KSHB is in a bull flag trading range and larger trading range after making a measured move up based on the height of the opening range. Bears need a strong breakout below the $4 low, where the bulls will probably buy again. If the bears get a breakout below prices will likely test the $3 start of the bull spike or the tight trading range around $2.
Many traders seek consistency through the idea of mastering the markets. They consider them to be logical and therefore can be figured out. They believe with more knowledge of markets and how they operate, they will eventually make a consistent return. And so they continue searching in the markets for a reliable edge, or outside the market for a leader or guru...
The EURUSD (weekly) reversed down from a failed bull reversal this week. There are bull gaps below which are being tested. The bulls will try to form a nested wedge bull flag reversal for a large second leg up soon. If it fails, prices will likely test the low of the previous range around 1.044. The bulls need to keep atleast the breakout gap around 1.080...
Bear breakout in TSLA from failed double bottom pullback. Bulls could not even trigger the setup (last week). Bull gaps below likely to be tested around $225 and $200. TSLA was in a trending trading range bull trend, which is now evoloving into a large trading range. Until one side gets a strong breakout, prices will likely remain range bound within a larger...
CGC Bull breakout from high 2 / nested wedge bull flag at EMA. Prob second bull leg up from Dec rally, but selling pressure above around $52. Mostly sidways in a large trading range since July 18. Probably some profit taking here or new all time high.
CRON CRON reversed down from a parabolic wedge and tested below the 1/28 bull gap and the previous all time high. Bulls still have gaps open below and are currently trying to close the bar on its high for a high 2 buy setup off the EMA. But decent selling pressure over past few weeks, possible second leg down before bulls return.
ACB 4/26 Failed L2/ nested H2 /Breakout pullback test of all time high in ACB. So far this week is a small doji bar, and small range of previous few weeks. Bull gaps still below, if prices test below last weeks bull bar prices will likely test the EMA and below the 8.00 big bull bar gap.
HEXO 4/26 Bull breakout of failed bear reversal, outside bull bar H2 variant, new all time high this week. Good buying pressure, still bull gaps open below, the most recent being just above the EMA at 7.75.
LEVB 4/26 Bull breakout from nested H2 at EMA, bull gaps open below. Possible second bull leg up from Jan rally. Selling pressure above around $6. Bulls need strong follow through above. Mostly sideways on higher time frame chart (monthly).
WEED WEED is in a broad bull channel with good buying pressure and no strong reversal yet. The bears recently attempted to form a lower high, but prices are stalled at the EMA and set up a nested high 2 /wedge bull flag. The bulls have a breakout gap below around $47.50. If it remains open, prices will likely test the all time high. A new all time high could...
TLRY TLRY had a strong bull rally soon after it went public but formed a buy climax (tail). Since it has been correcting down to test the bull breakout. The selling pressure is not great and is accelerating, possibly setting up a wedge bull flag soon. If the bull gap from around $35 stays open it will increase the chances of bull trend continuation. If it is...
Edge Execution Trading is a numbers game, and markets are based on the mathematics of the traders equation. However, understanding this alone will not guarantee profits. The ability to apply and conform to the math of the current market context is what leads to consistent profits. Beginners often have a misconecption that they need to know what is going to...
Trading the "Now moment" Most of the time, prices do what they have been doing or normally do based on the current context. But what about when they dont, or instead do the opposite? For instance a strong bear breakout of a bull channel. Five minutes ago prices were rallying higher and higher, with no end in sight. Now prices are falling dramatically, what is...
Keys to building a strong Traders Mentality (Probability Mindset) There are many hindrences to developing the probability mindset, and it would be easy to write an entire book dedicated to them all. However most of these issues fall into four broader categories; fear, false beliefs, trading the "now moment", and edge execution. In the following paragraphs we...
How strong is your Trader Mentality? Signs of an "Amateur Mindset" If you identify with any of these characteristics while trading, you are suffering from an Amateur Mindset. These are normal when first learning how to trade, and even common in advanced traders who have not yet mastered their trading psychology. Very succesful traders may still occasionally...
Introduction to Trader Psychology There is evidence of technical analysis dating back to the 17th century. The candlestick charts most of use everyday to trade were created in the 18th century by a Japanese rice trader. By this point one would think technical analysis should result in more profitable traders and lead atleast a quarter of price technicians to a...