its not unthinkable this stock exploded and then collapsed. that being said i dont think this particular pop will last long, and thats why im scalping a lower high bullish to countertrend daily averages that should sell off after.
probably the influx of money into biotech this morning has a rippling effect all day on this etf as it retraces above its gap to sell off levels again.
if we can remain above the lower market structure area and break above this 15 minute high, we should continue the trend toward the upper value area high.
this steady slide from the new high has signaled clear signs of daily consolidation for large tech stocks like google. if this wyckoff distribution completes we will end up in a trend not unlike what ive outlined. the volume weight average signals have trended lower all week so far. i would imagine this continues, with some regressive upward bear contractions...
im almost certain this is wrong. this has a history of predicting large gaps up, but it also has a history of being completely wrong more than 30% of the time. i only say this because the strategy makes a lot of money, and even a small gain would be 4.89% to the upside. historically huge blowoff tops in this stock have seen multiple days before they...
the network has provided a ver liquid structure to the downside. now that is contracting, i believe we will revisit the sell heavy area as a contraction of the bear move according to this market structure POC VAL.
im bullish on this late in the day as long as we can remain inside the reversal trend. while above this area average ill be targeting the mean range highs.
the daily market may top out again, but for now as long as we are above VAH consolidation levels the reversal trend may remain intact. the ability of this market to recover fully is still very much in question, but for now the daily levels in major equities are reading a technical squeeze. the daily trend could still retrace to VAH, and very well may sell off...
according to history, yes. according to current price action, no. it would not be a good short, but its also not a good long without a break of character to the upside. looking at all volume weights and the price the downtrend remains very much intact. tommorow the top of the range may be hit, although resistance would be stiff, and a breakout to the upside would...
the leg up in this particular name has been as stable as the last, and longs this morning should aim to profit from a retracement to profit taking levels, upper band of average trailing 1.5 as the strategy suggests. outlined are the levels where this is possible due to volume and price weight.
the range has expanded wildly, and it looks like there is money to be made in a squeeze in semiconductors. ai stocks and tech stocks are high risk and prone to wild swings. i think the downswing has ended mostly considering these levels outlined in the value gap and smart money areas on the chart. im attempting to swing this long as the levels converge.
i like this for its gains so far, and market structure is saying we could make another move towards the premarket high
this pop from premarket has continued after the bell, and the next level im targeting is the POC near $1.87 according to market structure and value gap.
compared to USI:TICK , SPX/NDX is maximally diverged as stocks consolidate most heavily. the difference between indices historically closes quickly, and daily consolidation may have begun to rally the market somewhat. the indices compared to all stocks up/down is beginning a daily bounce due to the amount of money that has gone back into risk assets as they...
given the market structure and smart money levels outlined by this market area indication the rebound could go further to the upside if we hold the trend reversal continuing lower timeframe trends. this frame shows how ai trend nav is set up to defend this divergence in time cycles with FTZ/fib channel.
this morning selloff is ending in a squeeze. im not sure where it will head after that, but the bounce looks healthy enough to try for mean 15 m range according to convolution.
it looks like this is taking off for a continuation of gap up until former monthly consolidation level is reached. i like this long until it breaks trend.
futures have reclaimed some ground at the end of the trading week. i feel good about leaning buy towards the start of next week, as long as were holding a decent level according to this market structure/value area and volume range. this ai strategy shows that the price is supportive of extending its gains if we hold this momentum to the upside.