We've seen this cycle across more or less in all kinds of assets. the MAG7 is no exception. As today, we've broken down from Phase 4, despise you like it or not, once these structures break down, PA(price action) will always find its way back to its true fair value. Already called it, but this time, we get a closer look towards the TA in NVDA. Sequentials are...
TL Overshort, rejected, recent price action(PA) has been bearish, the market seems to be overvalued. The AI rush will subside due to the lack of data storage, and questions about how to sustain energy consumption, among other concerns about the sustainability of the tech rush, remain. I think the tech industry will be the leading factor in the bearish cycle as...
Yes, see and behold, HUGE drop incoming in oil SPR releases and all yadayada, but check out the technicals! Super overextended BB and all that. 72 next support by summer.
Sequentials at 9 Monthly. Looking for lower bands of SMA's. >Perhaps 21SMA monthly.
In the past decade 4 out of 5 times, Tom DeMarks Sequentials has nailed the trend change in time. Short any long-spike, look for IHS formation at a longer-term. Good luck everyone!
Daily Sequentials at 9 followed by a slowing down on sellingpressure, for 1 week algos and DP has been accumlating, days forward is not something that you should short (yet) Been late on publishing this idea but been consistently talking about it past few days. s3.amazonaws.com s3.amazonaws.com PS—preliminary support, where substantial buying begins to...
Going further south as bearmarket is still far from over. Be careful going long during markets like these. Wish you all best of luck and trade.
I was posting an idea days ago about Wyckoff accumulation, but since the spring was dropping way harder than I expected, I started to consider another mid-term scenario. Looking at how aggressive the drops have been lately, the chances are big that we'll make a drop of 75%~ over a mid-long-term just like the waterfalls from 2008 and 2008, a lot of noise will be...
Chart says it all, descending triangle breakdown confirmed, first target lower channel TP lower 2490-ish.
stockcharts.com Text and pattern copied from the link, all I did was to apply it to the chart. Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax ( BC ). These...
stockcharts.com Once again, fractals always re-occur. The green line is a Wyckoff structure from 2014 Nov. (and not 2015 April as I stated in the chart) Downscaled and resized, still, a fractal is a fractal. Hope you enjoyed this visually. Good luck trading, and as always, be safe.
Hi folks, this is my first time posting an idea/"short" analysis publicly, hope you'll enjoy it This is the chart from SP500, I mirrored 2007 financial crisis structure, unedited, raw and pure, pasted it below our chart, checked the fractals/similarity, and it's deadly alike. With the somewhat positive sentiment from OPEC and 90 Days truce between president...