bluesky509

bluesky509

4Hr Strategy is in cash. Price holding at support. Next stairstep down would be ~57k Below that ~51.9

bluesky509

Fib 🖍️ for your consideration only. Fibs are not my strong suit. Plenty of headwinds here with the top of the fib and a 50% channel retracement likely. An upside breakout would be very bullish... But 200k just seems unlikely IMHO but anything could happen. Good Luck!

bluesky509

Tech sector bounced off lower trend channel. Looks like it could get squeezed and a breakout setup could be near... Which way though? A downside break could mean lower lows for the summer.

bluesky509

This does not imply 2020 to me but rather resistance in the form of a pullback vs consolidation before the next leg up. I'll mark this neutral since I would only use this as one tool of many to make a better decision on direction.

bluesky509

Note that my TA is so-so but anyways... Just wanted to share this simple fib extension Look for a breakout or support at a fib level could be one trading idea. I am personally, neutral here. Not shorting, but bias towards a pullback, so I'll label it short. First target would be ~5020, below that I think it could break below... ~4960 or ~4783 -Not trading advice.

bluesky509

Practicing my crayons skills... Don't judge :) Fixed range VP setup near breakout zones Things of interest - Previous dips chopped before the next leg up - Currently just outside high volume zones. Low vol = consolidation potential? - Holding, so far, previous resistance zone - Sideways moves could give time for breadth to improve - Oil appears to be going up...

bluesky509

Bare with my ta abilities... POC and 50% Fib being vs overnight money? Would like to see if retail can push above this No suggestion. DYOR.

bluesky509

Nearing the same VWAP rejection from March 22 and a 33% fib Only a caution for those leaning long (me, in the short-term). I'll be using tight risk mgmt as we get near the 'September Effect'

bluesky509

Desmond's Reversal Signal Activated with ADL Support Hey folks, Quick heads up! I've noticed a 'Desmond's Reversal' signal getting triggered on our chart. This typically hints at a potential turnaround in the price trend. What's more encouraging? ADL finally pushing back above its 21-Day Moving Average (21-DMA). This signals that buying pressure might be...