Well... I got you guys that have been following me to the promised land. I said UT would be around 18.1 to 18.3, we are NOW within that range. As I have also stated earlier that a slightly higher top from here is NOT out of the question, BUT we are starting to see divergences on some indicators. RSI is near highs on the 1hr TF. To me, this is a safe area to...
If you have been following my ideas, you're already in profit at this time, with some more profit headed your way. As I had indicated previously, we have completed our Secondary Test (ST) in Wyckoff accumulation, now we are asking ourselves where to take profit. I've made this a bit easier for you guys and color coded the likely areas to think about taking...
As observed in my previous idea, we did get the successful secondary test retrace and we are headed towards UT. Since buying has been so weak throughout this range, I am taking profit around 18.2... However, 18.6 price range is NOT out of the question. I am just being conservative. Even if I start to short around 18.2, with a 10x margin short, 18.6 can come and...
Asian session was decidedly WEAK. I fully expected at least a stronger automatic response (AR) to happen. But it looks like the Asian session rejected a lot of the buying overnight. As I had talked about in previous idea, this is the point where we buy into strength to expect upthrust (UT)... REALLY WATCH PRICE HERE... If sufficient buying cannot be achieved and...
I expect Asian session to get us to our Automatic Response near 17.7 - 17.8... Followed by a secondary test down to somewhere within the trading range. It can be pretty hard to estimate the secondary tests, as they can be elusive to spot, but you should expect it to be within the orange accumulation zone trading range, followed by a bevy of buying activity to our...
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...
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...
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...
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...
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...
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...
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...
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...
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
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 retracement. So, how do we differentiate...
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...
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...
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...