steveoliveira

steveoliveira

I learned that one way to remove bias is to flip the chart. I did and It still looks bearish to me...

steveoliveira

Complex normally is followed by a contrarian movement.

steveoliveira

TREND FOLLOWING: LONG SETUP: 1. PRICE ABOVE 200D MA; 2. 18 MA CROSS FROM BELOW 40D MA; 3. PRICE CROSSES FROM ABOVE THE 18D MA; 4. ENTER LONG WHEN PRICE CLOSE ABOVE 18D MA. 5. EXIT WITH CLOSE BELOW 40D MA. REVERSE PROCESS FOR SHORTS. WHAT DO YOU THINK?

steveoliveira

It is clear that JPM chart shows some Harmonic Vibration with the 10% movement. We are testing a major support area, which is in confluence with the 10%, so you can expect at least 10% to multiples of this % to appear next. My best guess will be 55. Let's wait and see. Thanks, S.

steveoliveira

Stock is oversold in the daily, and accumulating in the 30 min.

steveoliveira

We have two rotation zones or box of prices as you wish to call it. What i think it is important, is that we have two distinct moves that end very similar at the top of each rotation box. So we could have some downside with a very strong support at 1549, which is my Point of Control for the last 6 months (market profile chart), and then if Mr. Market wants, we...

steveoliveira

A good trading setup have to show us a confluence of signals, so in this example we have: 61.8% Retracement; Good Hidden Divergence; Oversold; And an inside bar pattern. The Inside Bar Pattern is traded by entering in the breakout direction. It is best to name it harami, as we are looking to a candle chart. In this example i would say, that the entry point would...

steveoliveira

I still think the odds favor the upside break, however we must not ignore the price action and right now we are testing resistance in confluence with a bearish Gartley. I'll be looking for confirmation and watching it closely. Tks, S.

steveoliveira

We are near the completion of an ABCD pattern. Following the harmonic rules, a C point retracement leaves up with a 200%BC projection. I think we could see some downside, which is confirmed by a hidden price divergence (not on the chart). Please take notice, that there were very strong sell offs and we are still in the bears zone. Tks, S.

steveoliveira

PRICE ACTION IN THE POTENTIAL REVERSAL ZONE (PRZ) SHOWS A BEARISH CANDLE AFTER THE 0.886 RETRACEMENT WAS TOUCHED.. THIS PATTERN IS DIFFERENT FROM THE GARTLEY, WHERE THERE IS A LESS STRICK APPROACH REGARDING THE PRICE ACTION IN THE PRZ. THANKS, S.

steveoliveira

We are trading at resistance (1.3450/1.3415) and if we clear it, we could go to 1.37. This would be the next stop. However looking at a 12 month Market Profile Chart, we see that right now we are trading at Value Area High and this is important because if we fail to breach it, then the next stop will be the point of control at 1.3050. We can see also that...

steveoliveira

I see a lot of selling at resistance, and after the recent moves and failing to reach a new and higher box of prices, i see a downside test, probably to the mid point of the big trust bar.

steveoliveira

Momentum is fading, divergences present in all time frames... I think we could see 50% retracement.

steveoliveira

This one seems to be rolling over... The weekly is also very extended and rolling...

steveoliveira

The structure of this market seems to be changing, i think will see some downside from here.

steveoliveira

We have here a retest of the resistance zone while showing a very bearish combination of candles. I expect to see some downside in the next days, probably testing the 16600 zone which was a previous rotation area. It could develop in an ABC format. We didn't see the retest of the mid point at 17600, but the tape continue to show selling strength.

steveoliveira

We can see in the chart where the complex and the simple move are located. We should resume this trend to the downside.

steveoliveira

It seems that it's time to show some pain to the breakout buyers... We could test 45... 3,4,5 pattern.