ChristopherJuliano

ChristopherJuliano

ADJUSTED THE STOP AND GOT BACK IN SHORT.

ChristopherJuliano

WE HAD A FALSE BREAKOUT TO THE UPSIDE AND NOW PRICE HAS BROKEN OUT OF CONSOLIDATION TO THE DOWNSIDE. ENTRY AND STOP LOSS ARE CHOSEN ON THE DAILY CHART AND THE TARGET HAS BEEN CHOSEN ON THE WEEKLY CHART FOR THIS OPPORTUNITY.

ChristopherJuliano Updated 

The Question right now is; "At what level of major support will this pullback end?"

ChristopherJuliano

HERE IS AN OPPORTUNITY TO SHORT CRUDE OIL. IF YOU HAVE A SMALLER ACCOUNT YOU MIGHT HAVE TO ADJUST YOUR TRIGGER CHART FROM DAILY TO 240 MIN. AND THEN USE YOUR RISK MANAGEMENT PROCEDURES TO MANAGER THE TRADE. YOU CAN ALSO IDENTIFY A LEVEL OF RESISTANCE AND THEN ENTER THE TRADE SHORT ON THE BOUNCE.

ChristopherJuliano

WE HAVE A POSITIVE MACD ON THE WEEKLY CHART, BUT STILL JUST UNDER THE 50 SMA WITH PRICE, WE COULD CONSOLIDATE FOR AWHILE HERE BUT THE OPPORTUNITY IS TO BUY AT SUPPORT OR THE BREAKOUT IS THERE. SUPPORT IS AT THE WEEKLY TRENDLINE, DAILY 50 SMA, AND THE TOP OF THE PREVIOUS CONSOLIDATION BOX.

ChristopherJuliano

Anyone watching this? Thoughts?

ChristopherJuliano

NOTICE HOW I PLACED TARGET 1 ON THE BOTTOM OF THE "BODY" OF THE "WEEKLY CANDLE" AND NOT THE WICK. THE BODY IS WHERE "VALUE" IS FOUND. I ALWAYS LIKE TO PLACE TARGETS ON THE VALUABLE PART OF PRICE WHICH IS LOCATED IN THE BODY OF THE CANDLE... NO MATTER WHAT TIME FRAME YOU LIKE TO USE.

ChristopherJuliano

Weekly chart showing a break of the trendline to the down side, MACD is down and a Daily consolidation box forming. Looking like a good set up short. Take the breakout of the Daily box for entry placing the stop at the top of the candle that gets you into the trade and your T1 will be the previous swing low on the weekly chart.

ChristopherJuliano

IT VERY WELL COULD! LOOK AT THE WEEKLY CHART AND GO BACK TO 2009.

ChristopherJuliano

CONTINUE TO SHORT UNTIL YOU SEE A WEEKLY TRENDLINE BREAK TO THE UP SIDE.

ChristopherJuliano

WOW CHECK OUT THE 50% AND 70.70% FIB RETRACEMENT.

ChristopherJuliano

ALTERNATE PIVOT FORMED BACK IN 2009 CREATED ONE HELL OF A DEMAND ZONE. TAKE A LOOK AT THE TREND LINES! IF PRICE BREAKS THROUGH THIS DEMAND ZONE THEN WE CAN LOOK FOR THESE TARGETS.

ChristopherJuliano

As of right now we have a breakdown from the DAILY box which is within the WEEKLY box. This is why target must be the bottom of the weekly box. If we break past the WEEKLY box "as well" then this would indicate a strong down move. Start drawing your downward trendlines and look for a break of the trendline resistance to start your long position.

ChristopherJuliano

AN ACCEPTABLE RISK TO REWARD RATIO AFTER A FALSE BREAKOUT.

ChristopherJuliano

HERE WE HAVE THE DAILY AND WEEKLY CHART FOR GE. WE ARE "BELOW" THE WEEKLY 50 SMA AND HAVE DECREASING MOMENTUM ON THE WEEKLY MACD. WE HAVE A FALSE BREAKOUT TO THE UPSIDE ON THE DAILY CONSOLIDATION BOX AND NOW BREAKING DOWN FROM THE BOX. SOMETIMES A FALSE BREAKOUT TO THE UPSIDE WILL CREATE A STRONG MOVE IN THE OPPOSITE DIRECTION. I DID SEE THE REVERSE HEAD AND...

ChristopherJuliano

A CLEAR LOOK AT TESLA WITH NO INDICATORS. WEEKLY CHART SHOWS A CLEAR TRIANGLE. THE "BAD NEWS" OR "BAD PRESS" THAT JUST CAME OUT TODAY SHOULD PUSH THE STOCK LOWER IN THE ALREADY ESTABLISHED DOWNTREND STRICTLY ACTING AS A CATALYST. WE NEED TO SEE HOW PRICE WILL REACT TO THAT MAJOR LEVEL OF SUPPORT.

ChristopherJuliano

HERE ARE 3 ENTRY POINTS AND ONE TARGET TO LOOK AT. STOP LOSS WILL BE PLACED 1 TICK ABOVE THE CANDLE THAT GETS YOU INTO THE TRADE

ChristopherJuliano

HOLDING THE TRENDLINE AND THE WEEKLY 15 EMA ON THE DAILY CHART.