling out in this range. If I were a betting man, which I am, I say next weeks...

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Fundamentals don't really back it but this is 2021. The year the rules don't matter.

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I just wanted to share this with ya'll. As I was looking at this chart I noticed the huge rounding bottom dating back to 2003. I ran the Trend Based Fib Extension up the initial trend and back down the retracement, and I just thought it was neat and interesting how well price has respected those 1st Fib levels for the last 20 years almost. They had an awesome year...

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If we can get a little volume inflow I think we could breakout of this pennant. That Point of Control for the VPVR is falling nicely on that .236 fib retracement level and its had a nice consolidation period. The RSI is still signalling uptrend. No confirmation from the MACD because the volume is so low but the Slow Stochastic is flashing a buy. I like this...

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MDC has been forming a cup pattern dating back to 2005. Its UUUUGE! MASSIVE! THE BIGGEST THE WORLD HAS EVER SEEN! No but seriously, YoY and QoQ they have increased earnings and profits in a steady upward trend. From 2017 to 2020, they increased earnings from 2.5 to 3.8 Billion, while at the same almost doubling the profit margin. 2020 which has been a hard year...

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I am bullish on Nio, in the short term and overall in general. Today we had a nice hammer on close. Price action came down, tested, and wicked nicely off the .382 fib extension level. That has been a key support/resistance level since November. Nio also released their delivery numbers over the weekend. A new record was set for deliverys for the month of January,...

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Ford has taken a beating the last few years, from EV's moving into the market and recessions, coronavirus, and recalls, Ford seemed destined to crash and burn. Ford has been moving into the EV market for alot longer than most people realize. In fact in 2019 Ford had the largest public charging network for their EV line with over 12,000 places to charge, with over...

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I'm hopeful that a short term uptick in ETH will be inbound here shortly, Its above the 10, 20, and 50, MA, riding the mid-line of the schiff pitchfork, and the 10, is over the 20, which is over the 50, I turned off the MA's so the chart was a little clearer (and I apologize I forgot to make it single a single chart panel) RSI and MACD are not over-extended, but...

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Friday of last week Apple was showing some pretty heavy bearish sentiment, having closed well below the 20MA as well as falling through the 2nd to last support line of the schiff pitchfork. The longer top wick, with the almost non-existent lower wick shows at some point during the day, the bulls pushed the price up momentarily, where the price rejected off of the...

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Post IPO CRSR had a nice strong trend, and a good run up, then the price action got a little exhausted, RSI got a little overcooked, then it corrected. Since that time, for the last month and half, it has bounced between the 0 and .236 Fib levels. On Friday we reached out and touched the 61 EMA before some buyers stepped in and pushed the price back up for a bit,...

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I have been keeping an eye on GRT for the last month, and it looks to me like it has broken out of the rounded bottom that has formed, and could step its way up to ALT. You can see the volume is increasing, and within the rounded bottom, an inverted head and shoulders formed before it finally broke through resistance at around .37 and again around .4 The MACD...

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I believe a correction on TSLA is imminent before a continuation higher. Since the low of the Covid Crash, Tesla is up a whopping 1400%!! I will be the 1st to admit I'm apart of the Tesla cult following, but at some point you have to ask yourself, how long can this move be sustained? Before you jump on here saying, "Tsla isnt just a car company, yada yada yada,"...