The last few days showed a clear retest of the the upwards channel.
Moneymakers, algo's and the big boys showed that the previous weekly and daily demand levels held very firmly as they didn't even enter the zone, but rather stayed/behaved nicely in the channel.
With Trump and team talking office in about 5 days, we have a very compelling set of rule changes that are going to be implemented shortly (and play out at least over the next 2+ years!) that will benefit all businesses including the small caps, and in anticipation of the this, the truck was backed up and loaded to the brim.
We were lucky enough to participate both in the first zone, and the second zone below that, to load up. Always good to buy in 1/3 increments to keep your powder dry.
The upper test of the $54 area showed that there is heavy selling pressure there, but we have weakened the supply zone substantially as we stayed there for quite a few days.
Expectations are that this move will play out over the next several months, possibly into the summer and ultimately end somewhere around the $62 range as highlighted by the green circle.
There is another supply zone above that, which we've never retested, so that means it will bounce hard off that selling pressure.
Good luck to all, and do your own due diligence.
This post is for entertainment purposes only.
And for me to document my own journey in this trade for my kids to see how it works, then call me out as either a dad than knows what they're doing, or call my bluff.
Moneymakers, algo's and the big boys showed that the previous weekly and daily demand levels held very firmly as they didn't even enter the zone, but rather stayed/behaved nicely in the channel.
With Trump and team talking office in about 5 days, we have a very compelling set of rule changes that are going to be implemented shortly (and play out at least over the next 2+ years!) that will benefit all businesses including the small caps, and in anticipation of the this, the truck was backed up and loaded to the brim.
We were lucky enough to participate both in the first zone, and the second zone below that, to load up. Always good to buy in 1/3 increments to keep your powder dry.
The upper test of the $54 area showed that there is heavy selling pressure there, but we have weakened the supply zone substantially as we stayed there for quite a few days.
Expectations are that this move will play out over the next several months, possibly into the summer and ultimately end somewhere around the $62 range as highlighted by the green circle.
There is another supply zone above that, which we've never retested, so that means it will bounce hard off that selling pressure.
Good luck to all, and do your own due diligence.
This post is for entertainment purposes only.
And for me to document my own journey in this trade for my kids to see how it works, then call me out as either a dad than knows what they're doing, or call my bluff.
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.
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.