SweetspotTrading

SweetspotTrading

I know I've been very bullish on NG but I've changed my centiment recently. I closed my position at Fridays top. This is clearly looking zig zag corrective since It's slow, choppy and there's alot of swings/breakouts that keeps failing. It's possible this could gap up over the weekend but from a technical perspective I think this have more downside potential. I...

SweetspotTrading

4 hr MACD signals good so I think it's buying the dip. Bullish target is around 2k but let's see..

SweetspotTrading

ABC done. We can't expect much, still in bearish area.

SweetspotTrading

We all know what happened today. The MM's just sold out all the leverage products before the opening while the shorts where absolutely bottomed out with unprofitable spread. Now they'll probably buy it all back since the longs left the place. Early bears could be In some real trouble here. Took a smal short position at the top but I decided to exit pretty soon. I...

SweetspotTrading

We are at the bottom of the trendchannel.

SweetspotTrading

Good long position entry here.

SweetspotTrading

I'm gonna size in big next week. Oil market could have completed a longterm tripple combo correction cycle since the latest bubble rally. There have been a choppy zig zag period for a couple of years so there's good possibility a new trend will arise out of this crash. What could trigger a rise is if OPEC+ and US decide to increase oil prices targeting China as a...

SweetspotTrading

I've done some checks on the crude after todays rally, looking really bullish imo . Manage to time the bottom perfectly but exited too soon unfortunatley. Looking to renter again on Monday. Had a nice bounce on longterm fibsupport setting up good potential starting second Elliot wave . Target will be 44.5 - 45.9 - 47.3 USD.

SweetspotTrading

Here's a thing I've noticed worth keeping an eye on.

SweetspotTrading

I don't have guts to buy Tesla at the levels, neither am I comfortable shorting the stock at all-time high and with this crazy momentum. I'm just watching it closely waiting for the right timing to short. Will be in 1-3 weeks I guess...

SweetspotTrading

Added long here. ABCDE Correction possibly at the bottom of a new trendchannel. Either way, this will gap up over the weekend.

SweetspotTrading

Quick update. Testing upper resistance trendlines.

SweetspotTrading Updated 

The 12th of July will be a crash or explosion date. Since the price has already crashed it's more likely to explode if it breaks the upper longterm trendline. I think the stock market will crash/make it's peak parallel to an NG explosion event so plan to do some shorting aswell this week.

SweetspotTrading Updated 

Shorting Tesla at the next top in week ahead with tight exits closing support. Going long (Big time) again once 200 SMA starts closing. This will be a really nice trade if played right.

SweetspotTrading

Upward trend but reversals are to expect. Sell at resistance & buy at support is a good risk-reward.

SweetspotTrading

Five wave correction completed down to fibsupport. Second impulse should trigger once 1hr MACD starts closing.

SweetspotTrading

History tends to repeat itself with this commodity. Natural gas market is very predictive and all set to skyrocket beyond peoples expectations Q3 2020 forward with a potential reverse heading into Q2 2022.