MA - Classic L-MLH test/retestAltough price was in a hurry, it failed to reach the centerline, broke below and now we see the textbook test.
Even a retest (a second one) is possible, bevor heading south.
...trend and flow is still up - not even a prior pivot low is broken...so I have to play it small when shorting the retest.
C-FORK
EURUSD - shorting ideaAfter a rally, EURUSD is slowly reaching an upper band defined by several flat SSBs given by Ichimoku, they act as a resistance zone. Moreover it is blocked by the upper prong of the fork where the price evolved since September. Depending upon the US elections, we may see a rejection of this area with a price returning to the middle of the last swing we observed (25 Sept -> now). Given the technical levels extracted by extending the flat segments of the daily SSB and the median of the fork, 1.10 looks like a plausible target.
Invalidation of the plan in case of non-resistive 1.116-1.120 area.
ES ready to tank?The drawings on the chart catches the movements of the market very nicely.
Yesterday, the close was below the mini- support (white dashed).
A classical pullback to it with no continuation north indicates - ES will probably tank more...and the potential is down to the L-MLH.
I play this with options - selling Call-Spreads or even naked Calls...always small positions, but often.
P!
Long ETH hard for for MondayJust in case everyone forgot, here is a chart showing the results of the last hard fork. Not counting the rally the day before, ETH/BTC was up 30%.
I think we at least go to .022 but now would be our chance to break through the all time retracement of .382. If we were to rise another 30% that would put us at .025
RUT - IUX NorthUntil we break the L-MLH (yellow) or centerline (grey), this markets path leads north.
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SV1!. Silver. One more short attemptI still expect a pish up on DXY and, as a consequence, a move down on Gold and Silver. Spotted a possible Gartley pattern which correlates with a bounce down from the Hagopian Line of my bearish fork.
Will take a short position on a Hagopian re-test or when price breaks back into a bearish fork.
SL: 20.50
TP1: 18.70
TP2: 17.90
POT - Pressure Cooker (..tnx Shane ;-) )This concept - not setup - stems from Shane Blankenship, my former mentor of MG.
I use this analogy in many situations, where the market just pressing price, up or down.
What's important here is, the release of the pressure.
See that one wide range bar? This is "interesting", something important is going on here.
Now, since every breakout trader is long, they (Market Maker for this one Stock) will most often try to scare them out by letting price fall back like cooled steam falling back from air to ground.
Taking this analogy as a "CONCEPT" and not as a "setup", gives you the freedom to reapply it in many other situations and trades.
(Thank you Shane, your the real Master...)
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...and allways keep in mind - never ever ever risk big, because everything we think can fail.
W - WHEAT: Time to try longThis is the third touch of the Centerline.
As you can see, it springs up every time it lands there.
So, why not this time?
Playing it small...
P!