So far it all screams corrective to me. Lower first then higher high afterward is my baseline.
Looking for buying opportunity on this coming pull back.
Expect reaction soon. Time & Price. P.S All the index was doing in this latest run up was catching up to the speed of launch.
Close to completing what seems like a WXY of a in a 4th EW. Go higher one more time to take out the stops above at the all time high. The 5th leg will finish a structure started in the in Oct of 2019 so be careful.
See related MJ post.
WXY pattern played out to picture perfect. The are not ready to start marking down prices yet...probably waiting for trade deal. 3226 remains critical and so does 3237 which is above current price.
Low held in place for a while now. They're buying it up against the USD. Stay tuned.
Other cryptos look constructive too.
This thing is coiling on all time frames. Alert for those potion traders. PTP Trend_Trader Buy Signal on the daily.
Only one way to play this market is one leg at a time. No opinions. Let price tell you which way to position yourself, take the PTP signal and manage the risk. Send a message if you'd like access to the indicator on Tradingview. All the best, PTP Team
Big head & shoulders in the making. Let's the break down.
Tight stop for a potential double.
They have been buying down here...ready to mark it up now, I think. Follow your rules and stop loss directives. P.S. DM us if you want access to the PTP indicators. All The Best, PTP
Look out for weed stocks. The MJ etf is a nice proxy.
Very small stop loss and very large profit potential in these. The volume confirmation is clear to see and should bode well well for these week stocks mentioned going forward. The need to break above the suggested levels and stay above if trend reversals will occur as indicated.
A corrective WXY seems near completion in /NG. A break above 2.28 area could see us up up to 2.70 at the least and potentially higher if WXY corrective is finished. If it is not finished and we have further downside left, a move to 1.98-1.82 to the .88 Fibonacci retrace level would not surprise me. Summary of trade 1: Long Nat Gas on break of 2.28 with a stop...
WXY playing out in a corrective. Waiting for a move into the blue box and a PTP Trend Trader sell signal to play the Y of the WXY pattern lower.
If you're not trading futures, then you might consider buying the triple leveraged product DWT once a buy signal triggered.