Reason for long a) Positive Volume pull back b) Rainbow indicator still in yellow colour indicating pullback is intact. c) QQE, Rainbow and POC i ndicating low d) SL compulsory
we are at the low end of top anchored vwap. if we get over this pivot and support meaningfully we could see a test of sss moving average or signal around upper horizontal and gap close. if we remain beneath and resist with sss signal and qqe staying red id look for that lower horizontal.
xbt is trending in bull reversal, and we have an hourly pullback from the current day high that is showing price will revisit one of these levels. the most bullish case is we stay long sss and qqe 15 minute and bounce off signal or moving average and that is marked out in dark green. the slightly less bullish case is if we go for a touch of rising trama. if we...
like the title says weve just touched trama on the hourly and its still sinking. if sss and qqe remain long i would long if we stay over this pivot or support lower horizontal, and i want to short a bear breech of this pivot or a rejection from upper horizontal.
if we get support over this pivot and the 0.5 retracement level id imagine we would have a bull pull up to a sell the rip level. if we get resistance to this pivot i see that well have a continued selloff to lower horizontals. if we have resistance to upper horizontals i think were at a sell the rip level. if we support along lower horizontals i see that were at a...
i onlywant to long bull breech of this pivot, short the upper horizontal, long the lower horizontal, or short a bear touch of this pivot. if sss and qqe go long, im long. if qqe and sss go short, im short. if trama gets touched,and heads down with price that adds to a bear case. if trama acts as support and rises that adds to the bull case. this applies to the...
we can look at signals all day and say theyre bullish, but the reality is that they are only bullish until they're not. this means thatwhen facts change you have to change the trade to meet the trend. i would trade a break of this pivot as bullish, and staying below it as bearish. we could follow the green or red path. sell if qqe or sss go red.
btcusd is in the throes of a love affair with a low dollar. since dxy has made its move, and inflation has peaked withthe news of a more hawkish monetary policy, a lower dollar means higher bitcoin. its convenient that the higher we go in major indices bitcoin seems to follow suit with even more bullish action. if this is atill a bear market for indices i would...
nothing, or little to nothing can bedrawn from just the break of 4000 alone. 4000 is a psychological level thathasnt been visited for any great length of time since the first time we saw that level. if we get back above this sss supply zone were headed for the pivot, and if we fade out of that zone were headed for lower horizontals.
btcusd has been making its way to the low end of this SSS supply zone. if we stay beneaththis pivot id imaginewere headed for a breakof the lower levels or the bottom of this range, and if we head upwards were likely headed for a test of sss signal or the top of this range. qqe is long so im buying until this zone dries up, and imselling a rally on this timeframe....
facebook is one of those companies that is pretty well here to stay. i could see this over $600 one day. once we get over TRAMA and sss, qqe go green i would have no problem averaging into this for a passive investment in tech. facebook will always think of new ways to squeeze more money out of their user data.
qqe and sss are short amc. smart money is selling this. a series of higher lows and lower highs appears to be breaking to a lower low. overall this name has entered a slow bleed. its probably not worth $33. id liketo see this back under mid $8s.
qqe recently went long tesla, and i think theres something to it if rsi chooses to reverse and cause some squeeze. if we get the volume trade switch back to the bulls on the hourly, this horizontal might hit. theres short long and pivot targets as well as the path i think tsla might take.
it seems like we retest that volatility from daily lows but if we breakout above lower veap band we might hit that vwap, and if we bearflag we continue lower weekly. 19 and 21 are targets dashed line is pivot
spx is in a correction wave of a terminal thrust distributively, and if we sink we distribute further. the .382, tram, and sss ma are levels of resistance and .618 and lower anchored vwap band are levels of support, .5 and nearby levels are pivot, but we may trend much lower in major indices. there are still bullish scenarios marked out and fib retrace levels are...
some meaningful bounce is taking place in big tech at least intraday, andsemiconductors as a lead bear are taking part. SOXL is trapped under yeasterdaysgap up, and todays gap up. ive marked outlong short pivot and drawn a bull and vear scenario. there is no bias, but i am long semiconductors when price is so low, at least intraday.
price action daily nasdaq is ranging around the lows with the bounce not escaping vertical gravity, and the candlestick pattern forming either a bear flag or a bullish reversal. if we cross above pivot im looking at upper horizontals as resistance, and if we cross below it im looking at lower horizontals as support.
if we enter this sss suply zone and bounce we may have one of the green scenarios play out. if we fall beneath it and start confirming a lower high on some resistance beneath it we could be headed for one ofthe red scenarios. below pivot im looking at lower horizontals and above it im looking for higher lines.