Primary Original Trend Barrier with adjustments for slop via sliding parallels. A secondary Red Declining Trend Barrier has emerged. Price action gapped down significantly due to global tensions and found current support at the adjusted lower medial line. Price action has declined and previous retracements from 2018 have been weak indicating weaker price...
Price action has run out of energy near 340 marking a swing high. Price has fallen as far as 2008 decline in absolute terms, NOT % (20% in 2008 vs 10% in 2020). Charting this on a weekly periodicity and adding warning lines, sliding parallels and 3 Minor Median Lines. The first trend barrier in Green is the Original Path of Price. As of this writing price...
Although this short sale may have run it's course. Another attempt at this entry point is worth a shot until the trend changes. The price action had a great previous short sale trade on a very tight, 2 bar corner.
If anything a short sell would have been optimal on the corner as price action may move lower as this price action appears peaked. An entry point at the next upper median line would offer good risk return because a buy stop would have structure behind the proposed entry with significant return opportunities. This would mean that short term interest rates would...
Charted this back in August '19 and forgot about till it made the news. This post is simply to remind traders that price is about expectations. Structure and trade location needs to be found on it's own merits. The news is simply something the price will move around on. Without an edge on news, what's your edge going to be? Look for the whale tracks, they pay for...
Short term bonds continue to reach the mountain portion of the chart as price moves toward previous highs. The valley is clearly seen.
median line indicating upward market trend. Price action has continued to strike the upper median line based on the anchor low from 2009. Price action has stayed within the leading indicator range with an unusual point of ignition year end 2018. It appears significant professional buyers came in at the buy point. Which means they are using the same indicator....
Here is how the ROKU trade was to be played. Setting a corner trade with a structured stop and then lowering the top just above the second retrace to the median line, while exiting the position as soon as the price action hit the center median line. No. It did not have to be luck Choi. There is luck and there is skill. The later is repeatable. www.zerohedge.com
Using a modified shiff to predict the path of price. This price action has moved downward and is currently recoiling for an advance back up to another potential sell zone. This short looks a little played out and could explode higher from the recoil. The current trend is negative until proven otherwise.
Using a Daily chart which is a little slower on the action side, it appears a Shiff pitch fork fits the data best. Price action has reached the sell zone, which does not mean price action could not rip higher, but it appears the buying opportunities remain to be seen at what would appear to be lower levels. Hard conceive given the trend to lower interest rates. I...
Using a weekly chart to predict the path of short term interest rates, it appears lower rates are ahead. The path toward lower interest rates which continues to keep the inflation game going.
This corner trade has now revealed itself. With a clear wash and rinse into structured support. Waiting for price to come back into a buy order and a structured stop below. This proposed trade will offer 14 X return to risk levels. Buy order set at 2.64 with a current stop of 2.45 Current Targets Selling 50% of position at each are: Target 1 at 4.52 Target 2...