IIFLSEC potential breakout Strong buying force followed by VCP formation.
Price trading in tight range.
Volume contraction.
Low risk entry.
Strongbuying
RKFORGE potential breakout POSITIVE POINTS:-
Strong buying Force.
Trading in a narrow range.
High relative strength.
Took support from 50EMA & now above 20EMA.
Volume contraction & institutional footprints visible.
NEGATIVE POINTS:-
Overall market condition is not favorable for breakout trading. Key indices are near 50EMA, there could be a potential break down in the coming days. No follow through moves were seen in last few days.
LEU - Updated Analysis after nice bullish movement and reversalWe've been eyeing this breakout since we started to prove sell-side tapering from our strong selling algo to our more tapered teal. Since then, we've seen healthy movement and if we're looking back to a year ago, we can see a similar pattern that formed prior to a larger breakout.
So here I am going to allow us to come back and retest white if that's what price wants to do - if it does I will add to my swing position there, and once we break out of teal tapered selling, we have some nice room up to our retest and attempted breakout of magenta/red tapered selling.
That will be the real test and for that breakout we will need to see our strongest purple and yellow algorithms be in control to break out of there.
Hope this was helpful - as always, feel free to ask further questions on any of my analysis either in the comments or in a personal message to me.
Have a great day all and...
Happy Trading :)
- TraderDaddyOG
TSLA - Updated analysis and what we need to see for a bull runThese same algorithms have been playing out time and time again for years. We need to see our strong yellow activated to break us out of controlled selling teal but more importantly out of our controlled buying green. Green is a bull's worst enemy and although there are intra-day and smaller time frame trades to be taken within, on the HTF it is constantly being used as a liquidity build for the bears to push us lower. This is why we need to see something stronger like yellow take control of price so that we can break out of this control.
Hope this was helpful and...
Happy Trading :)
- TraderDaddyOG
MSFT - Great opportunity to short IF we fail this activationWe need to see yellow strong buying hold us to attempt another breakout of tapering up top. If we fail yellow, our next stop is magenta support which will be important for bullish price action to continue.
We will likely see this happen today - and if we do hold yellow and reject at tapered blue above, I will be taking shorts and expecting a gap down below yellow as we've seen in the past.
Happy Trading :)
PDD - Update and what we need to see to continue upwardWe are looking for a confirmed activation of our buying continuation - that could be yellow HTF acting as support but ideally we will need to activate something stronger like purple or on the LTF green/blue.
Happy Trading :)
AAPL - Post market analysis and what to look out forPretty boring price action today but it did tell us a lot in terms of which algorithms are in play. Yellow was activated as a strong buying algorithm which should be used to take us out of tapered orange - But we will need PA over the coming days to confirm this and for price to begin using our strong blue buying continuation to continue a move upward to retest further selling algos.
Have a great evening and
Happy Trading :)
AMD - Major trade opportunity if we see this activated!Didn't want to forget this one because if we do activate purple we can see price attempting former highs and the weekly taper levels.
Look for price to develop here and if the trade comes to us, amazing. If not, there will be more opportunities.
Happy Trading :)
DIS - Familiar Price Action presenting itself. Watch for thisWe know from the past what to look out for and what algorithms and channels we need to activate in order to break out of our less-strong buying continuation channels.
Yellow (with purple as support) is our key algorithm to breaking out of green - yet, once we see tapering on green and especially our red controlled buying presenting itself, we are prepared to make some money on the move down to at least find support at green.
Hope this was helpful - sorry I am a bit tired but wanted to get this one out to you before we open tomorrow in case we get some important signs during the market.
Have a great night and
Happy Trading!
META - Lots of room to move! Don't miss your chance againMETA is showing some extremely bullish signs and at the very least you can see that from all the bullish volume stepping in yesterday at the bottom of our orange range. That is confirmation for me that if we activate orange strong buying (which we did), we can expect a retest and soon breakout of this orange very tapered buying channel.
Lots of profits to be made here - look for an opportunity with a retest and some structure to grab all the left shoulder liquidity we've built for this move up.
See you at market open!
Happy Trading :)
