farmtrader15

farmtrader15

Tesla is dropping harder and harder, but relief is around the corner. Tesla has some massive support incoming and could be treated as multi-month accumulation zones for a long term play. Along with the zones of support, the stock itself is getting into some massively oversold areas. (this doesn't mean much right now but over the course of the next few months its...

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Today the president of China, Xi, has been re-elected for his third term as president of the nation. As a result of this news, the China markets took a massive hit today, but with blood in the streets we should be buying.

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ETH running into bearish trend in addition to a bear flag pattern. A break of the flag could lead to $1080 and/or $1020-$1000

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The Dow Jones has broken up from the two orange resistance lines but has now run right into the macro golden pocket and may hit the high from Aug. I believe these two macro points will yield at least some downside. If we break below the orange lines again I think it is very likely that we plummet over the coming months (feb. or march) below 28,000. By June or July...

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Today I bought some put options on Exxon (before rate hike announcement). Some may say its to late to get in on this play but I believe Exxon will drop to $106 minimum. There are multiple lower targets such as $101.5, .5 fib, GP and bottom of the P channel (mid-long term). LMK what you think!

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Today I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level) Some reasons: - Bearish divergence on medium time frame oscillators - Resistance levels noted on the chart as trend lines It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my...

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My previous crude oil long worked out well on the recent pump, and is retracing as expected. I believe we will see a continued fall into the red parallel line. This will be only the second time the crude price has hit this anchor line of this parallel channel. The odds of a bounce reaction are high. There are levels slightly lower that also have me interested such...

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Crude oil is honing in on a massive level of support that IMO, should not be taken lightly. With multiple high level trend lines all crossing in an important zone of confluence, I believe this could be tradable if we get a confirmed technical swing failure above the Sept. lows. We are also closing in on the 200 SMA. Also important to add that we are down $18...

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The chart shows my macro plan on the Nasdaq. I believe with fed rate hikes today we will start again another decent lower in the markets. The Nasdaq has great potential to see a nice relief bounce off of the Golden Pocket noted on the chart. This small rally will most likely be stopped in its tracks at the descending trendline (if it even gets that far). After a...

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Gold has been rejected at the GP and resistance zone, along with that Gold has breakdown from the ascending parallel channel. I believe this is a solid recipe for a tasty short. Targets: 1,755, 1,710, and 1,680

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With gold topping out into key levels (golden pocket, macro trendline, medium term resistance zone) and losing important momentum (MACD and RSI) I think its time to lean into a short. I entered this morning on the recent spike up into the red line. Along with these factors we are seeing the DXY (dollar) running into a zone of support.

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Corn has been in a range since aug. and I am willing to trade the range once more. The green arrows are good entry points, it is important that we reclaim the volume profile in order to capture upside momentum. The upside target is the green box, depending on how many contracts you may be trading its a good idea to scale out as we advance into the box. The red...

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Big moves in all markets today and CPI announcement tomorrow. I think we should be looking for trades. The chart shows points on interests for me. Good luck.

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With OPEC+ announcing massive production cuts it is safe to assume we will likely see higher. Not only because of the news but the TA also looks bullish. As the price of oil retraces back to the crossing trendlines I expect a bullish divergence to form on the oscillators. Along with the bullish divergences, the crossing point of the trendlines will also lead into...

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ETH has set itself up for a nice retracement before heading any higher. Multiple factors in play here, all of which are noted on the chart. Good luck!

farmtrader15

I am just going to leave this here.... I would love to hear everyone's opinion on this.

farmtrader15

Gold has rallied hard into the parallel channel I have been tracking for months and it is also running right into key levels of resistance from high timeframe support zones. I have started to accumulate a short position today may add higher next week if we go higher. I believe 1700 could be in the books.

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Economic Reasons: - Natural Gas Nord Stream Sabotage - Hurricane heading to US Reasons for a trend reversal: - Price is heading for a macro uptrend - Key zone of support and liquidity - 0.786 retracement from Aug. highs and Sept. lows ($6.33) - Almost over sold on RSI and MACD on the daily chart. (it is over sold on lower timeframes) - Bullish divergence on the...