AndrewDavisIV

AndrewDavisIV Updated 

The red target was almost reached. The expected downward impulse hardly occurred earlier this week so perhaps price action never received the appropriate upward force required. We shall see how events unfold as the week continues.

AndrewDavisIV

The bright green arrows show the anticipated price action of the coming week. I will check back in to see how close the red target is hit when that time arrives. Let's see what happens!

AndrewDavisIV

Highlighted in hot pink. Likely to go down instead.

AndrewDavisIV

Yesterday price did, in fact, break out to our relative downside. Although it may keep trending downward, there appear to be a few opportunities available today to ride the wave back up.

AndrewDavisIV

The yellow triangle indicates the projected trading range over the course of the remainder of this week. The green trend channel may break its pattern to compensate for price action on higher time frames.

AndrewDavisIV

The reversal we were looking for yesterday may have transpired. If so, the bright green channel represents the trajectory of the likely resulting impulsive wave. Otherwise, the downward momentum we have been observing will continue.

AndrewDavisIV

The downtrend we've been following took a steep dive yesterday. So today we should be looking out for that corrective upward wave, given the trend confirmation. Yet, until price trades below 33425, this current price action is still confluent with the upward momentum found on higher time frames. For now, this just means that there is still very much downward...

AndrewDavisIV

The market climbed to unprecedented heights over the past several months and may continue to surge even higher as we approach the warmer months. However, the markets are only reactive to reality, so sudden lowering of price action should be expected to compensate for the resulting lag. US30 could be making such corrective action to begin trading closer to the...

AndrewDavisIV

A downward impulsive wave (blue) has formed on this time frame that may be strong enough to reverse the overall upward trend found on higher timeframes (green). Price failed to trade above the 35310 target and instead has fallen below 33450. I will be watching out for proper reversal/continuation signals of this trend and share my findings.

AndrewDavisIV Updated 

It appears the 33225 target has been reached. Upon further analysis, the previously mentioned upward momentum should continue after a brief downward retracement caused by the impulsive action of the past couple days. Be on the lookout for heavy downward momentum today, though. After the retracement is complete, the next price target is arbitrarily set to 33500 but...

AndrewDavisIV

The upward swing yesterday was not enough evidence for me to determine that the overall corrective downward wave to be complete, given the unexpected doesn't occur. My criteria for this is for price to trade above 33225. The gray channel in the chart represents the direction of that wave and the arrows are possible courses of action to proceed with the uptrend...

AndrewDavisIV Updated 

Got stopped out on that first trade, but in reality I had a much looser stop loss so all's well. Well see how high this goes over the next hour or so the aim for that short position! Eskeddit.

AndrewDavisIV Updated 

Confluences of the Bollinger Bands and Ichimoku Cloud indicators on the 15m frame signifies a corrective downtrend during todays session. I have shown potential long and short positions to take this morning, as well as a plan for picking up a swing over the course of the next several days which I will continually follow up on. I will save further explanation of...