I have covered this in my education blog, but here is a great example of a Climax Run Stock Checklist ✅ Price looks almost vertical ❌ Run occurs after at least 18 weeks of the first base. (This run is 5 weeks after first base) ✅ Rapid advancement +180% ✅ Last 8 days before drop was 7 out of 8 days up ✅ Last 2 trading days we saw the largest trading range ❌...
Among my friends and acquaintances, I have been known as a Tesla perma-bull for years. So far, this has been quite a comfortable position. Today, however, I noticed something in Tesla's macro chart that has me a bit worried. On the one hand, my Parabolic Exhaustion Indicator hit the alarm at the high in both the Daily and Weekly. This alone indicates with...
Here I will wait climax bar, it is a big candlestick in the last of strong impulse after consolidation in lower time frame. Yes, the price showed consolidation in lower time frame. In the TF 240, the candle form inside bar. The price will go down for the last to break the support for fakeout. Why the price will do this, because the Institution traders need liquid...
Based on s&p500 index movement on last week, There is a possibility of NIFTY to test 16150 next week, this is purely because of short covering rally as well as to finish the last wave 5 of the ongoing 5wave expansion(C wave). TRADERS can hold their longs with a confirmation of levels 15915,16090,
It seems that this prediction seems realistic regarding Eliot waves and Fibo extension. 60k could be a critical point. Let's see if Mcafee will keeps its nuts 😜
Hello guys, I wanted to share my idea about the future of the crypto market. We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges. There is a wisdom in trading: Volume never lies! This not means it is over at all, but for this trend, we have a reversal. It is time to...
Evening Traders, Today’s second analysis – ZECUSDT- trading in a falling wedge pattern that typically breaks bullish, Points to consider, - Price Action Bullish - Local S/R Support - Swing High Target - RSI Divergence - Volume Influx ZECUSDT’s immediate price action is bullish trading towards its apex, this allows us to have a bullish bias on the...
Evening, Today’s analysis, NZDCHF respecting the 2.618 Fibonacci Extension with the next projected trade location at structural resistance Points to consider, - Oversold bounce recovery - Structural resistance retest - 21 MA breached - RSI swing low failure NZDCHF’s oversold bounce recovery is projecting structural resistance to be tested. A bearish...
Evening Traders, Today’s Technical Analysis – NFLX – confirming an S/R flip, on the verge of a blue sky breakout if local high gets taken out. Points to consider - Trend broke key resistance (S/R Flip) - 1.414 Fibonacci Extension Respected - RSI above 50 - Stochastics projected down - Volume climax evident NFLX’s trend has breached a key level confirming...
Evening Traders, Today’s Technical Analysis – CGC - impulse move into resistance where CGC is likely to range trade. Points to consider, - Macro trend bearish - Resistance confluence - S/R Flip retest - RSI above 50 - Volume climax CGC’s macro trend has been putting in consecutive lower highs with a recent sell of ending with an oversold...
Evening Traders, Today’s technical analysis will focus on MATICBTC, breaking out of a symmetrical triangle with strong bull volume, currently facing resistance from the 200 EMA. Points to consider, - Macro trend bearish - True pattern breakout - 200 EMA is local resistance - Retest of local support probable - RSI in overbought region - Stochastics in...
Hello Traders, Today’s chart update will be on the CME Futures chart, which has an open gap that with a high degree of certainty will get filled. Points to consider, - Trend topping out - Structural resistance hit - Support zone being tested - Stochastics projected down - RSI approaching support - Increase in bear volume - EMA’s crossing bearish The...
Hello Traders! Hope you all had a great weekend, Update on BTC recent developments on the daily chart , at a very critical point, trading below the 200 Moving Average, we need it to break and stay above this level to keep a bullish bias. Points to consider, - Daily trend bearish - Price testing structural resistance - Price below key moving average -...
Curro has been in a markdown for some time (see previous post below). We now see some buying volume stoping the decline. Following the Wyckoff theory, the selling climax (SC) indicates the start of a trading range (TR). This could be another stepping stone in the markdown or is it the start of an accumulation TR. But for now, we can expect the stock to be...
BYND broke out to a new all time high last week and tested above the 200 level where there was profit taking. Last week became a buy climax and prices are currently testing below the bottom of the climax. When a climax forms, prices often correct in two legs sideways to down (or up with a sell climax). However, there is still an open bull gap around 163. If...
ABBV is selling off this week in a third leg down from the buy climax and all time high. Although it looks strong at first glance, this is more likely a sell vacuum (sell climax) than the start of a strong bear breakout. A vacuum is created when strong bulls step aside and wait for prices to reach a location they want to buy, and the strong bears continue to...
Ethereum has always kind of been serving as a catalyst for the altcoins market. And if ETH starts to move up, you can bet that many of the ERC20 tokens and some of the other altcoins will follow as well, and even faster than ETH. Volumes - if we look at the Binance chart, the place where ETH is most traded - is showing a climax bottom If a market arrives...
climax volume 1 , plz replay any test review for day trading