MikePillai

MikePillai

So the first demand area worked out perfectly and now we are on route to target 2 and we have a confirmed harmonic pattern to target area 2. This chart is educational purposes only and is not financial advise of any kind. This is for my continued learning.

MikePillai

We have a confirmed Crab pattern on NQ. Its a swing trade so its one of those trades where you have to build your position and add to it. Crab patterns can retrace all the way to A leg before going down. So be prepared to add to your short. THESE CHARTS ARE FOR MY REFERENCE AND LEARNING AND IS IN NO WAY SHAPE OR FORM ANY KIND OF FINACIAL ADVISE. DO YOUR OWN...

MikePillai

I am always scared to short TSLA. I do not plan on shorting it either. I am however keeping an eye on it in case it gets to my area of interest.

MikePillai

Trying to identify crucial levels for a bounce. I do not know where the bottom is and I am not trying to guess it either. I am however trying to identify potential areas that could give the market a push up and take it from there. Trade 1 level at a time and see what the market gives us. I do not see how this can be a reversal point as the issues that drove the...

MikePillai

Continuation of the previous charts as I learn new things or make corrections.

MikePillai

SP500 seem to be moving in a range at the moment. Not sure if this break to the upside or downside. For the moment I'm sticking to the range in the box and wait for the breakout up or down to see where the next move will take us. Multiple areas of support below, but a fairly decent move down to get to those. Will we? I do not know. If the FED comes out with a 100...

MikePillai

Multiple levels of support around the 37.5k area. POC, 0.786 as well as monthly level. Hopefully this holds.

MikePillai

So far, BTC moving along this channel and respecting the levels. Ascending channel so at some point, we could break to the downside. Time will tell. For now stick to the levels.

MikePillai

This is my journey of trying to learn TA and use that effectively in my trading plans. So please do not rely on this idea for your trades. Clearly can see why BTC rejected from the 42.9 area and now holding support for the moment. Would not be wise to open shorts unless it breaks this level cuz could see a bounce from this region. Maybe wait for a bounce to 40 .5...

MikePillai

This is my journey of trying to learn TA and use that effectively in my trading plans. So please do not rely on this idea for your trades. Clearly can see why BTC rejected from the 42.9 area and now holding support for the moment. Would not be wise to open shorts unless it breaks this level cuz could see a bounce from this region. Maybe wait for a bounce to 40.5...

MikePillai

it wants to get hard .. but for now it is what it is