Bullish Double bottom by the AD Also have a triangle breakout set up by the Wave trend Price action was looking for a double bottom to make the AB-CD valid. Looking for a retest of the C leg of this pattern which I have at $432.00
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price action set to close near/above the 1.618 fib
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Price Action set to close near/above the 1.618 level very bullish close imho
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the Bullish AB-CD set up I was monitoring from last night that I mentioned. we closed above the double bottom area. I didnt think the AB-CD pattern would be valid w/out the double bottom and a bullish close near the 1.618 we got that today cheers
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im bearish on the 10yr treasury, a decline in yield is bullish for commodities & equities
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this is not a bear flag, this is an Inverted head and shoulders pattern on the 5min chart. This will continue to the higher time frames, til there is an invalidation of the trend. The AD has already confirmed this pattern. expect more volatility as the pattern continues to higher time frames. i.e. bigger price swings. I anticipate this carrying over to NY Premarket Wednesday trading session. more whipsaw action to shake out bulls. cheers!
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power of the AD & Money Flow
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as anticipated the usd fell (here is the live chart from last night)
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click the link above to view the live chart.. here is a snapshot of current price action. likely falling to bottom of channel. bullish for equities and gold/silver
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also 10yr was a dead give away during futures trading session
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stealth inverted head and shoulders
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this can then turn into a cup and handle pattern
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if scared or nervous buy the handle breakout
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I know some were scared to hold after the open. if you in good profit, you should always be trying to protect it.. not up to me to tell folks when to sell. having said all that.. lets see if the retrace back to the 421.50 holds.. im looking to add more at that level.. not trading or investing advice. do your own due diligence
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if this bear flag remains valid, price action should fall under 422
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added more, gave myself some time on the expiration dates... good luck everyone
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study demand zone buying
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waiting for price action to clear supply zone now
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patiently waiting to see if this forms into an inverted head and shoulders pattern, that the bears are shorting into... still holding and want more
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bulls just need one more $1, thats it
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I ment 422.66... Lord Jesus, I'm working too hard and need some rest... trade is on auto pilot now we're above 422... Im taking an early lunch get some rest, and be back during power hour. forgive the typos. Cheers
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ok now I rest
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took profits here will be monitoring for another entry .. protecting profits
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will monitor for entry later
手動結束交易
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dont be greedy, bearish divergence... could get this cheaper tomorrow do what you want w/ that info. cheers
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im out of the short and in cash position. if this closes above the .618 (bears have to defend) could cause a short squeeze and reopens the door for 426-429which will make this trade set up active again. however there is a flip side. let me show you 2 charts!
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see the desc. triangle set up by the AD..
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now look at the price target when I overlap price action. I get confirmed 417.50.. this is why im in cash now. because i'm waiting to see if the bulls can close price action above the .618 fib, if so makes rolling the puts out much cheaper... hope this makes sense to the question in the comments below
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let it run up so i can short it again
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making money both ways look at that bounce and the rsi is not overbought yet...
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in here w/ big shorts
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see you good folks Monday, I'm out. I layered in enough puts.. looking for $417.50 next week