vietuser619

vietuser619

Here is my chart on the long term using price action on the daily chart as my cue. These trades are long dated, but the risk to reward is quite massive. From what I see, it likes to target liquidity and raid those stop losses. Currently, I am looking at a short entry with a limited stop loss to target lower recent lows. There are quite a bit of trades you can...

vietuser619 Updated 

Yesterday it reached the area that was ideal to short however it immediately tanked from that area. Haven't seen this happen before so im thinking this move down might be to bait in more people fora liquidity grab. Usually it stays within that high range and then following few days it makes a strong move as an indication it doesn't approve of that range. My...

vietuser619 Updated 

I believe we still have a bullish move up towards 450-453 again before a huge rejection below the lows that we are currently at. Either that or It has already broken the low from two days ago and I just charted it wrong. History has shown this pattern multiple times. Either way we can always adjust our position based on these key levels drawn.

vietuser619 Updated 

I think it will retest until 450 area with 453.37 as the top. if it rejects from that area i believe it will retest the bottom box again and if it breaks below 443 it will have a bigger move down.

vietuser619

I posted a chart of Nasdaq that is showing the same pattern that it did to spy where each time(3) that it occurred, it created a lower low. Spy this time has it invalidated due to crossing over the zone, but Nasdaq is primed with very low risk. This play will be entirely reliant on Nasdaq to carry SPY all the way down, or until Nasdaq hits lower lows, or can take...

vietuser619

This key zone is made after consolidating then making a push deeper. It doesnt like to stay in this area long and usually when it touches it, it attempts lower lows. the risk is very small to its reward so it's a no brainer for me. I don't usually look at the Nasdaq but this was a pattern I noticed with Spy. Currently Spy's chart doesn't reflect the same as it...

vietuser619 Updated 

Now seems like a good entry for short. I think 390 is the target they are shooting for before making a move down due to it being a key price area it either rejects from or rallies from. I am leaning more towards bearish due to it price being below the box to start and with a stop loss in mind - just above the the red box for a new low as of recent price action ~...

vietuser619 Updated 

At this area is where we have decided multiple times for the long term outlook of being bullish or extremely bearish. The last 3 times it created the "grey box" after seeing a supply rejection area (orange box), it made a huge move down to test the lows. Now it is back to that major supply area and if it repeats history like the past 2 grey box retests, you can...

vietuser619 Updated 

So the market has made this move a couple times before and when it did, it rallied. An entry within or near the top of the blue box where the current price is situated would be ideal while risking just below the blue box. Exit would be ideally at 390 + or - some.

vietuser619

I think any signs of weakness now may potentially show a reversal. on 10/18 we saw a huge move down. that is already a sign that any price above that isn't really desired. now we see a huge rally up on friday. what i want to see now is it goes further above the high point of 10/18 and then reverse down strongly below the highs of 10/18 and then retrace back to...

vietuser619 Updated 

Looking as if it wants to test the lows one more time as it did every time it created that orange supply area and didnt retrace back above the grey gap area