Oh my, I feel like a super Bear. Every Chart I see is creating a short setup. The S&P500 opened and close outside of the green L-MLH a second time. Chances that it will run up to test/retest it again are given by nature. But nobody can tell. So, I opened a small short position and I will track it closely.
Since gold broke out of the L-MLH, I was waiting for this opportunity. This is a nice test of the L-MLH. Be aware that it could drop and come up again for a re-Test of the L-MLH. So stops have to be places accordingly. As for the red Centerline, we also have to be aware that the CL was already reached back on Aug. 17th. So any accelerator could pump up GC back...
Below the Lower-Medianline-Parallel, the Water is fine! ,..you think? Maybe, but there's a Shark waiting for you. He's Name is "FOMO"! If you waited for a retest of the L-MLH, then you wasted your time. Here is how you trade a open/close below the L-MLH: - short immediately with a money Stop/Loss or - wait for a re-test of the L-MLH, and short from there on...
So, here we are, below the red Center-Line. What now? If the Bears are successful, then we go south. Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first. On the other hand, P3 could be in and we get a bounce up for a re-test to P4. This is a tricky situation. Even more because the Nasdaq looks ready for a...
What a drag yesterday. The red Fork gives us very good context. We see how price reacted two times at the Center-Line. Then came the "Flush" throu the CL with no pull-back. No Mercy! This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce. It's also a level where NQ had support (see left side). So far, divergence with the...
I posted a lot about Crude Oil on my Website and also on YT. The first short was nice success. Now we get the chance to do it again "Sam" §8-) This current test of the L-MLH of the white Fork was brutal. The squeeze is similar to the one of the 23rd of September. Just a little smaller, but more vicious. As for a Stop, I think it needs top be at least above...
Wow, what a nice day today. I shorted the NQ all day intraday. Now on the bigger picture, it's decision time BabyNQ ;-) Either the Bulls can pick it up, or it will flush below the red Center-Line. I could imagine that the NQ will bunce from here, as it's the right time in the day and the Confluence with the CL. Let's see...
The bounce back to the Warning-Line seems to create another short. Unfortunately there is no structure to hide behind. Maybe this is a play for a Options Strategy, rather than a raw short?
TSLA fell out of the L-MLH and fell down very hard, but did not reached the WL. That's a HAGOPIAN and hence we see price climbing up to retest the L-MLH. If we reach the L-MLH we could see the GAP filled. From up there I'l stalk a short since it's likely that it will continue to the downside. Trade with caution, markets are nuts §8-)
This is just for fun and observation, and has absolutely no statistical background, nor any proven "anything" §8-) So, what do we have here? 1. The pattern. The expanding pivot pattern is very known in the trading world of the Forkers. Personally I don't use it very often in my trading to carve any decision making facts out of it. Others I know relay heavily on...
Sometimes live can be simple. This trade is simple to me. Let's examine it: 1. Over all Indexes are not favoring the long side. 2. Price reached the Center line and get pushed back. 3. The Divergence in the RSI is significant. ...and the rest is Risk & Money management. My stop goes a couple points above the last high. But I probably play it with Options and...
The last chart i COIN I showed you (see linked) was a nice play. Will this one cooperate too? Let's analyze the chart: The white Fork's CL was reached. It came down hard and fell beyond the L-MLH. We see the orange Fork, a pullback Fork. Price struggled to jump above it's CL a view days ago, and now opened and closed below it, AND below the white Forks...
I see a drop below $400 in NASDAQ:NVDA And there's a nice potential for the target at the L-MLH. My inner Damon want's to short more, More, MORE! §8-) If you want to know from where, jump to my Blog before session open and find out!
Oh my..I think something big is on the way. Let's first look at what we see on the chart: It's a long-term chart, where each candlestick represents 3 months. Why did I take 3 months? Because I wanted to see the big picture. Look at the red frame. This is a daily chart, and with all the candles going up and down like a rollercoaster, it's messy and will keep you...
In my previous post, I said that we have a short at hand in the SP500/ES. 1. ES Trigger Candle Bearish That was before P0 2. ES has reached the TOP for now That was at P3 In both postings price was not able to reach at least the Warning line (dashed white). Now we have the 0 to 5 count confirming what happens when price trades below a Medianline, in this case...
NQ is a crawler §8-) The Fork catches very nice the most probable path of price. Be it at the Center-line or the Warning-line. And as a cherry on top, we have a nice short opportunity. Don't forget to check out my website and YT channel too. Happy weekend all.
In previous posts I already showed how DX is moving towards the CL. It failed two time, then they cleaned out the Stop/Losses and now DX is on it's way to the Center-line. Now that we have good confirmation, it would be a no brainer to load the boat even more on a pullback at the CIB line. (yellow).
So, here we have the USD Index at the Centerline at a balanced level. What if the US$ starts go north? I would say, markets, which are btw. also totally overbought, are tanking. This scenario is on point with the CPI today. Obvious or a fluke? As always, anything can happen, even a new spike in the Indexes.