In this video I cover the following Finding a HWB on the daily, which reached its profit target Invalidated HWB long the led to looking for the short HWB Leading indicator BANK making low highs and lower lowers Tick chart making the high of the day at trade execution My first HWB profit target lining up perfectly with a tight range (price magnet) ...
Here I show some of my thoughts on taking a HWB trade for the week. I break down some of my process and my thoughts behind the trade. Fingers crossed it plays out :D
Nice setup with 15 minute confirming. Channel support of channel in 15 minute being respected. one minute half way back.
Correction to what I said, we DID NOT fill the gap yet so a little more incentive for the market to get to 4813.50.
Perfect trades to their profit targets. HWB short in the 15min lined up with the first HWB in the 5 Second HWB hit a 3:1 but, might not hit the profit target. Along with what I mentioned we are also in the bottom of a longer-term range.
This is secondary update from what I am seeing in price action. Will not go long update 61.8 level is broken on the short side in the 15 minutes.
On the 15-minute, I identified a range and a HWB (Half Way Back) that had the potential to hit both the bottom of the range and the profit target. There is also a wedge that has formed. The daily is also at the bottom of a channel and triggered HWB 8 days ago. The only issue on the daily is that there is a lot of choppiness since reaching that HWB. Entered a H2...
The bears have finally pulled price below the main POC at 4350 (this is still in play). We saw a large move followed by a doji and another large move on the daily, will today be a doji? As I write this we are approaching a bearish reversal level on the daily Informant Pivots. These levels were bounced off of all of yesterday's trading session so I suggest you pay...
This is a tight inside value day on the Informant Pivots, just 19.98 in difference from the high/low-value pivots. The last explosive move came form a 36.85 point difference and that was yesterday (9/28) for a 86 point move. I expect a large move leaning to the upside tomorrow. I believe yesterday (9//28) was indicative of bullish reversal based on volume and the...
Just a quick update: I have pretty much called everything that was gonna happen in the last two weeks. The shoulder is finally formed (I called it in one of my recent updates). Funny how the neckline formed at a key POC which today we added another day at that POC level. I am currently calling the dotted thick red line on the chart the bear/bull Mason-Dixon line....
Key Points • Next week Informant outlook: Slightly bearish • Pivot trend analysis next week: Bearish • Pivot Width for next week: Wide, could be a large-ranging week • Daily VPA POC analysis: Possible big move Monday • Big Money 6month outlook: Bearish • ADL Weekly analysis: Very close to a bearish crossover on trendlines and MA. • Sectors to look at: healthcare...
High-value day on the informant pivots. I am now slightly more bullish on the daily. Along with intraday. Strong resistance on 4475. We have a pivot and technical resistance sitting there. I think breaking this would really give some conviction behind a bullish sentiment. Also monthly resistance at 4667ish. Give these three resistances are so close I think it is...
Possible PEMA confluence on the daily. Expect either price to crossover or a test with bearish confirmation. Weekly pivot trend analysis says we should be taking shorts more often this week. Today's daily pivots tell me we are slightly bearish but I will look for price to trade in a tighter range throughout this session which may lead to a breakout session on...
HD at the bottom of its range showing bullish divergence on the MFI. If you know me I am a firm believer in divergence at within a range. The best combo is bottom range + bullish divergence.
Did AMD just enter a bigger range? No real confirmation to tell. Let's watch and see where she goes.
Orange lines indicate support and resistance as defined by accumulation and distribution zones. A break of the bottom orange line will indicate bear flagging.
We have seen WFC move from the support level indicated by orange. Small bodied doji on big volume after volume consistently climbing could mean a potential big move is coming. Let's keep our eyes on WFC. Might be a nice deep in the money call candidate.
Longer the range the bigger the break out. Don't miss NFLX on this one. Price is at the bottom of the range a long debit or deep in the money call could pay off huge if we break this range to the upside. Stop loss is simple, break below bottom support with conviction.