Potential outside week and bullish potential for RRLEntry conditions:
(i) higher share price for ASX:RRL above the level of the potential outside week noted on 11th October (i.e.: above the level of $2.20).
Stop loss for the trade would be:
(i) below the swing low of 9th October (i.e.: below $2.00), should the trade activate.
Outsideweek
Potential outside week and bullish potential for MKREntry conditions:
(i) higher share price for ASX:MKR above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.029), should the trade activate.
Potential outside week and bullish potential for RMSEntry conditions:
(i) higher share price for ASX:RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 27th August (i.e.: below $2.02), should the trade activate.
Potential outside week and bullish potential for RSHEntry conditions:
(i) higher share price for ASX:RSH above the level of the potential outside week noted on 4th October (i.e.: above the level of $0.043).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $0.033), should the trade activate.
Potential outside week and bullish potential for DXSEntry conditions:
(i) higher share price for ASX:DXS above the level of the potential outside week noted on 4th October (i.e.: above the level of $7.84).
Stop loss for the trade would be:
(i) below the swing low of 1st October (i.e.: below $7.50), should the trade activate.
Potential outside week and bullish potential for ASLEntry conditions:
(i) higher share price for ASX:ASL above the level of the potential outside week noted on 27th September (i.e.: above the level of $1.265).
Stop loss for the trade would be:
(i) below the swing low of 23rd September (i.e.: below $1.10), should the trade activate.
Potential outside week and bearish potential for TWEEntry conditions:
(i) lower share price for ASX:TWE below the level of the potential outside week noted on 20th September.
Stop loss for the trade would be:
(i) above the swing high of 19th September (i.e.: above $11.56), once the trade has activated.
Potential outside week and bullish potential for MYREntry conditions:
(i) higher share price for ASX:MYR above the level of the potential outside week noted on 6th September (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $0.855, as depicted by the blue dotted line and accompanying text on the chart).
Stop loss for the trade would be:
(i) below the swing low of 4th September (i.e.: below $0.795), should the trade activate.
Potential outside week and potential bearish breakout for MTSAs noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), MTS represents a potential bearish opportunity should momentum continue and lower lows be made to confirm the outside week. Stop loss for the trade would be above the high of the confirmed outside week, should it confirm (i.e.: above the high of $3.82 from 15th November).
Potential outside week and potential bullish breakout for GMDAs noted in the latest video update for week ended 17-Nov (apologies for the delayed publishing of these details - another hectic week), GMD represents a potential bullish opportunity should momentum continue and higher highs be made to confirm the outside week. Stop loss for the trade would be below the low of the confirmed outside week, should it confirm (i.e.: below the low of $1.405 from 14th November).
#TheStrat SPY Looking for an Outside Week #sss50percentruleThis post follows #TheStrat trading strategy. Google it for more info.
SPY is approaching the 50% level of last week’s candle and could be looking to form an outside week. The yellow lines are short targets.
SPY stopped out buyers, then stopped out the sellers, stopped out buyers again, and stopped out sellers again, forming this dark blue broadening formation.
Yesterday, buyers tried to push it out of the dark blue broadening formation and fill higher gaps, but it failed, which looks like a fake-out in the morning and a lot of selling afterwards throughout the rest of today.
SPY is currently looking like it could fill the gap to the downside and push this week under the low of last week, stopping out last week’s buyers and making this week an outside week.
This is especially more likely because we are in full-timeframe continuity to the downside, meaning all timeframes are currently a red candle, which indicates selling on all timeframes.
This theory is based off of the #sss50percentrule (made by SaraStratSniper), for example, when a candle goes 2-up, if it starts selling and passes the 50% level of the previous candle, it has a higher chance of becoming an outside week to the downside.
Educational purposes only, thank you for reading :)
FTSE Outlook is increasingly bullish - Video analysisFTSE 100
TVC:UKX
FX:UK100
OANDA:UK100GBP
Weekly - Expanding wedge, bullish outside week posted.
Daily - Invalidated the head and shoulders setup that threatened to send the market lower.
4H - Bullish flag pattern completed with a measured move target at 7708. Potential inverse head and shoulders forming also.
Outlook is bullish - We will be looking to buy dips with an ultimate target of 7708.
Worth noting potential overhead resistance at the 78.6% Fibonacci level at 7433 and the previous highs at 7529.
Good luck!
Dow Futures YMH5 Mar 10 Set-upYMH5 futures traced an inside day on Mar 09. YMH5 is being controlled by an outside week bar last week. . Expecting continued weakness with support coming at the uptrend support line at around 17500 in the intermediate term.
Overnight markets were weak and at present YM is off about 115 points from yesterdays close to 17855.
Sh0rt below yesterday's low at 17816. Cover at 17786.
0831am: The short is not closed with a gain of 30 points per contract.
For instructional purposes only.