PonziCandle

PonziCandle

We broke and closed above some previous levels created throughout 2019, so we now looking for a long off the retracement we will be getting. We have to go down to go up first. So we can ride a short down if you have a capable broker or just wait for the long, much better probability.

PonziCandle

I don't like this stonk too much but there is a possible setup here. Trade with caution.

PonziCandle

Possible price action idea.

PonziCandle

Possible price action idea.

PonziCandle

We might have missed a pretty good entry earlier but might find another one on lower timeframes soon. Let's see if this works out.

PonziCandle

Because we had a close above local highs on 13th October, the probability of price coming back to its origin and popping off from there is fairly high. We might have already tested this level now for continuation but I'd like a little lower. Since we can't tell the future we take trades that have higher probability than normal using price action, so its worth the risk.

PonziCandle

Possible entry after making new highs, lets wait for price to come down and test the area the new high originated from.

PonziCandle

Possible areas of interest....

PonziCandle

Possible entry and exit areas for long term.

PonziCandle

Price action areas of interest before moving higher.

PonziCandle Updated 

Possible price action for today.

PonziCandle Updated 

Testing some price action ideas. If it bottoms here you should see your typical "inverse hns" look which is just price action at levels. Good luck. The swap rates are positive for longs here as well.

PonziCandle

This might be a fun trade to try, risk to reward is huge so lets see. Current price action suggests some accumulation happening, people look interested at this price. So lets pretend it's a bottom and create a risk managed trade opportunity at 32 cents with high probability, high reward. Let's go.

PonziCandle

"Volume Weighted Average Price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which a stock is traded over the trading horizon." Wikipedia. (Blue Lines). I use a rule of thumb, never buy/long above vwap and never sell/short bellow vwap. Technically we are below the higher...

PonziCandle

I made an Omnia chart a while back (600%), the shares rights offer messed up the chart. The levels are still there though so I've redone the chart. Again, we could try pick some up a little lower here before continuing. This sounds and looks crazy? Let's find out! Time will show us. (This may take a while)...

PonziCandle

420 was resistance about 12 years ago. That's over 4200 daily candles ago. JK. But we can try trade this. If we are able to pick some up a bit lower and 420 still holds we should be good to test the level it broke down from. There are many levels in-between, but I think the 800 area is destination. It takes a while to identify which levels are important, I am...

PonziCandle

If we can still pick some up around 460-470 it might be worth the risk. Let's see how this goes.

PonziCandle

Price is below the yearly Pivot Point and the yearly VWAP "gap" (volume weighted average price), its the thickest blue line, the other blue lines are lower time frames which also play a role in their own. I prefer this type of setup to trade, being below average price and after hitting a bigger support which held (green dotted line) we look for signs of reversal,...