Bearish descending triangle fake out.
I've been calling for 19$ all week. Didn't get it, which i'm more then okay with.
Today, i was calling for a morning rip, mid day dip, and climb up. We got that.
i wasn't expecting the price action to be so tight, but for a friday, i guess i shoulda expected it.
I want to see us get out of this descending triangle and quick.
We sideways climbed out of this micro sell off, back tested and carried on upward.
I see us grinding our way up to the 26 range this coming week.
I dont see us breaking out of the shaded triangle just yet.
So there for i want to see at least a higher low made.
Max pain for next week is 24$.
That means, Max pain has dropped 1$ for 6 days straight. ( 1$ everyday this week, and 1 dollar to start off next week)
The max pain theory failed us this week, today was 25, and we closed around 23.
I dont see it failing us next week. price action to 26$ by friday open. and dropping to max pain. ( hoping it at least stays at 24)
I have fallen down the fractal rabbit hole for about 4 months now, and have been tracking a certain spot for a while now, and relatively have us pegged.
Gauging the dept of dips and top of rips, is where im struggling now. ( plus we are running about 4x slower then before)
Before you say the fractal theory is a giant hoax, your barking up the wrong tree.
For Half of August and all of September and 1 week of November, i had it pegged 100% day for day i was nailing price action with in 10cents everyday. So i'm caught up on finding the next spot. ( i stare at this chart for probably 10hrs aday.)
in those 7 weeks. i was able to turn 2k into 19k. and if you look into those weeks of trading it was relatively sideways.
So bare with me. im 80% certain i know where we are. If we would have gotten the lower low i would be 100%
Why am i caught on the fractal you might ask, Simple, i dont think retail buying this stock everyday is doing anything, this being one of the most bought stocks in the market shouldn't sell off from 40 to 20 in a few weeks.( no bad news) Thats unrealistic. Its fake. I think the market maker has an algo, that allows all the hedge funds who trade in the dark pool to fill their buys and sells at selected prices. Its all fake.
It Wyckoff accumulation and distribution to fucking T. over and over and over and over.
They dont care what the price is... They accumulate for 2 or 3 months, let it run and distribute their shares in a few weeks.. How? cause its the most bought stock in the market.. they have plenty of buyers.. 20, 30 40 50% gains for them is a win, when they dump in millions of dollars. Its repetitive process. and they will milk it out over and over. mean while, im over here tracking the process. over and over and over.
Well i got carried away here.
Thanks for reading my book.
Stay tuned.
Today, i was calling for a morning rip, mid day dip, and climb up. We got that.
i wasn't expecting the price action to be so tight, but for a friday, i guess i shoulda expected it.
I want to see us get out of this descending triangle and quick.
We sideways climbed out of this micro sell off, back tested and carried on upward.
I see us grinding our way up to the 26 range this coming week.
I dont see us breaking out of the shaded triangle just yet.
So there for i want to see at least a higher low made.
Max pain for next week is 24$.
That means, Max pain has dropped 1$ for 6 days straight. ( 1$ everyday this week, and 1 dollar to start off next week)
The max pain theory failed us this week, today was 25, and we closed around 23.
I dont see it failing us next week. price action to 26$ by friday open. and dropping to max pain. ( hoping it at least stays at 24)
I have fallen down the fractal rabbit hole for about 4 months now, and have been tracking a certain spot for a while now, and relatively have us pegged.
Gauging the dept of dips and top of rips, is where im struggling now. ( plus we are running about 4x slower then before)
Before you say the fractal theory is a giant hoax, your barking up the wrong tree.
For Half of August and all of September and 1 week of November, i had it pegged 100% day for day i was nailing price action with in 10cents everyday. So i'm caught up on finding the next spot. ( i stare at this chart for probably 10hrs aday.)
in those 7 weeks. i was able to turn 2k into 19k. and if you look into those weeks of trading it was relatively sideways.
So bare with me. im 80% certain i know where we are. If we would have gotten the lower low i would be 100%
Why am i caught on the fractal you might ask, Simple, i dont think retail buying this stock everyday is doing anything, this being one of the most bought stocks in the market shouldn't sell off from 40 to 20 in a few weeks.( no bad news) Thats unrealistic. Its fake. I think the market maker has an algo, that allows all the hedge funds who trade in the dark pool to fill their buys and sells at selected prices. Its all fake.
It Wyckoff accumulation and distribution to fucking T. over and over and over and over.
They dont care what the price is... They accumulate for 2 or 3 months, let it run and distribute their shares in a few weeks.. How? cause its the most bought stock in the market.. they have plenty of buyers.. 20, 30 40 50% gains for them is a win, when they dump in millions of dollars. Its repetitive process. and they will milk it out over and over. mean while, im over here tracking the process. over and over and over.
Well i got carried away here.
Thanks for reading my book.
Stay tuned.
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