🎯 HISTORICAL EDGE - AWAITING PULLBACK 🔴👋 Hey team!
Yesterday we saw interesting pattern forming. The NASDAQ Advancers have outnumbered the Decliners by at least 3:2 for 3 consecutive days in a row.
🏁We decided to backtest this strategy...as you know waaaaay back since 1999
⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️
Edge appears bearish🔴 . Nearly 57.3% we have had a down move in the SPX the next day.
The times where we have followed this setup with an up day ☝️ produce about half the moves than the times we have followed this setup with a down day 👇 (aka LOSERS > WINNERS).
Is this a trade idea? No
What is it? A general historical view of how the markets will perform.So does the market so do the stocks in it. So our historical edge is leaning bearish. Hence, we ought to dial that in our position sizing.
Do not forget 💰 cash is a position.
You have been warned ⚠️
ADD
XRP/USDT Long 11AugustI think there is no need to say something about this clear shot
Flag will be completed
before that U take the trade⚖️
Don't forget to setup Ur SL
i was going to forget that...
It will be listing tomorrow on august 11th On KickEx Though (some gap up in MFI Indicator Is needed to complete Double Top Pattern)
METALS - JUNIORS - ADDModel has given entry signals for Arctic Star Exploration Corporation
- Arctic Star Exploration Corp., a junior natural resource company, acquires, explores for, and develops mineral properties in Canada and Finland.
- The company primarily explores for diamond and niobium/rare earth deposits.
- Its flagship project is the Timantti diamond project covering an area of 243 hectares exploration permit and 193,700 hectares exploration reservation located in Finland.
- We are very excited about opportunities in niobium and rare earths, but as an added bonus, the company has unveiled compelling diamond findings from their Finland kimberlite zone.
- Technically in a rising channel, and we expect a boom in the commodities sector.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
ADDED $FCEL Target 24.13 for 28.90% Or next add level at 13.31 $FCEL Target 24.13 for 28.90%
Or next add level at 13.31
FCEL dipped enough for me to add a little here at 16.06...
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Finding where to add to position at - RSI & Trendline Bounce - Chart says it all. Look for us to bounce off that price action trend line along with the RSI bouncing off that orange line created from the last low. If we do bounce look for volume and candles to confirm.
If you like this chart and agree please like this idea.
Comment if you have any input. Please and thank you.
Add to short positionsDaily, weekly, monthly charts still look down to me. Anyone betting on policy gets the pillar to post treatment. Pulling h/c bill is still a defeat and short covering at day end not impressive. Tax policy going to fail too b/c voter pressure has House members fearing for their jobs. Voter pressure looks sustained to me.