bitspawn

bitspawn Updated 

Last week, the target reached, we closed short at 37.50, and placed long orders at 37.46 and 36.80, always respecting 36.60 and that the SP500 at the daily close did not lose 3300. The two long orders are in. We are still under the influence of the MA200. After falling in (3), the retracement of (4) was attracted by the MA and the wave failed once more, too...

bitspawn Updated 

Much volatility, as expected. Closed short and long open at 37.46. We would close long if the SP500 loses in graph of 1H or more the 3300. We close long if the WTI loses 36.60. We entered with a second long at 36.80. Target 43.10. Resistances: 39, 40.20, 41.80. We will also take as important resistance if the SP500 touches 3600. Same graphic as yesterday.

bitspawn

Mixing scenaries: Bearish + bullish, 37.50 -> 43.10 To get out of the POC zone, it will first go to top 40.40, will lose the bottom (39.20 to 38.60), pullback with all PoC zone again. It loses PoC zone and visit Naked at 37.50, coinciding with long-term bullish guideline. All the time it remains within the magnet influence of the MA200. MA + long-term guideline,...

bitspawn Updated 

Trying to escape the MA200, target 43.10 Intentando huir de la MA200, destino 43.10 We are under the influence of the MA200 which acts as a magnet. The bullish impulse (1) failed, and all impulses will continue to fail as long as we do not get out of the influence of the MA. On the other hand, we are in a POC (Volume Profile) area from which we will leave by...

bitspawn

Volume yesterday confirms that we were not at (2), as a correction cannot have more volume than momentum. New count. First target 43.50

bitspawn

After losing the wedge, it tried to recover it, but the bearish channel has avoided it. It could still attack the long-term (in orange) and climb to 42.60 before moving on to 34.50.

bitspawn

Ending 5 and C with wedge, we go to the last target of our swing, from 43.50 to 34.50

bitspawn

Same graph, same short swing. Possible failure in (5), but if we do not choose we do not operate. The market with us. Technically the movement is invalidated exceeding 40, but I would close shorts exceeded 38.50 and wait.

bitspawn

Put the chart on weekly to understand why I have a fibo bottom at 22.22 for the day it fell to -40. That fibo from highs to 22.22 gives us the first target at 38.70 with dilation 0.50 to 38.20. And the last target of our short swing at 35.00, with dilation to 34.50. Right now it can recover in wave 4 before going back down. The recovery may be to 39 or 40, I don't...

bitspawn Updated 

redrawing the flag, upper bound at 41.87 Next target 38.20-38.40

bitspawn

previous targets reached. Now drawing flag. Next target 38.20

bitspawn

Long description in previous graph, nothing changed, following the channel

bitspawn Updated 

Yesterday first target reached, 42.60. Now pullback to 43.10. The long-term orange guideline causes to lose the wedge (second time), the first time it was held by the MA200. Green bearish channel . MA200 now at 41.54. Now in bearish green channel, if it tries to break up above, it will find the long-term orange guideline at 43.54. If at any point it tried to...

bitspawn Updated 

Pushed lower by the long-term guideline. Before falling it can try to go up to 43.40. Targets recalculated with channel and MA200: 42.60 (touched last week, now again), 41.40 (naked, volume profile), 40 and 38.50. The long-term orange guideline causes you to lose ground from the wedge a second time, the first time it was held by the MA200. Green bearish channel....

bitspawn Updated 

Pushed lower by the long-term guideline. Before falling it can try to go up to 43.40. Targets recalculated with channel and MA200: 42.60 (touched last week, now again), 41.40 (naked), 40 and 38.50.

bitspawn

Long from 76 touched yesterday, we go on, first target reached, 42.60. Pullback and next target, 41.70

bitspawn

Losing master guideline targets: 42.60, 41.60, 40.50 and 38.50

bitspawn

Trying not to lose the master guideline