DaddySawbucks

DaddySawbucks Updated 

Just an idea. Every correction has been a zig-zag since 2015. Last year the zag came in late October. Cycle this year seems to lag a week behind. Time bars suggest this rally maybe near end move. Not saying that gap at 360 will fill, just that it might fill, it's a price magnet TBS. Price could consolidate and pivot again anywhere between. Some kind of pullback...

DaddySawbucks

Every correction since 2015 has zig-zagged. Going again? IDK, but eerily close to dates, peaked on 12, sold to 28 Oct 2020. This one is running a week behind, looks like we peaked 10/21; to confirm on Fri 10/22, ERs tanking FB, SNAP, INTC techs overnight; if double top is in, might expect weakness until ~5 Nov, if the zigzag pattern repeats. Bull trap?! Not...

DaddySawbucks Updated 

Wow. Just, wow. Who knew? Melt-up fgs. Murrey ultimate resistance within a buck. Double topping? Unsustainable parabolic. Not shorting this yet, better to buy the pullback IMO. Gonna hit a wall at 4525 IMO, PRZ. Probly squeak higher Weds. GLTA! PS This is a pure interest and education post. No position, risk-off. Murrey called the bounce, can it call the...

DaddySawbucks Updated 

It ain't over till she sings. Overbought, again... gaps to fill near pivot price. More volatility incoming IMO. Trade with care!

DaddySawbucks Updated 

Price entering Buy Zone. Expect pivot within 3-5 trading days IMO. Falling Wedge formation, inverted H&S on Right Shoulder. Friday will be daunting and may well mark the LOTM. September Triple Witch was ferocious, expect more same. Pivot likely Mon 18 Oct IMO. This ain't investing advice, Do Due Diligence, GLTA!!

DaddySawbucks Updated 

Breakout from the downsloping TL on Thursday 10/05 is Bullish. We see the violent churning consolidation of the correction which struggled to find support trading below the 200 DMA in first week of Oct. Price broke above 200 DMA on the 5th, moved above the DTL and also broke out above former resistance at the $3465-75 zone. After a breakout, we almost always see...

DaddySawbucks Updated 

Gonna find out real soon. So Oversold, due for a bounce. So far this week every rally met with more selling pressure. Something gotta give soon... where will it hold? No positions, tried calls several times, all fizzled, and then the EOD dump. Looks like an ABC correction, so far... if this is an impulsive 3rd wave it's gonna get really really rough soon,...

DaddySawbucks Updated 

Oversold > Overbought > ?Oversold again?! Probly will hit the R line at 2270 Friday IMO. Buying panic. V-shape, who knew?! No position yet, lost enough second-guessing this move already. Sheesh!

DaddySawbucks Updated 

Chart says all. Could be near end of the reaction rally from Monday's selloff IMO. Trade with care, GLTA!

DaddySawbucks Updated 

Note the consolidation zones along the S/R line reaching back coincide with the Fibo retracement 0.618 level; bull/bear battle zones, likely rejection zone. Overbought condition, indicators pegged, but can always squeak higher ofc. A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction,...

DaddySawbucks Updated 

Not a big believer of harmonic trading, but there is the pattern. Money flow weakens. These patterns supposedly result in a 50% pullback, as shown. Not advice; GLTA!

DaddySawbucks Updated 

Chart says all. Sell in the band between S/R. not advice, just an idea; GLTA!

DaddySawbucks Updated 

At least to test 200 DMA IMO. Expect technical bounce to rejection under lower channel TL from OverSold. Short the rally, due diligence; GLTA!

DaddySawbucks Updated 

Gave up 1K pips and entered consolidation zone. Forms pennant on flagpole, probably only halfway down. Can backtest higher before measured move; or complete a flagpole formation from this pennant. Price action has been muted; small moves, no huge red days, yet... Trade at your own risk or just stay out and watch the damned thing. Churning moneypit IMO; GLTA!

DaddySawbucks Updated 

Chart says all. IF it breaks the 50, will likely sell off 8-10% further. There find supply zone. RSI and MFI at this level have held support in past, except Oct 2020. So used that overlay for failed case. NB: DJI off only 0.5% and RUT was GREEN EOD. Would not be short here with small caps so resilient... GLTA.

DaddySawbucks Updated 

Chart says it all. Went oversold at support, closed the gap from 4400. Headed higher, until it isn't. Gonna retest ATH and double top, then rollover into correction IMO. Gann's fan gives estimate of new final channel to ATH after correction. Trade at ur own risk, GLTA!

DaddySawbucks Updated 

RSI not mad overbought yet, IMO gonna see it get stupid like Feb 2020. After that, then the big break. 5-10% correction incoming, likely a zigzag, all the previous were zigzag corrections. Tis the season!

DaddySawbucks Updated 

So far above the 200 MDA... 50MDA will serve as first support IMO. When the waterfall cascades, 200MDA should hold.