PrecisionCharts

PrecisionCharts

After a wild week when we bounced cleanly off the 200DMA, backtest of the trendline andf it just went up with 0DTE flows going crazy. I'm thinking we trend up and then go for a liquidity grab lower. How low no one knows but I have my areas for y'all to reference if needed.

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I see high confluence between a lot of my charts, taking this trade with 1% risk and trying to go for a 1=4 RR. Let's see how it goes,

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This is a great opportunity to capitalize on a bunch of factors colluding with each other in the inner workings of the market. FED has to keep on fighting inflation thanks to China tactical re-opening and big boys will all be looking to ease off their loads above 2022's opening day anchored VWAP for a heavy dose of f.u. for bulls. Any break above 4177 is a fake...

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looks good to me

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Big Bull trap IMHO new high is coming soon but not this week. PC ratio was under 0.38 most of the day

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This looks interesting, and it has all the characteristics of a Wyckoff top, the spring has been set and insider/hedge funds have been selling into this. Regulations & Taxation in the crypto world will affect the stock market too. I would say we're headed for a big correction. A 20% drop would be the end of it.

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A longer / bigger time frame indicates a huge shorting opportunity, I've missed a couple of shorts but bought all the way up and knew there was upside still ahead, gamma squeeze anyone? What do you think?

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I'm entering this trade because I believe there's a good chance we'll take out weak hands before going up further, then people FOMO buy just to get bull trapped for into the big correction that the market desperately needs. I'm bearish for now, even though I'll take the long trade as a intra/swing.

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EurUsd is a great shorting opportunity, this might catch off guard bulls, looking for a h&s on lower timeframes, tl break, and retest for entry. Ride along for the rest of the week and see what the market has to offer

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Simply overbought market, it's stop hurting anyone it can before the big correction. I'm going to stay short for this next week. The sentiment is bearish, but they've experienced enough pain to capitulate. DXY and VIX ready for a spike

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I'm shorting the S&P, it's overbought and in the right place for a tight stop loss and fat take profit. Let's see what Mr. Market does...

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I see a wedge that sort of looks like a flag. An M for a bullish continuation, breath is good, everything says long, but the correction will be bigger in my opinion, 33200 at the very least... What do you think? B

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Bulls aren't capitulating, thus more downside and pain. If I had to guess 33200 will act as support temporarily. I'm looking for a quick 150-200 point drop and retracements for reentry if necessary

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I'm currently just waiting for more confirmation, correction still imminent but the path is unclear. You can be right about the direction and wrong about the trade. Patience

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Volume has been low lately and recently lots of sellers entered the market but it usually shakes out weak hands on an upwards stop hunt for a nice drop, I'm expecting a 4-% correction but it could easily evolve to something worst with a little bit more of chaos unraveling, record insider selling. IDK, you tell me

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We've been seeing a huge rise in the Dow Jones, now it needs a breather so I'm trying to enter a short after a possible stop hunt to the upside, right around 34k. The market is driving through a bunch of potholes with fears of QE ending. Powell mentioned the FED will taper QE before they hike rates, hedge funds with exposure to quadrillions in the derivatives...

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What do you think, I'm taking this trade

PrecisionCharts

We're probably heading around 4% down. At the very least a correction, it might even continue.