Zulu_Kilo

Zulu_Kilo

I will be trying to play the swing high on this leg up. Please note that we are STILL in a short term bearish correction, but a LONG term bullish parabolic move. This is what I believe our new accumulation trading range is setting up to be to give us our first swing high of the move down to 13k-12k price region. I will caution you guys that playing the swing...

Zulu_Kilo

As I had stated in my previous idea (RIGHT before the big drop as a matter of fact), that if you were long, there were a myriad of reasons to rethink being long. Although in this extremely bullish parabolic environment, I couldn't fully rule out a UTAD in our trading range. I had noted that two different Wyckoff distribution models exist. One WITH a UTAD after...

Zulu_Kilo

Guys, I'll make this short and sweet and to the point. While my thought is that, yes, we are parabolic... We can for sure go into another UTAD phase of the UTAD trading range we are in... But that is NOT a guarantee. There are two different Wyckoff distribution schematics. One that has a UTAD, and the other that only has a UT. In our current trading range, we...

Zulu_Kilo

While we are waiting for the swing high to take place (we shouldn't be in a reversal JUST YET!), I believe we should get a candle to CLOSE inside that 15700-15800 price region I talked about in my previous idea. The last time I did a volume divergence analysis for you guys, I had actually gotten it WRONG. In a reversal period (which SOW - sign of weakness - is...

Zulu_Kilo

As I had previously stated that we were looking for a lower high than the previous higher high in my previous idea. We are almost there folks! Don't short just yet, I fully expect 15700 - 15800 price range. What we are specifically looking for is RSI have divergence between the last higher high, which means RSI should be ABOVE where the last high was, but price...

Zulu_Kilo

I want you guys to take a good look at volume and volume divergence. This will help your trades immensely. What we are seeing is right now in price is that we have printed a higher low (from previous swing). We know we are in a bullish uptrend phase still, because inside of an uptrend, selling volume will be the one that has hidden divergence. Buying volume will...

Zulu_Kilo

We have been in a long now for a while, earlier I tried to see about making a small short position happen, but I was stopped real quick due to price action continuance. Which is all fine, just stuck long this entire time and it has been CRAZY profitable, with more to come! First things first before we talk about the main chart... Let's talk about the why I...

Zulu_Kilo

Fellow traders! First off if you found ANY of this useful, GIVE MY IDEAS A LIKE! Let's dive right in. So in my previous idea today, we saw a candle with high volume and a long wick to the top. These are usually dead giveaways for either a retracement or a full on reversal. What is shows is the commitment of buyers to go higher. As we can see in the candle that...

Zulu_Kilo

Ok guys, I believe that this candle with the volume it has and the wick it made qualifies as at least a short term reversal... It is likely we see some heavier profit taking here... I will be going short if the candle closes the hourly like it currently is

Zulu_Kilo

Fellow traders, quick update to the price action here. We are STILL bullish for right now. Let's analyze the recent price/volume action: As you guys can see on the volume, sellers are non-committal to selling. Yes, there is some profit taking... But doesn't seem like it would reflect a change in TREND. This is simply a...

Zulu_Kilo

Hey traders, just a very quick update. Yesterday I called for us going higher. We did end up retracing some, which is fine. The bigger picture still has us going up. We are starting to see some slightly higher volume picking up here for the breakout. On Balance Volume (OBV) indicator has already signaled the breakout, so we do have at least one confirmation of...

Zulu_Kilo

Traders, we are analyzing AT&T today as it has entered a phase in the Wyckoff model that is usually one of the most profitable runs. The spikes in volume confirm some of our main accumulation events. The ones we have already passed are the Selling Climax, Automatic Reaction. I believe according to the volume spike, we are at the Secondary Test point before...

Zulu_Kilo

Fellow traders! Long time no see! I'll make it short and sweet, my absence was due the fact that mi-familia is starting a new business that we are building and remodeling currently, so my time is now at a premium. Let's dive STRAIGHT into things. One of the things I completely failed at was incorporating volume into my analysis, and frankly guys, this is why I...

Zulu_Kilo

Ok guys, got the chart set up for maximum profits here. We are using several different methods to find this trade, along with Wyckoff channels. Buying is getting crazy here and I fully expect a really really strong reversal close to the bottom of our ascending channel. We should be looking for a major reversal up and out of this range near 12600 or mid 12500...

Zulu_Kilo

We should be seeing a HUGE drop in the coming days, which will fulfill the SOW and ST Phase B in two different Wyckoff models. SHORT NOW

Zulu_Kilo

Fellow traders, I believe I was able to spot an accumulation AND a distribution channel setting up. If the price goes above 14 outside the white trend line, this idea is cancelled and further bullishness is ahead. We should be seeing price plummeting down to the 12k zone which will give us out ST in B for accumulation and SOW for distribution channel.

Zulu_Kilo

Hey guys, we are looking for a secondary test phase in the accumulation model we are in... This retest of the bottom of the descending channel is also still part of the SOW of the distribution ascending channel. 13.6k is likely only after the retest below. While SHARP ascending channels don't always play out their UT, in our current parabolic environment, it has...

Zulu_Kilo

Guys, a distribution channel is likely setting up here. I do believe that we should see 13500 by tonight, and possibly 14k if there is a swing high.