Trend based time tool from 14k to 7200, retrace up to somewhere around 11300 to 11500... You heard it here first folks... This does not mean we don't dip a bit lower before we have MAJOR buying. We may still go down to 8300-8000, but word to the wise you will want to be in a long SOON. My expectation is likely major buying closer to the end of the month,...
This call is kind of a risky deal to be honest, but I will attempt to explain it. I think we do have some bouncing to do within the 9k-8700 price range, simply because it's in a continuation model and also because we seem to be getting at least some moderate buying here, and thirdly there was technically a double bottom at 8700. Also if you look closely, that move...
Hey traders, it's looking pretty weak... Not gonna lie. I would normally not make any sort of TA on a 15 min scale, but CME/CBOE volumes just started earlier this evening, so I am trying to take all the data in as much as I have to be able to look at. So at this point I'm 70/30 that we even make it to 9200-9300 (in favor of NOT making it there) based on the weak...
So we went plan B on this. We didn't fail below the daily cloud, and that was my expectation originally. Although I did tell you guys that I cannot discount a run up towards 9k first. At this point it's pretty clear that a run to a sustained 10k or above is becoming more and more unlikely, and this fits well within the Wyckoff models of a likely drop from this...
Watch this 1hr candle like a hawk. If price does close inside the cloud it was a bear trap all along and we could be seeing higher prices first before the fall. However, IF we break below the cloud on the 1hr, the fall below 8800 is first. Tricky situation...
Good Saturday to all you traders out there! Going to make this one quick. So sometimes I like to check out the Ichimoku Cloud because different indicator interpretations can give you better insight. I'm currently favoring the potential that we bounce out of the daily cloud to 8400 first, before a measured move back to 9k. I cannot fully dismiss the potential...
Ok guys, I've made a super easy and pretty interesting indicator. It's basically a smoothed OHLC (open, high, low and close) indicator that can be smoothed in its settings to reveal trends. Now I will caution you right off the bat that it's experimental, and you WILL need candle confirmation. It's more useful at higher time frames, as the shorter time frames can...
Guys I'll be honest. I did expect an upthrust, or at least a decent attempt. But it's looking like to them institutionally that the risk to reward ratio for trying to pry the prices up to dump from maybe cost them more than its worth. I see them really testing and prodding at the different resistances and supports. I am going to give it one more chance to be able...
Chart should pretty much say it all. I do expect an Upthrust event, which I don't think has happened yet, followed by a sharp drop with LARGE volume. It will typically be the the largest volume candle within the price structure, and that is how we will know that we are in the middle of Phase B and extending into Phase C before the big selloff. If you are going...
So the further and further down the rabbit hole I'm getting here folks, the more and more this is starting to look like we may actually need to keep those "little chance of happening" and "worst case" scenarios in my last idea not only viable, but frankly as a very high probability. So as traders, we look at VERY different things than institutional investors do....
We're going to hone in a little bit on the future price action in the upcoming 1-2 weeks ahead so we can look at it in a more macro detail to try to give you guys an idea of good selling and buying spots. So we're looking at the 4hr chart, and there is some hidden bullish divergence popping up. As you guys can see, we are currently below the 50 RSI median (no...
First off, I highly urge any of you reading this to start using the Gaussian Channel as a "back up indicator" to test your hypothesis'. Everyone wants "indicators that don't lag" - and what they're really trying to say is they want indicators that tells them what to do. That's not exactly how the trading game works lades and gents . There are no magical unicorn...
Ok guys, let me get right to it. After further research and consideration of price action coupled with historical MA and Tilson data, I do believe that 7300 may have actually been the local bottom... Look, I get it... I've been telling you that the correction is still not over, and I may have been wrong. I'm not ashamed of being wrong, any decent trader should be...
A lot going on in the chart, once again... Just stick to the highlights. And yes, we will possibly break down below the log curve historical support. Bottom around 5k, there are two candidate convergences for bottom.
I know this looks like a cluster... It is... It is a LOT to take in at first. Started a historical trendline "almanac" of sorts... Orange lines are mostly major pivot supports to supports, purple is major pivots from resistance to resistance, aqua is resistance pivot to support pivots and vice versa as well. I extended these lines all the way from the earliest...
Reversal pattern popped up and became obvious, and frankly it caught a ton of people off guard, during the 3k correction at least it was a lot more obvious what was happening. In this case, it just all of a sudden appeared. Was not ready for it for sure... Completely caught off guard. There is a lot happening here and there are a ton of confluence zones in play....
When price touches red line, TP from any longs you’re in, immediately short from there. Getting more and more convinced of flash crash closer to end of month, possibly beginning of November. Big picture:
Funny what you end up doing when you're bored on a Thursday evening... Although I will say, according to the log curve, the recovery is already in full motion by August of 2010... However, it shows the possibility of a flash crash this week or next. :D Ok, let's be honest, pretty much zero percent chance of that happening, ok... Let's just say 0.000001%...