“Patterns repeat, because human nature hasn’t changed for thousand of years” - Livermore
It is an unpopular opinion to scream for a crash. I will not do that. But this pattern comparison is incredible. What happened on this exact day in 1929?
If there comes a significant bounce I will buy some far otm puts fully willing to lose it all.
XENE is consolidating in a triangle pattern since Feb. Has been a big volume spike recently. It is a biotech play so risky by nature but as long as we can keep on moving above the EMA's I am wanting to take a long when volume steps in or when a break occurs to the upside.
Hi guys,
Just playing around a bit because of the holiday. Noticed that ES was forming a common pattern used in Wyckoff theory.
So far, we are rangebound, grabbed liquidity on both sides during news event but there is still a pool of liquidity above us. We formed a higher low (which differs a bit from the scheme but ok) and peeked slightly above the news wick....
We are not out of the woods yet if you ask me. I (luckily) bought the dip again last Monday and what I do in these times is as follows:
Sell / trim the pop, buy the drop. So yesterday the Nasdaq ran like 4,5% on a single day. Chances are favoring consolidation/pullback the day after. What are the odds of 2 consecutive 4+ % days? I don't know, but I better take...
We finished a clean three wave zigzag which stopped around 123.6% fib extension. There has been lots of call flows into this name for a while and with the news about the China stocks on the board this seems like a risky play. Based on Elliot Wave theory I am long $BABA and keep adding to my position as long as we stay above the 0.786% retracement zone in the...
Hi all,
Today I entered a trade in AirFrance - KLM which has been struck quite significantly by the pandemic. My guess is that they will recover in the coming months but there could be some nasty surprises on the way to it. To summarize: I expect some movement in this ticker the next few months. Directional trading is not easy since you basically need to be on...
Very decent pattern showing up. Almost clearing the 5 wave sequence of bigger cycle 1. Next is a three wave correction up to around 542ish before we have our money wave down which offers a great opportunity for early retirement.
Disclosure: I am short on AEX with put options.
From the bottom in March an impulsive wave sequence can be counted with a truncated 5th wave at the end. I think we deal with a truncated wave since the last (5th) wave exists of 5 waves which means that we are in the final stages of this trend. Only alternative would be an extension of wave 5 if you ask me. Let's see how this unfolds lads. First target 9.600....
