Diamond
VIXY Diamond Performance ChannelInteresting action in the VIXY as volatility spikes were reduced with V-Shaped recoveries in SPX/NAS.
QQQ - the tangled webs we weaveThis is an experimental model for educational purposes only, The purpose is to demonstrate the repeating nature of slopes derived from the dart boundaries, once we find an angle we like it is likely we will find it again. This helps with scenario planning - creating multiple possibilities to prevent getting burned by bias. I added scenario bars through Sept 10th in this example. Another interesting discovery was how the 4th darts lined up to create a channel (white dashes). Using the .5 Channel above as the second apex was the cause.
TSLA Diamond Performance Channel with 5/1 price scaleSupport off the Reverse GP and Lower Diamond Boundary. My strategy is to look for breaks of resistance, a back test and go, play both bull and bear. If the back test does not hold I am out and will look again. With TSLA a risky play is buying bull of strong support looking for a bounce play. If this fails sizing is key to accept 30% losses on options.
TSLA - perfect DiamondHappy Weekend All - here is a great example of classic diamond pattern. The larger SPX and NAS diamonds of the summer have left many smaller diamonds in their wakes. During formation, diamond price action can be erratic, with parabolic run-ups followed by parabolic drops. Diamonds are for Theta Burn. I expect many more Diamonds to be formed as we move forward - I will celebrate the return of a rising wedge full of the H&S (or iH&S)..for now we have the Diamond and I am working to make sure I don't get caught on the wrong side of the volatility. My next post will be a new fib channel- featuring this new TSLA Diamond - as we prepare for the split. How have you been trading TSLA? What is your plan for Monday? Have you found success using these Diamond Charts? Do you see Fibs in nature and if so where?
AAPL - found the Yellow Channel - GP support of lower .5 channelHappy Weekend All, preparing for the split - my expectation is that the charts will hold up with the new lower prices. What will happen to the price action is very interesting. Psychologically, lower prices may in fact draw new money into the game. Must be on alert for sell the news event. On Friday, options expiration, there were a bunch of late afternoon fake-outs. The chart provided supports to minimize losses - get to the sell button when it goes the other way :) The echoes of the Diamond created from AAPL's earnings bull run continues to provide the support and res slopes for the next chapter.
MSFT - in the 4th Dartwatching for a break of current resistance - a back test and challenge ATH on buy the rumor potential. This plan will be negated if there is a sharp sell off in the market due to weekly options expiry.
AAPL - at pink channel boundarya move up over this and we may see the bulls on the last day before the split.
MSFT - pennant view - two penny wicks off the GP supportThat is the level for plays to downside and stops for upside moves.
AAPL Pink Channel .5 RESThis channel was cloned from a pink diamond dart. Watching for a break back test and go.
SPX500 Yellow Diamond Monthly ViewI am looking for the bulls to make a push to the upper channel. A loss of the reverse GP on the zoomed in view would require an adjustment.
SPX - Jan 2018 Resistance - zoomed out viewIf we melt up to the yellow channel boundary I will watching for a reaction, being cautious for a break of the level to hunt stops before a fade.
BNB Short SWING TRADING STRATEGY
BNB / BTC doesn't seems good, diamond pattern occurs, if the price break the support then the short is start
If you zoom out the 1D timeframe of BNB / BTC, you will see the channel downtrend, the support of channel downtrend is our target
the target is mapped using green line.
See my other swing trading analysis :
www.tradingview.com
TSLA Blue Diamond Channel SupportGood Evening, looking forward to Fed Chair Mr. Powell provide us with some clues on inflation. Multiple outcomes based on fed signals to the market - including, sell the news or, a surprise policy and extend the bull run, price action, namely volume and VIX will be the keys. TSLA bulls showed up with a couple days left before the split. At that point new charts will need to be made and option premiums will change.
TSLA - penny wick RES of reverse GPstrong move, looking for more if the market continues it's ascent. Tomorrow and the fed meeting at Jackson Hole will give the markets new direction.
AAPL back test bear of supportmarket strength holding this up above 500. Penny wick of the .5 of the yellow channel is the new upper res.
QQQ 4th diamond in playtesting the top of the diamond channel - melting-up. Fed notes on Thursday top watch.
