Rykin_Capital

Rykin_Capital

This really overstretched the indicators quite a bit which have now flipped to the upside. I am willing to take the contrarian view of a what is a bearish market.

Rykin_Capital

Very slow and not confident move up on the bullish side cancelled by strong bearish candles. Indicators below show ripe fruit for bears' picking. All three are singing in unison. This may be a start of a new Elliott zigzag.

Rykin_Capital

Indeed, it is. Price action, stochastics and VZO are supportive. We look to break triangle support on the diagonal line, which is the commonest of the two.

Rykin_Capital

Last short idea was profitable for us, and I think this is a time for a pivot now. Price action is king. The drop down looked like ABC of a larger zigzag A wave, so now B which may be quite protracted. Fib goals here are for illustration purposes, as I recommend you never keep your goals stationary but use an adaptive indicator or indicator pair to exit.

Rykin_Capital

Probabilistically, yes. OBOS out, MIDAS cross, VWAP/US superior to candle, BB%PCT cross of zero line, VZO dropping and bearish. Stoch is deeply divergent. All this is is a game of trades, good luck out there.

Rykin_Capital

A much larger ABCDE formation is complete, not pivoting back to gravity. There is confirmation with MIDAS cross of price action with supporting of RSX exiting OBOS area and VZO/Stoch duo being bearish divergent for some time now. The incoming stream could be a tumultous C Wave impulse to the bears, if Elliott is to be believed.

Rykin_Capital

The previous ides on short was very profitable and I believe that we are facing a local reversal here based on price action and volatility , stochastic indicators below. This is a within one candlestick set up, so relatively risky. And yet most pivot setups are.

Rykin_Capital

The setup stopped out last time with acceptable losses. It is time to try the markets, probability and harmonics once again. This time the indicators below are in alignment also

Rykin_Capital

A bounce off support, supported by technicals. There is strong price action off a support established by two most recent price lows. Buy signals are thrown off by both VZO and Ehlers Stoch RSI, which in my experience is an extra probability boost to the take.

Rykin_Capital

Huge bearish engulfing candle crossing all vWAP, US, MIDAS. BB%PCT crossing the zero line. I bet this one will break to the downside of the pennant, divergence already present on RSX.

Rykin_Capital

Yes, and overbought for along time now out of OBOS with bearish price action. Lagging indicators are still catching up as they do with most pivot takes, but if wrong stop losses act within one or two candle sticks.

Rykin_Capital

Down we go. Clear tops consolidation pattern post major Elliott impulse to the upside. Fifth Wave impulse in green, now MIDAS break sharp bearish engulfing candle. Lower indicators unreliable from barbwire trading. vWAP indicative of trend reversal.

Rykin_Capital

Tight trading ranges are always tough, as they cause indicators to constantly throw off false signals. There is no way to know which signals will be false. Taking a chance on this one nonetheless. Three soldier candlestick pattern that breaks MIDAS curve and crossings on VZO+offset and Ehlers StochRSI. BB%PCT also crossed zero line. vWAP/US duo in alignment and...

Rykin_Capital

Our last game take on PM centering on a bullish butterfly gave us profits on that very healthy looking impulse up. Now, it is time to come back to reality for this stock. RSX wise - out of OBOS territory, while crossing the MIDAS line. vWAP/US show gradient of trend and are resistant and in alignment. The technicals below have been divergent for a very long time,...

Rykin_Capital

Early bounce off support now, full steam ahead to the upside , crossing vWAP and US in the second last candle. Now MIDAS crossed. Below oscillators have or are about to turn bullish, reflective of the upgoing candlesticks. This is an AB=CD as far as I'm concerned and Kennedy channeling for stationary goals in any parallelogram structure applies.

Rykin_Capital

I called tops too early last time I looked at Mastercard. That's why you have stop losses. It is a common feature I found when using Elliott, that there is frequently one subwave that is left unaccounted for, causing one to call pivot prematurily. But calling pivot is never easy no matter, which tactic you use. Similarly, vWAP derived reversal to mean...

Rykin_Capital

My last idea on LLY proved to be very profitable, so here are the early signs of a pivot at hand. Technically, the indicators flipped almost in unison, MIDAS crossed. And just look at that fat bearish candle setting the tone. It is this constellation of factors that gives one confidence to profit from the plunge. Strap yourselves in.

Rykin_Capital

Betting on a triple drive formation here, while stock price is correcting from the last drop. None of the technical indicators have turned, yet, although they appear to be about to. This is a discretionary idea with increased risk, as there is no signal until an indicator produces one.