In trade @$15.75 A break above $18.50 and she could really fly. Targeting $25.50 Let's git it dude!
MATIC opened inside the previous day's VA. B4 closed below POC so the play here is to jump in at VAL and set your stop. A couple of other notes: 1. B4 closed really really close to POC so the entry could go either way. Another part of decision tree would be B4 entry if clearly above POC (more momentum). 2. This setup is based off of a weak move in price, hence...
Took a small position early when my alert went off. See what happens right here.
Took a position today. Let's see what happens.
Can you handle the cup? Looks like we've already retested and held and are ready for lift off. Guess we'll see.
B4 looking to close above VAH. Take position at B4, stop at VAH. Hit and run at 5% but watch break of upper trendline. Two consecutive days opening above VAH ---> A little momentum building.
As mentioned in a previous post, this is part of the decision tree for MATIC in which I will expand on later. On vacation now and only have laptop. Need 2 screens for this work, LOL. Working towards more decision trees for multiple instruments for day trades and swing trades. Opening is above VAH (value area high) AND 4th bar on 15 min chart closes above VAH,...
Analysis of MATIC price action with respect to volume profile and 80% since 5/5/21 Controls: - 15 minute chart - Value area set from previous day's volume profile - Study is exclusive to days where opening price was below the Value Area Low - 80% Rule: if price moves into the value area and closes 2 consecutive periods (30 min) then price should move up to Value...
Not sure how to read this one. A H&S tucked inside a reverse H&S. LOLOLOLOLOL!
Updated thoughts from June 9th. Looking for some news. A breakout or breakdown is always a tweet away.
One possible scenario of how the bulls escape the slaughterhouse. At this point the only hope is some life changing good news or possibly a falling wedge formation over the next several days. Let's see how the bulls defend themselves this time.
I think the alts are showing us the way for ETH/BTC to get out of this funk. Considering all the bearish signals, how does this happen? A bullish pattern has to form unless there's some major, MAJOR news. For MATIC, and others a descending wedge is about the only hope. This has yet to form on BTC but has started to form for ETH. ETH could see 1200 before this...
Looking for MATIC to pull back into its value area with strong resistance turning to support around $1.80.
Bigger bear than what was chasing John Candy in The Great Outdoors Downtrend (14 April) inside downtrend (10 May) Head and Shoulder Point of Control Get the gun!!