The AD is causing an ascending triangle on the 2hr chart
I'm forecasting here, so give me a little rope. The AD is ascending (ascending triangle technically) to $407-$408 area. It's likely to retest the 3rd leg of the Eliott wave which was sold off. This rejection, can cause a bearish Head and shoulders pattern.
look at wave 1 as the left shoulder, wave 3 as the head, and this final push in attempt to invalidate wave 3 which will likely cause a bearish head and shoulders pattern.
Tomorrows FOMC meeting/discussion is going to be more volatile than normal. Imho, both bulls/bears should be able to eat. I wont take a short position til after $407.50 is touched.. Look at the market heavyweights TSLA, AAPL, SPY (obviously), for clues but will also be looking at
UVXY,
FAZ,
TLT for additional clues.
so seeing this now, I likely wont beat up futures... I'll just be monitoring and posting some updates to the chart. Im both a bull/bear when I need to be..
I'm forecasting here, so give me a little rope. The AD is ascending (ascending triangle technically) to $407-$408 area. It's likely to retest the 3rd leg of the Eliott wave which was sold off. This rejection, can cause a bearish Head and shoulders pattern.
look at wave 1 as the left shoulder, wave 3 as the head, and this final push in attempt to invalidate wave 3 which will likely cause a bearish head and shoulders pattern.
Tomorrows FOMC meeting/discussion is going to be more volatile than normal. Imho, both bulls/bears should be able to eat. I wont take a short position til after $407.50 is touched.. Look at the market heavyweights TSLA, AAPL, SPY (obviously), for clues but will also be looking at
so seeing this now, I likely wont beat up futures... I'll just be monitoring and posting some updates to the chart. Im both a bull/bear when I need to be..
Not
Notice the $407.88 target.. it lines up perfect w/ this theory. Im not a fortune teller, I just follow the money. we shall seeNot
monitoring thisNot
they going to make me put my bear suit on during futures sessionNot
to be clear im not anticipating Not
uvxy premarket scalp, will hold til 3944 area.. if it hits before ny open, im out the scalpNot
I also like Not
high probability but does have risk.. this is the bull flag set up im seeing. I have a position in Not
also notice the small base attached to the bull flag, which is acting as a cup/handle til we get confirmed breakout.. but fully expect more volatility. If scared, nervous stay on the sidelinesNot
The AD is also below the cloud along w/ the stoch rsi Not
stealth bull flag leading into fomc...Not
looking for a retest , I see a series of cup/handles forming. Also coincides w/ TSLA cup/handle pattern. What you see on smaller time frames, lead to bigger time frames til there's an invalidation. I.E if you see a cup/handle pattern on the 1,3,5min chart it will continue to form on the higher time frames until there's an invalidation. if you scroll up, you'll see the cup/handle pattern on the bigger time frames. They haven't been invalidated yet. NOT TRADING OR FINANCIAL ADVICE, im just sharing my trades, thoughts, and experienceNot
3963*Not
now when I attach the flow to the main chart, the AD ascends til 3966 APEX. At that point, we would have to wait for confirmation of the direction tradingview.com/x/uhMzQJB4/.Not
needs to hold this trendlineNot
needs to hold this trendlineNot
also approaching the apex near 3966Not
gotta swim w/ the sharks or get eaten by them. going have this close inside my apex and bull flag.. and potentially close above yesterdays close. if this happens in the next few minutes this going to be a huge win for meNot
after 406 hits, it'll be my last public chart that I post on Tradingviewİşlem elle kapatılmış
No more updates will be provided...Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.