Down the rabbit hole

Updated

Unfortunately I have no clue if the coincidences will keep on popping on this one as I was doing a little bit of a Stand Up while drawing this. Actually I was standing down, but that's for that's for another story.

Don't go down the rabbit hole. It's not what you expect.

No trading advice on this one. This is more crazy than it should be.

Original idea linked to this one. Don't go down the rabbit hole.

Note

Original post.

Note

Nice candlestick shadow at the blue shape and a potential bearish harami on the daily chart. Still not confident in this signal but the coincidence is still interesting. I shorted.

Note

This was a good sign to get out.

Note

Between the arcs. Will the green line hold?

Note

At the red line...

Note

Better resolution. Decent rebound from the red double curve.

Note

Retesting of the Red and I don't know if it holds.

Note

Another rebound at the red shape after a long period of flirting with it.

Note

Back at the edge of the arc.

Note

Decent drop after meeting the edge of the arc. Next stop blue line? or does the red one still hold?

Note

Almost touched the arc for a rebound. 3rd encounter with the edge of the arc. Don't know if this time will still hold.

Note

Squeezed between the edge of the arc which was broken and the green line with the orange arc lurking above. These could be just stepping stones in a bull move that can provide interesting entry signals just like the previous ones in this project. Week almost over, we might meet the market with a surprise on Monday. This could get interesting.

Note

Zooming out for context. We are at the orange. Time stamp of the intersection of the blue and red double curves. I am looking at this chart and I am wondering what purpose could the long yellow ellipse have. The price might not go down to meet it. Then what? Is this the general trend? Will it drop when the ellipse is over? I usually don't ask myself these questions as I like to be taken by surprise by the coincidences. If this wasn't interesting enough until now, it might become by August.

I also extended the right side of the purple double curve. Interestingly enough it also acted like a short term resistance and then support, from which it bounced.

I liked the first potential sell signal at the edge of the arc, after which the price dropped for the red line where it also created an interesting setup for another bounce. Those two signals might be the best from this project. If anything unusual will continue to pop up on this drawing, it will probably be a bomb shell. Too big to follow. Unless it's the 80.88 price level at the time stamp of the recycle icon. Right at the orange arc. How could this even be possible? I prefer not to try and answer that question. Hopefully it doesn't even happen. I've seen enough coincidences. Mission accomplished.

Note

Green line became support. Orange arc pierced.

Note

Last update

nen

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.