l4uren_stew4rt

l4uren_stew4rt

Pink Line - 4 Hours Trendline White Line - HOD and LOD Trendline Blue Line - 5 Minutes Trendline Green - EMA 9 / Dark Pink - VWAP

l4uren_stew4rt

SPY - Waiting for the trendline to be cracked, then will go put. at 5 minutes,no chart pattern, at 30 minutes - there's double top chart pattern.

l4uren_stew4rt

I provided the details of Spy Chart on the Picture Below. If you have any questions, please feel free to comment. Disclaimer - Learning how to trade here ;)

l4uren_stew4rt

Update, made appx 1000 profit - papertrding from 1.06 to 2.11 per contract x 10. please see my previous post.

l4uren_stew4rt

I use 5 minutes Chart, tradingview does not allow any users to publish 5 minutes chart. So, My prediction, the spy will go down - the trendline has been cracked, and reached HOD of the day, it's going down. RSI has been exceeded. MACD shows its crossing down.

l4uren_stew4rt

It did broke the chart pattern, and reached to 513.18. (Discussion today with Leo over Facetime today).

l4uren_stew4rt

SPY - 15 Minutes - Falling Wedge - Chart Pattern Broken - Took approxiately an hour to sit and wait, and witness the chart pattern broken out, and jumped in, and ride on Ema 9.

l4uren_stew4rt

There's a trendline upon pre-market, and also draw the chart pattern, and waiting for the break-out opportunity

l4uren_stew4rt

Draw the trendline from premarket to openmarket, and the trendline cracked, and the candlestick starts to exploded, and climbing really nice - riding on EMA 9's.

l4uren_stew4rt

My previous plan back-fired, the rising wedge didn't work out. So, I draw the trendline(from premarket) to open market, and, you'll see the hammer right before when the trendline cracks, and it exploded, so ride off on ema 9's.

l4uren_stew4rt

On the Chart, You'll see the rising wedge. There's EMA 9 and VWAP lines - please monitor the lines and see if its going to break out. The goal - is to see rising wedge chart breaks out at 5 and 15 minutes chart, and as well ema vwap cross ema 9.

l4uren_stew4rt

Trading View would not allow me to publish 5 minutes chart, only at least 15 minutes chart. Also, I am writing self-notes. Used Few Technical Analysis to make the decision when purchasing spy. There's one mistake I did, I bought (PUT) too early when it's in consolidated. I should have wait until consolidation BREAKS OUT, and then buy the (put contracts) because...

l4uren_stew4rt

SPY - Result - Chart Pattern Broken (Downtrend) - Unfortunately the downtrend occurs during (aftermarket hours).

l4uren_stew4rt

It's almost nearby the end of market - not sure if the line will breakout the pattern in time before market close. Let's wait and see.

l4uren_stew4rt

Monitor Closely for possible Triangle Breakout, then buy PUT

l4uren_stew4rt

Do not buy, til there is breakout opportunity with confirmation.

l4uren_stew4rt

1. Orange Trendline Cracked. 2. Buy (Call) 3. Call climbs and hits (Day Patterns of Resistance Yellow Line) 4. Sell (Call) (Pink Trendline)

l4uren_stew4rt

1. Notice there's a price gap. (which needs to be filled) 2. Add High Price of the Day and Low Price of the Day Lines. 3. Add Support/Resistance Lines.