UCO is making lows in hourly chart, is very likely to close lower, same for OIL futures, I think DRIP might close higher this week. Am going to enter buying portions. I think DRIP will try to test the quarter open, I will have to keep an eye on where OIL futures might try to retrace and extend again.
October open was bought very quickly, futures will open soon, the thing is to anticipate or react quickly to what futures traders are gonna do, if they take profits is likely to test 53400 level, in case there's more shorts may fall to the blue box close to the open, I will look for signals in 5-15 min chart.
Not investment advice just an opinion.
DXY has test 2020 open, EURUSD also has tested 2020 jan open, So am planning to buy below month open in the blue box and then see if we can make a retracement of 2021 3rd quarter extension.
I'll buy micro eurusd, am using different methods, mapping the quarter and month to get precise entries.
I wonder if this might test september open and then go higher. 3rd quarter closed a hammer and I think this quarter should be closing higher.
* Just an idea I have
2 flat quarters, all those short sellers stops are above the quarters highs, this day is looking bullish, if the impulse continues we might test september open and then quarter open causing short covering.
Is likely to test 2.77, 1 oct was the first impulse from quarter open. crypto is looking bullish sentiment is likely to be positive. Placing stop below the open 2.09 and I bought market. risking 0.5%
* Not a recommendation
I'll enter tomorrow at the open, LI is looking bullish in monthly/quarterly open likely to test september open (30.9). I think is likely to do that after these two bullish days. Enter with a buy stop at the test of the daily high and day open in the first market hour.
My expectations are to cross 28.8 (year open) in this week, and also see a cross over 30.9...
Is this the quarter of SDC?. Looks like a bullish day in the begining of the quarter, I dont know if we're gonna be able to test july open, I'll risk a little and give it a try.
Placing stop below quarter open and waiting to test quarterly high (22 Aug high). The idea is use the quarter open as a way to measure the progress of the price.
Just an idea I have, I think placing trades thinking in quarters is better because are less entries and less entries means less mistakes, takes more time but every time u place a trade there's execution risk.
Break from quarterly level, changed my way to see this stock, from quarterly levels u can clearly see the more important points, I hope holds after breaking the quarterly level. I went small size, looks like is so bearish that can get more bears at the next quarter level.
* Just and idea I have