shermanchoo

shermanchoo Updated 

Nikkei seems to be resuming its Bearish Momentum. Hope to see it push down to 35000... and then some...

shermanchoo

Minor Support 204 Bears may TP and we'll see a bounce

shermanchoo

If BTC holds above 78,222, we'll be watching for bullish price action with a solid risk-to-reward setup.

shermanchoo

One simple way to manage a U.S. portfolio is to let the ABC correction run its course, hold cash, and rotate into Asian stocks. As the tariff buzz unfolds, it's best to stay on the sidelines while market volatility shakes out panicked traders. When it comes to timing the markets, we’ll check back on May 22. Drill Baby Drill...

shermanchoo

If already in the Sell, Pray for 1. If not in the sell, Pray for a pullback, then monitor for a r:r setup that leads into 2.

shermanchoo

There's a visible double top and a strong A wave. Any Buys for a potential B wave needs extra caution as the A wave is motive in nature. (Humpty Dumpty: Takes great skill to catch falling egg, knife, fruit etc..)

shermanchoo

Baba brokeout at 89.65. Will it get to 400? Hang on and don't let go

shermanchoo

When lines break, price likes to go up... Its worth adding to buy positions as price push up and confirm the Weekly trend.

shermanchoo Updated 

A 300-pip pullback creates a good risk-to-reward setup for sell trades. Note to self: To keep the bearish trend intact, the price must stay below the Orange Line.

shermanchoo

Price frequently pulls back to or near the VWMA before bouncing upward, suggesting traders are using it as a reference for entry during dips. The weekly candles are bullish, with the price breaking above their highs. This confirms a bullish breakout on the higher timeframe.

shermanchoo

$TRUMP coin has been testing the 1-hour VWMA but continues to drift downward. For bulls to regain control, the price must break above $37.6 and overcome the current bearish momentum tied to the 1-hour VWMA.

shermanchoo

Bullish flags support the momentum of a trade and offer a suitable risk-to-reward (R:R) ratio for continuation setups... ...with chance to run.

shermanchoo Updated 

Note to self: to get a C wave, check for bullish flags.

shermanchoo

3. Pullbacks provide opportunity to check for bullish price action.

shermanchoo

Because TSLA is in a steep bullish trend, looking for similar bullish patterns helps set up appropriate r:r.

shermanchoo Updated 

With the start of a third wave, watching for breakout flags offers an appropriate risk-reward opportunity, chance to addon to earlier bullish positions..

shermanchoo

In a downtrend, if the price keeps dropping while %B forms higher lows, it could indicate that sellers are losing strength, potentially signalling a reversal or pause in the trend.

shermanchoo Updated 

Waiting for the correction to play out, checking for bullish activity after 21 Oct reduces the risk and drawdown.