upslidedown

upslidedown Updated 

SPY close analysis today. Oscillator favors the bulls at open, so unless someone majorly gaps it down (unlikely in my book) we probably confirm the osc cross and work up to retest the diagonal support zone above us tomorrow. Exactly the black guesstimate broadening wedge path outlined. No changes in my outlook. Range bound until we get the data excuse to move...

upslidedown Updated 

Eyeing up a potential short entry on ENSUSDT. Breaking below flag. Monthly pivot point providing nice resistance level to invalidate trade idea. Ideally entry would be flag/wedge retest in the 13.5-13.75 zone. TP target around 10.5 for nice 1:1.5 risk to reward. It's a big move, so use leverage cautiously!

upslidedown Updated 

V (Visa) is making corrective moves along with overall market. Assuming we "bounce" and don't go into a full blown recession this is a concrete trading idea for when to go long. While V could arguably correct from here at the 618, I believe we are in for further downside. Targeting the 786 retrace of the latest swing makes sense. Why take it this? Excellent...

upslidedown Updated 

*If* SPX were to move into a correction (and I think that is a big if), one possible pattern and signal would be the double top into head and shoulders pattern. This would start by breaking 4444 (hypothesis of a wedge and a breakdown of my grind zone) Then ultimately a decline to the 4200 long term channel bottom (super strong support) which also happens to...

upslidedown

ATOMUSDT has a small break of structure on the 4h. I expect one final liquidity grab in the monthly r2 region ~$16.00 before it descends. Very reasonable TP1 and TP2 targets shown based off fib projections and supporting volume profile. Could go a lot lower. Idea invalidated with close (new high) above monthly R3 pivot. *Setup Notes* Entry zone: 15.5-16.16 Stop...

upslidedown

WHEAT had a beautiful breakout candle yesterday, breaking the prior consolidation zone. I'm most interested in this idea because once I ran fib retracements there is so much alignment: 618 is perfect prior support, 0.5 is a teeeeny tiny gap, 382 is a consolidation zone, and we've defeated 236. Follow through and it is off to $10 at minimum. TP/SL targets...

upslidedown Updated 

DXY has had quite the run and doesn't appear to be losing any steam. It just recently hit my July target level of 108 again... and this time I expect it to act as support as we gravitate towards Monthly R1, R2, and R3 levels. If I were to make a prediction as of today, it's that by Halloween (October 31) we will be knocking at 115. While I don't know the actual...

upslidedown Updated 

CRVUSDT is back at it in a couple day uptrend. When will it end? Here's my take. I see a very slight market structure break on the 15m that leads me to believe we may tap liquidity highs once more before we descend. The 768 retrace and monthly pivot point (short zone 1) could certainly hold as the final level of resistance before a reversal. If not, we are...

upslidedown Updated 

ALICEUSDT simple supply and demand is clear, the 0.5 fib from major high to low looks like the final reversal point. Down targets are fib 2.03 target TP1 and (hopefully) fib 1.96 TP2. I saw this setup over the weekend, tried a short, but thought it was breaking out and bailed. Now it seems like my initial gut was right. A retest of the short zone would be nice...