Updated

Monitoring the bearish sentiment

i'm currently monitoring both the 1hr & 30 min chart. Both charts have the AD/Money Flow showing a double top... also on the 1000R I have the .618 fib near 147.20, previous support could act as future resistances. Im waiting for Fridays action to determine if 147.20 is a short or not. I'm going to share a few charts that i've created. This is not trading or financial advice. Just sharing my Technical Analysis and how I few charts

Note

sih-st-charts.stocktwits-cdn.com/production/original_544447352.png

Note

sih-st-charts.stocktwits-cdn.com/production/original_544422069.png

Note

Note

monthly view, noticed we havent cleared b leg, then yesterday all the pumps come out... targets getting raised analysts saying this, saying that..

Note

now focusing on the weekly chart

Note

looking at cypher from Sept 2022 to Sept 2023

Note

I can't say falls that far, I wouldnt bet on it, but something to log in back of your mind

Note

but its there on the daily chart..

Note

that bat pattern has also formed on lower time frames..

Note

and now the picture is clear to me...

Note

also the AD is showing a retrace to 135-137.50 area

Note

if short before yesterday look out for traps protect your profits . this can trap a lot of shorts if they not monitoring , and depends on your expiration date for options

Note

added $140 Sept 22nd puts

Note

30min bear flag view

Note

forgot to show the 15min view of the bear flag... will circle back during last 30min of power hour

Note

I stuck to my guns

Trade closed manually

closed and cashed the puts out

Note

I see a bullish set up for next week ending September 29th.. I'll post the chart Monday before New York Open

Note

I was going to do a video analysis on decided against it... looking at this chart

you want to see a close above the 1.618 fib level around 135.5, thats the confirm breakout and retest to higher price action

Note

notice the handle forming at the .618 fib level, and it not breaking down to the .5 fib level near 124.21.. you'll notice near wave 2 where price action gap down, that previous resistances has been flipped to support

Note

Daily Chart: The AD is also showing a bullish cup and handle pattern. Need the 200 ma to cross up through the .236 fib level

Note

lower time frame has a bullish ab=cd set up

this also lines up w/ the C leg of the bearish ab=cd pattern you see on the daily chart

Note

had to go to the higher time frame to show the 15min AB=CD pattern thats sitting on the 1hr chart. Notice how C leg of the previous pattern, is currently acting as resistances. Price action needs to either gap up, or close above this gap level. This looks like a bullish gap filled w/ the stoch rsi being oversold as it is

Note

bullish double bottom on by the AD, 1hr time frame.. w/ a bullish reverse triangle..

Note

see it ?

Note

loaded calls at the open.. good luck folks

Note

AD/Money Flow on 1min chart is showing a bullish inverse head and shoulders pattern

Note

131.70 coming soon, ascending triangle forming on lower time... pushing for possible close of $133+

need the bullish continuation to continue to the higher time frames

Note

moneyflow_trader

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

moneyflow_trader